Want to know how to get out of debt? Stop debting!

After reading Jerrold Mundis book I was enlightened when he brought out this point "The way to get out of debt is to stay out of debt." Pretty obvious right? But how come it's so hard to do? How do you do this? Well you have to tell yourself that you will not create anymore debt;meaning you will not borrow any more money. Are you one of the constant borrowers? Do you have someone that enables you which pretty much means they come to your rescue and loan you money? If so, you are debting. Debt is a habit and habits can be broken. You just have to learn self control. Try to eliminate the things which might cause you to get into more debt. Think about how you got yourself into debt the first place and than try to avoid it. If you carry your credit card with you learn self control or don't carry it with you. If you are afraid to carry cash load your money onto a prepaid credit card or a secured card. You cannot get into debt because you can only spend the amount that you have on there and it works like a debit card. Try to not get into debt for today and the next days. Jerrold Mundis says to do this just tell yourself everyday you will not incur any debt for today and only today and that you are okay, still breathing still living life. You owe creditors money not your life and they cannot harm you physically. He also says never to file for bankruptcy because you will still be miserable. You will still feel ashamed and depressed. The reason for this is because everyone knows what Bankruptcy means. Being in debt doesn't mean it's the end of your future. It's the habit of debting that needs to be broken.

Tips to avoid debting

Don't borrow money
Don't buy what you can't afford
Spend only what you have

Example could be signing up for service (cable or cellphone) and having it billed when you know you can't afford it.
Financing a car when your income doesn't cover it
Signing up for an offer when you won't be able to afford it monthly

As you can see you can get into debt many ways. If you really want to stop debting start using cash and spending only what you have.

Good luck!

After reading Jerrold Mundis book I was enlightened when he brought out this point "The way to get out of debt is to stay out of debt." Pretty obvious right? But how come it's so hard to do? How do you do this? Well you have to tell yourself that you will not create anymore debt;meaning you will not borrow any more money. Are you one of the constant borrowers? Do you have someone that enables you which pretty much means they come to your rescue and loan you money? If so, you are debting. Debt is a habit and habits can be broken. You just have to learn self control. Try to eliminate the things which might cause you to get into more debt. Think about how you got yourself into debt the first place and than try to avoid it. If you carry your credit card with you learn self control or don't carry it with you. If you are afraid to carry cash load your money onto a prepaid credit card or a secured card. You cannot get into debt because you can only spend the amount that you have on there and it works like a debit card. Try to not get into debt for today and the next days. Jerrold Mundis says to do this just tell yourself everyday you will not incur any debt for today and only today and that you are okay, still breathing still living life. You owe creditors money not your life and they cannot harm you physically. He also says never to file for bankruptcy because you will still be miserable. You will still feel ashamed and depressed. The reason for this is because everyone knows what Bankruptcy means. Being in debt doesn't mean it's the end of your future. It's the habit of debting that needs to be broken.

Tips to avoid debting

Don't borrow money
Don't buy what you can't afford
Spend only what you have

Example could be signing up for service (cable or cellphone) and having it billed when you know you can't afford it.
Financing a car when your income doesn't cover it
Signing up for an offer when you won't be able to afford it monthly

As you can see you can get into debt many ways. If you really want to stop debting start using cash and spending only what you have.

Good luck!

How to Get Out of Debt Stay Out of Debt & Live Prosperously

This book is rated 4 1/2 Stars and many people are saying it has really helped them get out of debt and live prosperously. I first stumbled upon this book when I was at my local library and when I started reading I was hooked. The author Jerrold Mundis has a way with words. Normally with books like these the author is scolding you for being irresponsible. That's what I like about this book he makes you accountable but in a nice way. There are also examples of people that were $240,000 in debt but with the techniques they have taken back their life. Pretty much the book is saying no matter how much debt you have you can get out. It is very inspirational and the author really connects with you to get you motivated. I checked the reviews and there are testimonials of real life people; just like me and you that have been able to change their life. I am not completely done with it but was just so intrigued and wanted to share.He talks about putting your bills in a box for 30 days and also how to really keep track of your spending which also allows you to see areas in your life you may need to improve. I'll be buying it just to refer back to it. If you want to read more you can try to find it at your local library or order it online or a bookstore.

This book is rated 4 1/2 Stars and many people are saying it has really helped them get out of debt and live prosperously. I first stumbled upon this book when I was at my local library and when I started reading I was hooked. The author Jerrold Mundis has a way with words. Normally with books like these the author is scolding you for being irresponsible. That's what I like about this book he makes you accountable but in a nice way. There are also examples of people that were $240,000 in debt but with the techniques they have taken back their life. Pretty much the book is saying no matter how much debt you have you can get out. It is very inspirational and the author really connects with you to get you motivated. I checked the reviews and there are testimonials of real life people; just like me and you that have been able to change their life. I am not completely done with it but was just so intrigued and wanted to share.He talks about putting your bills in a box for 30 days and also how to really keep track of your spending which also allows you to see areas in your life you may need to improve. I'll be buying it just to refer back to it. If you want to read more you can try to find it at your local library or order it online or a bookstore.

Cutting Back

In the previous posts I had talked about how the best way to get out of debt was managing money to keep more in your pocket. Today I am going to talk about ways to do this. There are things that may seem like a little but can save you a lot if you cut back.

1. Are you an avid coffee drinker? Instead of spending 2-5 bucks on coffee invest in a nice coffee maker. You will avoid the lines and it's more convenient.
2. Are you one of those people that use many electronics at once? Such as do you have the tv on and your computer or lights? Cut back on your energy usage and will start to see your electric bill decrease.
3. Are you a bookworm? Do you buy books? Why not try checking out your local library to see if it's available? or you can even search for a cheaper but used one on ebay or amazon.
4. Instead of eating out all the time buy in bulk so you can prepare foods at home. Buying in bulk saves money in the long run and you don't have to keep making trips to the store which will save gas.
5. Invest in an entertainment book. My husband and I love this book and buy it every year. You can save on just about everything, restaurants, movies, shopping, car repairs, attractions, dry cleaning etc. The book has already paid for itself:)

Special promotion
35% Off the 2009 Entertainment Book and Free shipping!


6. Shop for deals
7. Clip coupons
8. Look for promotions.

Good luck!

In the previous posts I had talked about how the best way to get out of debt was managing money to keep more in your pocket. Today I am going to talk about ways to do this. There are things that may seem like a little but can save you a lot if you cut back.

1. Are you an avid coffee drinker? Instead of spending 2-5 bucks on coffee invest in a nice coffee maker. You will avoid the lines and it's more convenient.
2. Are you one of those people that use many electronics at once? Such as do you have the tv on and your computer or lights? Cut back on your energy usage and will start to see your electric bill decrease.
3. Are you a bookworm? Do you buy books? Why not try checking out your local library to see if it's available? or you can even search for a cheaper but used one on ebay or amazon.
4. Instead of eating out all the time buy in bulk so you can prepare foods at home. Buying in bulk saves money in the long run and you don't have to keep making trips to the store which will save gas.
5. Invest in an entertainment book. My husband and I love this book and buy it every year. You can save on just about everything, restaurants, movies, shopping, car repairs, attractions, dry cleaning etc. The book has already paid for itself:)

Special promotion
35% Off the 2009 Entertainment Book and Free shipping!


6. Shop for deals
7. Clip coupons
8. Look for promotions.

Good luck!