Stay Out of Debt
When it comes down to making my income stretch far enough to pay my bills, I have to say that the key is debt management. I have to be careful about what I allow to be added to my debt and what I do to pay off existing debt as quickly and affordably as possible. The bare truth of the matter is that the best way to stay out of dent is to do anything possible not to add new dent to your plate.
For example, I am not going to take on another car payment while I have my current car payment and my backup car sitting in front of the house. It is need over want in my case. I am focused on paying off the debt I already have, especially in light of the fact that I never really know what will come down the pike in terms of a medical emergency. Plus, I am on my own now and I have to rely on myself to make sure money never becomes more of a problem than I can handle.
I want to keep my daughter in her private, Christian school, but I am also researching the option of getting her into one of the little charter schools in the area. They might not be Christian based, but they will allow me to give Gigi a private school style education for free. Again, I am looking into a way to obtain what I need without adding to my overall debt.
When I got divorced, I left behind a very enjoyable 55-inche HD TV. While I would love to replace that, I have become satisfied with watching my old 19-inch Sony. It does the trick. Once more, need over want.
We are in an era where debt consolidation help is something that a lot of people seek. Some people are looking to actually combine current debt into one account that will generate just one bill a month. My best friend and her husband did that. Others, like myself, are just looking for counseling and tips, or help with working out a budget and a financial plan. I am always on the lookout for articles and advice to help me better understand how to manage my money and avoid future debt.
In any event, it all boils down to what I said before – staying out of debt involved doing what y9ou can to avoid taking on new debt.
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