Archive for November, 2007
Get Out of Debt in 9 Steps # 9 - Be Patient and Don’t Give Up
Tuesday, November 27th, 2007
No matter how well you have done with budgeting, cutting your spending, and tracking everything it is extremely easy to get bogged down in the daily grind and feel like you aren’t getting anywhere. I believe this is the hardest part of the process. Depending on the size of your debt balance and the size [...]
5 Comments » - Posted in Get Out of Debt Series, Goals, Life by Eden
Get Out of Debt in 9 Steps # 8 - Make Yourself Accountable
Monday, November 26th, 2007
Without accountability your plan to get out of debt is likely to fail. Unless you are a super-motivated, goal-oriented kind of person, you need a form of accountability to find success with your finances. Be honest and know yourself and know your limitations. Think about efforts you have made in the past to get out [...]
No Comments » - Posted in Get Out of Debt Series, Goals by Eden
Get Out of Debt in 9 Steps # 7 - Visual Reminders to Track Your Debt
Sunday, November 25th, 2007
Making a financial turnaround and getting out of debt is likely to take a long time- I am faced with several years to pay off my non-mortgage debt and probably more than 10 years to be completely debt free. Seeing that long time span when I want to badly to be out of debt now [...]
5 Comments » - Posted in Get Out of Debt Series, Goals by Eden
Get Out of Debt in 9 Steps # 6 - Track your spending and keep your budget updated
Saturday, November 24th, 2007
Now that you have made a budget and you are living below your means, you need to keep track of your spending in order to be sure you stay within your budget and don’t spend more than you earn.
I use Quicken to track my spending, entering my receipts and transactions on a daily basis. You [...]
3 Comments » - Posted in Budgeting, Get Out of Debt Series by Eden
Get Out of Debt in 9 Steps # 5 - Live Below Your Means
Friday, November 23rd, 2007
Live below your means is basically the mantra of the personal finance improvement world. This could be step number one in my Get Out of Debt series and it could even be the only step. The reason it’s not is that most of us don’t really understand what it means and it is much [...]
