The first of January is not only the beginning of a New Year, it is often the day that people make resolutions and promise to change their life for the better. It is easy to see why so many people decide to take this action at this time. There is a psychological impact of a New Year that motivates a lot of people into making decisions and improvements. There is also the fact that a lot of people make promises at this time of year, and this means that there will be a lot of support from likeminded people at this time of year.

The 1st of January is nothing Special

The thing is though, there is nothing particularly special about the 1st of January, it is just a date on the calendar. There is no reason why you cannot look to make positive changes to your life on any other day of the year so don’t sit here waiting for the New Year to change your life, how about changing your life so that it is better come the 1st of January next year?

There are many things that people are looking to change in their life but if you have debt, this is something that you should focus on. Getting out of debt is a very popular resolution at New Year because when you are servicing debt, you don’t get any benefit from the money you shell out. Servicing debt sees money going out with no real impact on your life and in the long run, this can be very difficult or damaging for you. This is why you should look to clear off or remove debt in a tangible manner, and there are many ways in which you can do this.

Understand how much Debt you hold

One of the most important steps in moving free of debt is to understand how much debt you have. While most people know that they have debt, they pay out a lot of money each month, they may not actually know just how much money they are shelling out to service debt. This can be a scary thing for most people, and it could be a factor in holding off from calculating your debt, but when you learn just how much debt you have, you may find that being debt free is a great idea. If you know that you have debt but you don’t really know how much debt you have, you’ll find that this is the first step to take.

Once you know how much debt you have, you’ll find that there is a lot to be said for calling on a professional for assistance and guidance. If you are not sure of where to begin when it comes to clearing off debt, you want to turn to the people who deal with debt on a daily basis. You’ll find that these are the people with the best level of support and tips, and they may provide you with ideas that you would never have thought of.

There is definitely a great deal to be said for moving out of debt in an effective manner and debt consolidation could be the solution that is right for you. There are plenty of ways in which you can consolidate your debt but you want to find an option that has a lower rate of APR than the APR rates you are currently dealing with.

While this is a great idea in theory, a lot of people struggle to find an attractive rate of APR. If you have a bad credit rating, you could really struggle to find a loan option that is of benefit or interest to you, but this is where guarantor loans can make a massive difference.

If someone in your life has a good credit score and is willing to vouch for you, you’ll find that you can obtain an attractive rate of APR that will allow you to take control of your finances. This is often the key factor in moving forward with your finances and it is definitely an important factor when it comes to moving free of debt.

If you are serious about moving free of debt, don’t wait until next year or a date on your calendar, take action now and move forward to financial freedom.

Andrew Reilly is a freelance writer with a focus on news stories and consumer interest articles. He has been writing professionally for 9 years but has been writing for as long as he can care to remember. When Andrew isn’t sat behind a laptop or researching a story, he will be found watching a gig or a game of football.