Tip no 1 - If a settlement company asks you to pay an upfront fee, don't work with them.

As per the new settlement laws, the debt negotiators can't charge an upfront fee. FTC has prohibited the settlement companies from charging advance fee all together. FTC has made this decision after receiving thousands of complaints from the consumers in the last few years. If you really want to get debt settlement help for paying off unpaid bills, then work with a company that does not charge upfront fees. If any company asks you to pay a fee before negotiating with your creditors, then it is better to not work with them.

Tip no 2 - Check your credit report before applying for mortgage.

Order a copy of your credit report from the credit bureaus before applying for a mortgage loan. Find out if you have too many unpaid debts. If there are several unpaid debts, then try to pay them off before applying for mortgage. Keep in mind that the lenders will check your credit report before giving you a loan. If they find that you're an irresponsible borrower, then they'll think twice before lending money to you. They may reject your loan application all together.

Tip no 3 - Learn self control.

This tip can help you lead a healthy financial life. Remember, if you possess self control, then it will be very easy to manage your finances throughout your life. Control your urges to buy things whenever you visit a store. Don't take out dollars from your wallet when ever you like something in a store. Whenever you're tempted to buy something, think if you really need it.

You can learn self-control from various people. You can look up to a person who leads a healthy financial life. Ask that person about the secret to his happy financial life. Know the secrets and implement them in your life. This will pave the way to financial security and stability.

Tip no 4 - Save so that you can spend.

If you save a penny from your income, then you'll have no money to spend. You won't be able to buy things or pay bills. Save money regularly. The key point is to save dollars whenever you can. Later on, you can spend the money wherever you want.

Make it a point to save at least $10 every day. You can save money on your food, grocery, transport, etc. Deposit the money in your piggy bank. Use the money where you need to spend in reality.

Tip no 5 - Disconnect land line if possible.

Do you have a cell phone? Do you spend the maximum time outside your home? If yes, then you can contact the telephone office and disconnect landline connection. If you hardly stay at your home, then it implies that you hardly use your landline. However, you need to pay the monthly bill every month.

It may be the case that you don't make a single call from your land phone. In such a situation, it will be a financial mistake to pay hundreds of dollars on the telephone bill. You can save the money and use it for other purpose.