1st Step in Getting Out of Debt – Creating a Budget Part 1

Let’s face it- almost everyone has debt.  Statistics say that more than 80% of American families are in debt. Mortgages, college loans and  auto loans are all forms of debt.  While those are all legitimate expenses, the reality is that the bank owns your home or car. In the event of long term job loss most families would lose their home and cars because they can’t continue to make payments-even if they were 95% paid!  The only solution to this mess we as Americans have gotten ourselves into is to stop buying things we don’t already have the money for.  That means living within our means.  If you own anyone money for anything, you’ve got to pay your debts before you

Step 1 Make a Budget

Budgeting Step one- Know what you have to spend and where you are currently spending it