One of the challenges I see in living a more frugal (and self reliant) lifestyle is trying to find new ways to rid myself of liabilities, obligations, and monthly bills and expenses from my life.  Here are some of the ways you can get to work on living a quality life on a limited budget by removing liabilities:

• Pay them off now-- Goodbye forever, but sometimes that is easier said than done
• Consolidate them-- Sometimes it makes it easier to get your arms around the problem
• Divide and conquer-- The other side of the coin to the previous idea
• Suspend purchases immediately-- Don't add to your liabilities while you are busy eliminating others
• Sell the thing that is creating the liability-- You will notice I didn't say sell the "asset" because it is the "things" we own that cost us the most
• Suspend the liability-- Warehouse it for the time being

What does all of the above apply to?  Fill in the blank.  Just about any bill or expense you have can be eliminated . . .

Make some decisions and do something about them today!

This post originally appeared on DivorcedDadFrugalDad.com, here is the link to the original post, Removing Liabilities From Your Life.

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DDFD believes that self reliance and self sufficiency are the roads to individual freedom.  He is dedicated to living a quality life through frugality, personal growth and productivity, and defensive entrepreneurship.  He also enjoys cooking from scratch and fishing.