The ugly "B" word

One of the interesting things about getting out of debt is how the majority of experts will tell you to form a budget.

Ah, the dreaded "B" word. One of the most frightening things you can ever bring up is the term "budget".

I don't agree with all the experts. First, you don't need a budget to get out of debt. Yes, I agree, it doesn't hurt to have a budget. But, the most important thing you can do is pay off your debt whether you have a budget or not.

In my Debt Free living, the kit, I talk about several strategies to get you out of debt. A budget is nice but not imperative. Take my $15 dollar a day strategy for example.

Most folks make their bills on time they just have difficulty and are in debt up to their eye-balls. Paying an extra $15 dollars a day has the same effect as using a budget to pay off your credit cards in a short time.

If you want an easy way to develop a budget here's an easy tip. Go through your check register, or your bank statement, or get a print out from your bank. It will show all your debits and checks and where the money went.

Once you know where the money is going you can make a simple change or two. Want a few extra dollars? Locate money spent on junk and save those few dollars. Take those few dollars and put those dollars toward your credit cards.

Remember to take one credit card at a time. I recommend paying off the lowest balance first, then the next, one, and next one. The most inspiring and motivating thing you can do is to achieve success fast. The quicker you pay your first credit card the better you feel and the more motivated you get.

Even if you never develop a budget just take the savings from wasted spending and or the $15 dollar a day strategy or both and apply it to your debt and you'll be debt free quickly without even going on a budget.

To Debt Free Living!

David...