Nothing like being brief and to the point. so I thought I’d summarize some of the points and issues I’ve written about in the last few months.

• You are in debt because you’ve spent more than you make.
• Your responsible for getting into debt and for getting out of it.
• You need to be on the same financial page as you spouse.
• There are reasons, both internal and external for this overspending.
• To get out of debt the first step is to stop accumulating debt immediately.
• Add up all your debts and figure out how much debt you have.
• Create a budget and personal financial statement
• Do some research and come up with a plan to get out of debt. Visit the library. Reduce your spending and work to increase you income so you make more than you spend
• Avoid credit cards and credit card companies. While your at it beware the insidious debit card.
• If you in trouble don’t ignore the problem. Talk to your creditors
• Keep track of your spending so you can reduce spending further.
• Awareness is the key to reducing your debts.
• Pay off you debts one by one
• Be persistent and consistent in your efforts.
• Don’t be discouraged by the long journey to debt Freedom.
• Save a cash cushion to carry you past life’s unexpected big expenses.
• Break your larger debt problem in to small pieces and work those pieces. Divide and conquer.
• Pay more than the minimum payment
• Be flexible. Sometimes you need to change course slightly to get to your destination.

That’s it for now. Blog you later.