This is the last step to eliminating your debt.  If you have followed the first four steps, then you are already debt free.  But how can you STAY debt free?  The same concept of losing weight and KEEPING the weight off applies to getting and staying debt free.  You must change your habits.  It does […]

Many of us do not have a ton of disposable income, because our debt payments suck up all of our money.  It would be nice to think that I could find an extra $1,000 per month to put towards paying off debt if I tightened up my budget.  But in reality, there is only so […]

Step #3:  List your debts smallest to largest, and start aggressively paying off the smallest debt, and working your way up to the largest debt. 
This method of debt elimination is contrary to how many people believe that debt should be paid off.  The most popular way to set up a debt elimination program is by […]

The second step is drafting and sticking to a written budget. The reason that this is the second step is because you will never know how much money you can contribute to getting rid of your debt without writing out your projected budget. There are two kinds of budgets. One kind of […]

My next five posts will be a five step process for getting and staying out of debt.  I am trying to follow this process right now, and I am currently still in involved in steps 2,3, and 4.  Here are the five steps to getting out of debt and staying out of debt.
1.  Save $1,000 […]