So, it is a new year and you want to change your ways and transform your financial life. As I've stated before, you must follow some steps.
I will go over step 2: Stop Adding to debt.
So, what does that mean exactly?
You will want to stop using your credit cards. Pay cash instead. I know that may be hard to do, as it is so much easier just to "pay later". I honestly believe that if you don't have money to pay for it in cash (or debit card) than you shouldn't buy it at all!
Don't apply for new credit cards, lines of credit, New cars,etc... You don't need those things. Start paying off your existing debt and start increasing your savings.
If you think your car is going to "die" so to speak, in the near future... Then, start NOW saving for a car. You will feel so much better being able to buy one in cash without financing it. Your wallet will thank you,too! Really think hard and long if you really need that 2010 brand new shiny car!!
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