Examine Your Spending Behavior One way to save cash is by not eating lunch out every day. Not only will you save substantially, you will also avoid using the credit card to run up more debt that you do not have the cash for. This chart shows the weekly and annual cost of your lunches. […]

No New Debts! You must decide once and for all not to take on new debt and not to become a slave to your old habits. This is very important! You must decide not to borrow new money for any reason or purchase additional merchandise on credit. This would be an excellent time to have […]

If you find yourself with more bills than your monthly income can cover, one alternative is to develop a debt-management plan. Completing this plan takes patience, but it works if you really want to get out of debt. To set up a debt-management plan, follow these steps: Find out how much you owe and to […]

The first step in getting out of debt is to find out to whom you owe and how much you owe. Using your credit statements as a reference, list the following information about each debt.

Writing down your plan will help you to achieve it. Use notebook paper and allow enough space to include the number of months to fulfill your plan. With each creditor, list the payment which is planned, the amount paid and the new balance due after the payment is made. Do this with each creditor for […]