6 Habits for Highly Effective Debt Avoidance
The Commerce Department just released its 2006 personal-savings figures. People didn’t save. In fact, nationwide they spent 1 percent more than they earned. That’s the poorest showing since the Great Depression, and it’s getting worse. So if you feel you’re contributing to this troubling trend, I have some ideas to help.
The facts suggest we all need to take some bad-tasting medicine for getting — and staying — out of debt. As the expression goes, when you’re in a hole, stop digging. If you’re in debt, that means putting a halt to the behaviors that got you there. If you’re out of debt, it means leaving the shovel alone.
But it’s not as easy as it sounds. First, it takes an understanding of the problem and its causes. Then it takes some committed behavior from you and family members to change.
It has tips that we are giving here at MoreMerchant.com all the time. Money saving tips such as:
Living Below Your Means
Paying All Bills Each Month
Having an Emergency Reserve
and more
Read the rest.
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