People all over the world are looking for debt help and advice but don’t know how to get out of debt. It’s a common issue and you would be surprised with the number of people that are in debt today. And I don’t mean a casual car loan – but a full blown, stressing and pressuring type of debt. If that sounds like you then you need serious debt help.
Friday, April 29, 2011
Every family that finds themselves in debt should cut up all their credit cards and live on a cash budget, keeping a log of each and every expenditure made. Use the following formula to set a budget. Keep in mind that the "life" category includes is everything from groceries, to gadgets to entertainment. Housing: 35%, Debt: 15%, Life: 25%, Transportation, 15%, Savings 10%.