How to Get Rid of a Truck Debt

Owning a new truck often comes with a price other the price tag. The other "price"' is the motivation and determination to pay off the truck debt. In the beginning, trimming a budget to make payments seems minimal; but after several months, it can become challenging. If you are determined to keep your new truck and are willing to make a few concessions, getting rid of that automobile debt will be easy. Afterward, you will be able to enjoy the nice ride even more knowing that it's paid for.

Instructions

1

Make a list of all bills and necessary weekly expenses. Be sure to include the truck payment.

2

Make a list of any extra items money is spent for to include, video games, movies, eating out and any money special hobbies may require.

3

Using a highlighter, highlight all expenses that are not necessary. If it isn't related to food, clothing, shelter or the ability to stay safely warm or cool, it isn't necessary.

4

Using the telephone book, call each company for services provided that are highlighted on your list. Cancel or reduce services to reduce the amount of your monthly payment.

5

Using a calculator, determine how much money has been saved from the reduction or elimination of services and extras. Most people are surprised at this amount.

6

Add this amount to the amount of your truck payment. In some situations, a truck debt can be eliminated in half the time just by making concessions.