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The secret to debt reduction is for the debtor to be truly committed, 100%, life-or-death committed, to getting out of debt. Have you ever been obsessed about achieving something? Take a moment to look back on your life and think of a time when you were obsessed.

Getting Excited About Debt Reduction

Maybe it has been a while since you were in college, and you were obsessed about getting decent grades. You attended every class and seminar, and you took lots of notes. You read ahead in your assigned studies and focused clearly on your assignments with great intensity. You studied early in the semester so you weren’t caught short at mid-terms or finals. Your friends and family knew better than to expect you hang out with them or to slack off.

Maybe it was a car you were excited about. You looked up pictures of it on the Internet and read reviews about it. You read the owners’ club pages and rubbernecked every time you saw a car like it drive by while you were cruising around town in your boring old car. You sacrificed, saved, and put away all the money you needed to buy your dream car. And then came the proud day when you owned that car, and it was yours.

Get Really Obsessed About Debt Reduction

Debt reduction takes that kind of commitment, dedication, and, yes, obsession. You should be thinking 24/7 about how you can reduce your debt. As you step onto the bus or train to commute to work instead of driving, congratulate yourself on the money you are saving on gas and parking.

At lunch, when your co-workers spend $7 to $10 or more on sandwiches, salads, and hamburgers remove your sandwich or salad you brought from home out of your lunch bag and pat yourself on the back for reducing your debt by $50 or more per week, over $2,600 per year to be used for debt reduction!

At night, after work, enjoy a movie….on DVD, that is. Save $10 to $20 by watching movies at home instead of going out. Eat dinner and dessert at home. Ask someone to teach you how to cook if you don’t already know how.

Track Your Changes

Keep a notebook or log of your journey toward debt reduction. Record every cent you save so you will know that what minor efforts have been made are worthwhile. At the end of the week, total up your savings and write a check for the amount you have managed to save. Apply that money toward your goal of debt reduction by paying that sum to credit cards with the highest interest.