As you look into your debt relief options, you know that the key to staying out of debt in the future is to create a budget and stick to it. The first part is easy; you've tried it already. The second part is where it gets difficult. How can you actually stay on budget and get control over your money?
Here are a number of helpful tips:
- Put money into savings automatically. You can use your online banking system to set up weekly transfers that happen on schedule. Without that money sitting in your checking account, you're less likely to spend it.
- Use auto payments for your bills. Using a credit card wisely can help you build up your credit score, and one way to do that is to automatically pay your bills every month. Then you simply pay off the card at the end of the month and you know you did not forget anything.
- Always round up. Tracking exact numbers for your budget can get complex, and saving receipts is frustrating. Instead, just track your spending by rounding up. $12.17 for a pizza becomes $13.00. When you add up your budget, you know you'll have enough -- and even a little extra.
- Have an emergency fund. Your budget should not max out your earnings. Leave a little bit extra for those things you cannot predict, like car repairs. Don't let one incident ruin the entire budget.
These tips can certainly help you moving forward. At the same time, make sure you understand the legal debt relief options that you have available to you.