Why can't I get out of DEBT?
I agree with you completely. If people can manage their finances
I agree with you completely. If people can manage their finances well, then they can become debt free with ease.
It is called learning to live within your means and not using cr
It is called learning to live within your means and not using credit for things you cannot to afford to pay cash for. My income is way way down since moving to florida and I have had to adjust. I live on coupons and sales. All clothing is from thrift stores. Basic cable...no frills. We rarely eat out and when we do it is with a coupon. Pack my lunch and beverages for work and no take out coffees/lattes anymore. I carry no cash and use my debit card for everything....I can see exactly what I am spending. I would prefer not to live so frugal but even when my income goes up, I will still follow most of this discipline.
Having a good spending management is good. However this is just
Having a good spending management is good. However this is just my take on my side.
I have 3 children 7-4-1. My wife is having tough time looking for a job that will cover day care and some. So right now Im the only provider so sometime even having the right money management it is still tough to get going.
So True!
It is so true. If you really want to get out of debt you need to manage your money well. I say set a reasonable financial goal as far as making more money but set up a budget for what you would spend as you make that increased income. If you don't, you will never get ahead.
Of course, the hugest challenge is if you don't even make enough to live on and you have expenses outstanding that increased income would have to cover. Still, a budget as you increase your income is better than no budget.
Knowing what your maximum necessary living expense budget is will also help you know how much more mone you need to make to have more disposable income.
It's all about handling your finances in the right way. No matte
It's all about handling your finances in the right way. No matter how much you earn, if you spend money recklessly and opt for incessant use of credit cards, it's pretty obvious for one to fall into serious debt problems. Thus, one needs to make a proper plan and spend accordingly.