When I began my path of getting out of debt I decided to get my life in order. Not only getting my financial life together, but the physical, emotional, mental part of my life. People who stay in debt fail to get their finances and life in order.
Step #5
One of the things you need to get your financial life in order is a budget. The word "budget" often puts people in panic mode. Having to cut back or pull in the reins on their spending scares people to death. They would rather stress over debt than have to curtail their expenses. Many people don't want to start a budget because the don't want to face reality. They don't want to know exactly how bad off they are financially. Also, people are often raised by undisciplined parents who did not live a financially conscious lifestyle. They don't even know how to start a budget. It's scary for them. For many it delivers the harsh reality they just don't make enough money to make ends meat. Having a budget means they have to stop their overspending and that they can't have the things that they think they just can't live without. People who stay in debt are just not willing to cut back and would prefer to remain in debt for the rest of their lives. I chose to get out of debt and therefore I did. Start planning your budget now and start living a debt free life. You can do so at personalbudgeting.com.
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