When debt consumes our life, we feel it everywhere -- in our bank accounts, at the grocery store, and most definitely in our marriage. But there are painless ways to get your life and finances back on track. Here's where you should start.
1. Quit buying on credit. Put your credit cards on ice (some people actually pop them in a bowl of water in the freezer), then stick to cash. If you can't afford to buy with what's in your wallet - or on a debit card - pass it by. Don't Miss: Been Laid Off? How to Keep Your Finances Afloat
2. Post your debts. Make a list of the amounts you owe on each credit card and tape it to the refrigerator. Next to each debt, write the interest rate and the minimum monthly payment required (or the larger monthly payment you intend to make). List the debts in order of size, the smallest first. (If you're paying off a big medical bill or student loan, include that too.)
Then, every month, pay the fixed amounts you put on the list. As the bills shrink,Read More »from 7 Steps to Living Debt Free