This post originally appeared on No More Spending in November 2008
My Top 10
1. Stop using your credit cards - cold turkey
2. Keep a spending diary and examine every area of your spending
3. Reduce your grocery spending
4. Menu Plan
5. Sell anything and everything - snowball your debt
6. Educate yourself about personal finance - borrow books from the library
7. Start blogging or join a forum - this provides extra motivation
8. Organise yourself -missing payments only adds to the debt
9. Live frugally
10. Increase your income
What about you, what others would you add?
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Use what you have: shop in your pantry and wardrobe and toiletries rather than going out to get more stuff.
ReplyDeleteGo to the charity or thrift or op shops - depending where you are in the world - and see if you can find what you really need rather than buying new.
Cheers, Lynda
Thanks Lynda; all good tips :-)
ReplyDelete