Right off the bat I have to admit that this article isn't really about ‘How To Reduce Debt', though reducing debt is definitely something you'll need to do in order to live a debt free life, obviously. But before we go into that I want to encourage you to think about your current financial situation and your attitude towards money, debt and reducing debt. Seriously, put some thought into this, especially into reducing debt.

Remember - Reduce Debt

Do you see yourself as being wealthy and on top of things financially, or as always a bit behind, and that's just how it is. Do you accept the fact that you're always going to be paying off something on time payment, whether it's credit cards, store cards, car payments or a mortgage. If you do think like that, why is that? And does being totally debt free feel as foreign as a holiday on Mars would?

Imagine - You've Reduced Your Debts

Just imagine this for a moment, yes take a moment and think about this. You have done really well reducing your debts, and now you now have no debts at all. The only things you have to pay for are the clothes you wear, the food you eat, utilities for your home and transport expenses. And imagine this, at the end of the month there are no credit card payments, no store payments, no hire purchase payments, no car payments and no mortgage payments. Ahh, reducing debts is certainly the way to go. How much more money would this put in your pcoket each month?

Reduce Debt - Reduce Debt

But there is one small catch, in order to get to this reduced debt position there's some work to do. I didn't say it was going to happen overnight, and the journey will depend on your level of debt, your level of commitment and your desire to reduce those debts and to be debt free. Yes, it all comes back to you, and yes I know that there are other factors that are out of your control. But here's the thing, if you don't start making some internal changes you'll never make any external changes, so I'm afraid that debt reduction and getting that debt free lifestyle does need to start with you.

Reduce Debt Or Not - You Decide

First you need to decide if you want to be debt free. Now I could understand if you're thinking that's a really stupid thing to say, after all, who wouldn't want to reduce their debts down to zero and live a debt free life. Well, we may all want to do that, but it's bit like trying to lose a few kilograms, you can see in your mind how you're going to look with that 10k gone, and you really want it, but are you prepared to give up a few things to get it. That's the real question when it comes to debt reduction and debt free living. It's all about giving up the habit of instant gratification and developing new habits.

Reduce Your Debt and Sleep Well

So are you serious about reducing your debt and then killing it off entirely? Remember in order to get to the wonderful state of being debt free there are some things you'll need to give up and some things you'll need to do, but before you make that decision here are some things to think about.

• Does living with a huge burden of debt make for a happy and abundant life.

• Is a life without borrowing and credit cards possible for anyone, the answer is yes!

• Is an abundant and happy life without borrowing and credit cards possible for anyone, the answer is yes!

• Do you know how or why you got into debt in the first place, why on earth you bought that ‘thing' that you didn't really want or really need.

• Did you know that a $2000 purchase on your credit card will end up costing you over $10,000 if you only ever pay the minimum payment.

• If someone asked you, could you tell them your current financial position. You know, what comes in, what goes out and how much you have left over at the end of every month, or do you just wing it?

• Are you going through life in a vague kind of way just taking it as it comes, or do you have a plan in place so that you don't need to get the begging bowl out later on.

• Do you, right now, feel relaxed and confident that if a financial crisis arose, such as a huge unexpected expense, or the loss of a job, that you'd cope?

Reduce Debt or Live With Debt?

You need to start somewhere and the place to start is deciding the type of life you want. Is it one loaded down with debt, or is it one where you've taken steps to reduce your debts, and then paid them off entirely, and most importantly, haven't added any new debts.

A Life Of Debt or Reduce Debt - Which?

Think about it. What type of life do you really want, and what's really important to you? The latest trainers, 4 wheel vehicle and best address, or a life where you can sleep at night without worrying about the bills, knowing your debts are paid off and your family is secure. Are you willing to make the ultimate sacrifice and reduce that debt for your peace of mind? Only you can decide. Good Luck.