Your Future without Debt!

There is a lack of financial and investment education in our schools, among the many things not taught. If you are a high school graduate that doesn't know much about finance, except how to write a check and balance your check book, investing or saving for retirement is probably something you haven?t given much thought to. So here is some advice:

Eliminate Debt

To best eliminate debt, calculate and make a list what you are spending on each debt payment and who you have it with. Make a commit to that amount by permanently adding it to your budget. This part of your budget, I like to call debt payoff money, cannot change until you pay off all of your debt for this method to work best.

If you have any money left over, get a raise or are rewarded a bonus, add it to this budget item. Do not go out and blow it. The most important factor to eliminating debt is to not add to it making purchases you really do not need. That's how you got yourself in debt. If you can't pay for it cash, you don't need it.

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