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2 Jan, 2012

Is Getting Out of Debt One of Your Resolutions for 2012?

Freeport, IL (PRWEB) December 30, 2011 — The New Year is here and strong resolutions for self-improvement are being made. Some resolutions include: Getting in shape; eating healthier; losing weight; drinking less; more charity involvement; and, getting out of debt.

Getting out of debt is a very popular New Year’s resolution; however, it is also one of the quickest resolutions to lose sight of. Why? Getting out of debt can take more than 12 months, and this kind of commitment can seem overwhelming without proper planning and tools.

“Short-term sacrifices can have long-term benefits”, said Luke Veitch, Senior Vice President of JLL Solutions LLC. “myDebtEx™ puts the user in complete control of their debt situation. The bottom line is: Once the commitment to be debt free is made and the small investment in myDebtEx™ is made, users realize myDebtEx™ was one of their best investments in themselves and their financial future.”

The benefits of committing to be debt free far outweigh the consequences of staying in debt. Interest expense alone can hold a person hostage.

A few tips to get out of debt:

  • Organize all debt by highest interest
  • Transfer highest interest cards to zero APR cards if possible
  • Establish a budget
  • Give yourself time to work with your budget, they take time
  • Be open and communicate with your spouse or significant other

The latest version of myDebtEx™ is available at the JLL Solutions internet website: http://www.mydebtex.com