Okay, we have a serious problem. We have to come to terms with certain things in our world, that aren’t going away like we thought they would. We’re now a society that is over spending, and we don’t know how to stop, or what to do….and before the problem gets any worse, we really need to take stock of our lives, and our kids lives and stop the madness.

It is my true hope, you read this article and if one thing helps you make your life easier, then I’m all for it, and it was worth the time to write this. If you don’t get anything from this, then I hope you search until you do find something that helps you, stop the cycle of this problem.

First, you need to look at your situation and you need to stop the bleeding, so if you are spending more than you make, you need to stop…period. If you debt, but you have money in the bank, you don’t have a surplus, you still owe. I know I hear so many people saying they don’t have money, but they go to Starbucks everyday. If you spend $5 a day that’s $35 a week, and about $140 a month-$1680 for the year….just like that you have about $2000 you can put towards your debt.

Next, I’m sure you might have a credit card or cards with balances on, you need to stop using them and live within your means, so you can pay this down. Using your card to pay for trips, concerts, and dinners and not being able to pay it off by the end of the month, is called bad debt. You will not get wealthy, or comfortable doing this, it’s just that simple. I suggest you read a great book called “Rich Dad-Poor Dad” by Robert Kiyosaki, this is an excellent book and will shed light on your financial life.

Let’s keep this going. You need to pay off your cards as soon as possible, and a great trick is to pay as much as you can to the highest interest rate card, and then paying only the minimum on the other ones, and once you pay off that card, then you go to the next one. You do this until all the bills are paid off and you have no other cards, and then you can pay off your car if you have one. Please, do not try to build your savings, while your still paying off your cards, I know they say save for a rainy day, well that is for people that are debt free.

I real secret is this, get all your cards under 40%, so if you have $1000 then you need to get it to $400 or less, and then ask for an increase, and if you can and they raise the limit, you can transfer the amount from one card to another card, but you can’t go over 40% when you do this.

You have the power to get your financial life under control and getting rid of your credit, is the best thing you can do for you and your future. Become financially literate, and you will see the world from a whole new place.