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debt consolidate loan

Financial talking heads on television and radio try to tell youhow to get out of debt, stay out of debt, or what dance steps touse to avoid debt. Just about everything they say is the wrongthing. I don’t mean they are lairs and you should ignore them.Actually, many of their ideas do make sense. They are wrong whentalking about because they say “live within your means”. Byfocusing on this phrase, what they are not telling you becomes asecret - the true secret to avoiding debt. Do you want to knowthe secret? If you didn’t, why are you reading this? The secretto getting out of and avoiding again is… Living belowyour means. I’m serious that this is the true secret to stayingout of debt. If you live within your means you are spendingeverything you take in. While this avoids going deeper intodebt, it will not dig you out of or keep you out. Livingwithin your means is like walking on a treadmill, you work hardbut you fail to go anywhere. How do you live below your means?The best way is to create a spending plan. This can be a simplehand written graph listing your expenses or it can be as complexas a fancy computerized program tracking every dollar you spendthrough PDA and laptops. I prefer the Spending Plan Creator atSlave2Work.com, it’s flexible enough to be used on yourcomputer, or to be printed out. Why is living below your meansso important? When you live below your means you are generatinga surplus amount of money each month. This surplus is money youuse to pay extra on your debts until you are free. Thissurplus can be used to build an Emergency Fund, develop asavings plan for your children’s college or prepare for yourretirement. Living below your means is the real secret topersonal financial success. It also will not come easy. Wepeople like to live as high on the hog as we can. However, thisdoesn’t help us have a surplus each month. You might have tomake some difficult decisions to produce a steady supply ofsurplus money each month. How difficult of decisions? You mayhave to sell your house and move into a smaller rental. Perhapsyou will sell one car, stop eating out except for specialoccasions, come home from work instead of stopping by the bar oreven taking on a second job. Be careful of the second job,though. It comes with more taxes, stress and its own set ofissues. When you are done reading, I want you to think aboutwhat you can do to start creating a surplus this month. Whatplans are you going to make, and steps you will take to providea



surplus to pay off your and begin a regular savingsprogram? After you have thought about them, go talk to yourspouse about creating a surplus. When you are done talking,writing the surplus creating plan down and hang it on yourrefrigerator. If the two of you work together, you will be ableto conquer your debts and put your family back on a securefinancial footing.

About the author:Roger Sorensen is America’s Financial Guide. Learn more at hiswebsite www.Slave2Work.com – ask and receive answers to yourpersonal finance questions, read his writings, or join thenewsletter Money Basics. “How-To Be Free!” is now for sale,read about it today at www.Slave2Work.com/debtfree.html