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THINGS TO DO AFTER YOU PAY OFF DEBT
Global Client Solutions
INTRODUCTION
 Global Client Solutions, an Oklahoma-based third-party payment
processor, was established in 2003 with the goal of helping consumers
settle debts. Global Client Solutions specializes in providing consumers
disbursement accounts through which clients can deposit and withdraw
funds that go toward paying off personal debt.
Paying off all your debt is an exciting experience, but be careful you
don’t fall back into old, bad habits. Below are a few things you should do
after paying off debt to ensure you stay out of debt in the future:
Reassess your budget. Now that your debt is gone, the money you were
setting aside for repayment has nowhere to go. Re-evaluate how much
money you need for everyday items and, if you want, find out what you
can spend on extra items without going back into debt. Any remaining
money should be put into a savings account or retirement account, or be
invested.
PAY OFF DEBT
 Skip credit cards and get an emergency fund. There are plenty of
benefits to having a credit card. Unfortunately, you may find that
having one makes falling into bad spending habits too easy. To
prevent debt problems in the future, try getting rid of your credit
cards and focus on creating an emergency fund. This fund should
cover about six months of expenses and can help you meet
unexpected costs.
Set new goals. Without a new financial goal, your spending is
more likely to get out of hand because you no longer have
anything to work toward. You can keep yourself motivated to
maintain good habits by setting a new goal, such as buying a
home, buying a car, or traveling. Although saving for these goals
may be less strict than paying off debt, they still can keep you on
track.

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Things to Do After You Pay Off Debt

  • 1. THINGS TO DO AFTER YOU PAY OFF DEBT Global Client Solutions
  • 2. INTRODUCTION  Global Client Solutions, an Oklahoma-based third-party payment processor, was established in 2003 with the goal of helping consumers settle debts. Global Client Solutions specializes in providing consumers disbursement accounts through which clients can deposit and withdraw funds that go toward paying off personal debt. Paying off all your debt is an exciting experience, but be careful you don’t fall back into old, bad habits. Below are a few things you should do after paying off debt to ensure you stay out of debt in the future: Reassess your budget. Now that your debt is gone, the money you were setting aside for repayment has nowhere to go. Re-evaluate how much money you need for everyday items and, if you want, find out what you can spend on extra items without going back into debt. Any remaining money should be put into a savings account or retirement account, or be invested.
  • 3. PAY OFF DEBT  Skip credit cards and get an emergency fund. There are plenty of benefits to having a credit card. Unfortunately, you may find that having one makes falling into bad spending habits too easy. To prevent debt problems in the future, try getting rid of your credit cards and focus on creating an emergency fund. This fund should cover about six months of expenses and can help you meet unexpected costs. Set new goals. Without a new financial goal, your spending is more likely to get out of hand because you no longer have anything to work toward. You can keep yourself motivated to maintain good habits by setting a new goal, such as buying a home, buying a car, or traveling. Although saving for these goals may be less strict than paying off debt, they still can keep you on track.