How to pay off your Debt?

If anyone thought it's impossible to pay off $70K of debt, take a look at this article. It talks about people cutting their everyday expenses to pay down their debt. If you have any debt, you have to get creative to find different ways to save - can you bring lunch to work? do you really need every cable channel? do your kids really need all the latest toys? can you make your own pizza rather than ordering one? Think of different ways how you can save and start SMALL. Start with the budget - budgets are important as you need to know what comes in and what comes out. And, don't forget to write down what you are spending every day. You may not notice it, but a cup of coffee every morning for a month does add up quickly. If you are in financial trouble, I would also highly recommend start watching Suze Orman show and "Til Debt Do Us Part" for general ideas on budgeting and reducing expenses. Suze Orman's books are also very helpful - you can borrow them for free from your local public library rather than buying.

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