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How to get out of debt

March 2, 2010

1. We would all like to see our debt disappear by magic or win the lottery or the rich uncle or whatever but i think we have a better chance of being struck by lightning then that happening. The best way that i have learned to get myself out of debt is to track my spending on paper for one month. I know that is old-fashioned but it works and if you have a spouse she or he has to be on board as well or this won’t work. Once you have tracked your spending for one month you will see where you are going overboard and where you can afford to spend a little extra, hopefully there are places you can afford to spend a little extra. At the end of the month you have probable spent more than one hundred percent of your monthly income. Hopefully that is not the case if so okay we will get to that point, that is the goal here there will be more in the next post.

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From → money, Uncategorized

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