Stop Overspending

Getting out of debt is not easy. You have to make sacrifices to start repairing your debt. Stop buying all those designer brands. They're nice to have but they are the source of your debt. In the process of getting out of debt, don't slip and buy the things that you used to.

When you've gotten yourself out of debt and all the bills are paid, buying a nice thing or two is okay. You work hard to earn you money so take some time to enjoy it. A lot of the time though, you've already bought a lot of nice things and "charged it" because you "had to have it". If you really need something, in order to stay out of debt, make sure you pay cash.

I do agree with what you say Jerlene. Last time I always spend my money more on branded stuff. After starting my career, having own money, I realized that I don't really need that branded things. Enough to use cheap or normal price things, but still in good quality. Branded thing just make us caught in debt while we're not really need it. We must think only on the things we need, not what we want.

I never do that because i know how hard i earn and get money today. i need to work a lots and do many thing before i can get a single dollar. Many people said i'm crazy because work to early. But they never know that its really hard to have a debt and in the same time need to study. So, if i have no money. I cannot continue study, pay bills, pay car loan and pay student loan. So, work is necessary for me.

The expenses should always been lower than the income for a certain span of time or elese you will get debt. Creating a positive cash flow is no that hard as long as could control your emotions because those are the factors that you impulsively buy things you dont need.

i think you should set the amount of money you whant to spend on things to enjoy yourself....just like a deposit for bad days....but this one would be for enjoyment ....maybe you woun`t spend it every month but when you`ll need it you can spend it all without any repercutions.

Repaying of debt is not at all an easy business to deal with. We should first make some changes in our life like switching our branded T-Shirts, watches etc. Loading free softwares in ur computer rather than going for some costly softwares as they are more or less almost same.

That's good if the source of your debt is from overspending.  However a lot of the time the primary cause is a student loan, medical bills, loss of job or other circumstance that wasn't planned for.  Cutting out any luxuries is always the first step, but it's not always the only step.