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

Cut Your Credit Cards and Set A Budget

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%.


  1. That is true, but it's not that easy.

  2. I have a few credit cards but I don't keep a balance on them! I'm trying to build my credit for things like buying a house or car in the future.

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