Working on paying off debt? common knowledge....
First off, I'm gonna put a plug out there for John Commuta. He created the Transforming Debt Into Wealth system for people that are in debt. The program is spendy but is well worth the money. If you are going to purchase it, think of your current bills first and see if you can afford it. If you can, and you do purchase it, You have to be commited to it, and follow thru with it.
Just a small taste of what comes out of the program; If you are looking to buy some property or a first time home, dont get a mortgage, pay cash. Pay cash for everything! He talks about how credit is a joke, and it is litteraly robbery! Lets say you get approved for a 200,000 dollar mortgage on a new house, and the term of the mortgage is 30 years. You will end up paying double what the face value of the house is after the 30 years. If you intend on buying a new home soon, stop! don't get that loan, back out of it a.s.a.p! Find some run down place to live for cheap and save what you can, over time, when you have enough cash, find a seller that is selling out right and offer cash, they will take it in a heart beat. Most likely what you offer in cash would be what they get after the real estate agent takes his commision.
Something else I have learned from John Commuta. Cut down on your designer clothes and start cutting coupons when grocery shopping. Buy expensive non designer clothing, they are durable and last much longer than cheaper clothing. Even buying a sewing machine would be a wise investment. You could make your own clothing for half the price from off the shelf clothing. Cutting coupons for grocery costs is an awsome way to save. I went to the local market last week with a list that totaled over $90. After all of my coupons, I only paid $15 dollars for everything I had in my cart. You do the math and see what I saved. Always make a list and stick with it. A grocery store is set up so that you have to walk past everything in order to get what you are looking for. Bread, milk and eggs are the three most common items bought at the grocery store. Go to your local market and locate those items. You will find that they are at teh farthest end of the building.
Since I purchased Transforming Debt Into Wealth just two months ago, I have save nearly $200 just by doing what he said on the CDs. It goes by a sensable knowledge of only buying what you need, and only entertaining yourself less than more often. If my wife and I stopped smoking, we would save another $280 a month.
Do a little home work for yourself. Save reciepts and total what you are spending on your usual budget for one month. See what types of items you bought and if there is anything to show for it (excluding food and transportation).