How can manage my budget when I am on a debt consolidation program?

Question

Note: relating to nonsense spending!!

Answer 1

It's all about discipline! We are all guilty of spending on things that we really don't need. You should really consider a long term savings plan that you do not have easy access to. You could choose a 401K plan or Roth IRA or just a savings account in another city (or state) where you make automatic deposits to. You cannot spend money you do not see and after 5, 10, 20 or more years you will have a nice retirement fund or emergency fund (or both). You should consider the value behind any purchases that you do make and I am not saying to go without "treats" but limit the treats. It's okay to have one credit card but use it for emergency needs only and pay it off asap. If you will work with cash instead of plastic, you'll be more tuned to watching the money slip through your fingers. None of us can tell you how to live. What works for me won't work for you so you have to find systems that work for your lifestyle. Some people want all of the cable channels available while other households can get by with basic cable. Some families don't have cable at all. Examine each category of spending that you have and look at ways to reduce those categories; however, don't forget about the tip on savings that I mentioned. Can you find lower priced housing or refinance? Do you use store coupons on items that you regularly buy? Can you take on a part time job or business for more income? Don't spend money you don't have (credit) and you can get debt-free and stay debt-free.

Answer 2

Once you got on this debt consolidation program this should of became your new budget. In other words this program should make you understand that you do need a strict budget. If you have a trusted friend or family member in your life give them money to put away for you. You can open up an ATM only account with one card. Give that card to the person you trust the most (NOT A BOYFRIEND) every time you get paid give them something even if it's only $5 to deposit in your account before you know it you'll be financially stabled. After you saved a lot of money then throw that money into a CD this way you won't run to the bank every time you need a new pair of shoes, good luck ms millionaire.

Answer 3

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