STEP 1 - Take accountability

Think about how much time you put into your finances. I don't mean how much time you put into scratching your head because there isn't as much in your checking account as you thought. I don't mean time spent on hold waiting for the Gas Company accounts payable dept.. No I mean how much time to you devote to the REAL IMPORTANT ISSUES:

REAL IMPORTANT ISSUE #1 KNOW YOUR BILLS

You have to sit down with a calendar and your stack of bills (you know the stack -the one that you look through when you get a disconnect notice). Mark due dates for every conceivable bill with minimum amounts due. This is when most people scratch their head and say, "Yeah, I can afford that." No you can't.

Now you have to go back to the calendar and add the regular expenses, this is where you find out why you never can make the bills. Figure out what you pay throughout the week on grocerys and put that in on Saturday. Do you put $25 a week in gas, put that in Sunday. Any thing you pay for regularly, give it a fiqure and a day so you can count it. Now your problems are coming more into focus - BUT IT GETS WORSE.

Finally lets put a number on "incidental expenses". If you own a car you know that every other month you need tires or an inspection or a new fuel pump. If you own a house you know that at least twice a year a water heater will go or a roof will leak. Add up $100 for every car you own plus $100 if you own a home and then $100 for just the hazards of life and put that fiqure at the first of the month.

* NOW THAT YOU SEE HOW EXPENSIVE IT IS TO BE YOU REMEMBER TO BREATHE.

REAL IMPORTANT ISSUE # 2 - KNOW YOUR ROLE

This is real simple, your role is to pay all of these bills. No one cares if you have had a run of bad luck, your last boss was a jerk or that most of your credit card balance is accumulated late charges. In the long run this means you have to work harder to bring in more money. Spending more than you make is a conscious decision so you must decide to correct the problem.

IF YOU ARE UPSET AT THIS REALITY CHECK THEN CHECK OUT NOW - YOU CAN'T IMPROVE YOURSELF IF YOU WON'T LOOK IN THE MIRROR.

Credit Repair Self Help - Clawing Your Way Out

Credit Repair - Clawing Your Way Out

REAL IMPORTANT ISSUE # 3 - WHAT IS THE PLAN?

If you already have a plan it obviously isn't working. Now that you know how much money you need to pay these expenses you can do two things:

1. Make More Money, this is a no-brainer. Can you work overtime? Would a second job bring in enough to free you up financially? If neither is an option then you must consider changing careers. If you don't have a skill it is time to learn one. This is a long term process but it is the only way to assure success in the future.

2. Cut your expenses, this is what you can work on today. Does your calendar include lunch at work everyday? That should be the first to go, Americans eat way too much at lunch anyway. Do you spend $200 a week on groceries, buy London Broil instead of New York Strip, Kool Aid instead of Pepsi, whatever it takes to get that down to $100 a week. If you can cut enough of these regular expenses that you can cover your other debts you are in good shape. If you can't then you have to look at your bills and decide how you are going to reduce them.

Now we need to look at the Good, the Bad & the Ugly . Sharpen your knives because we are going to cut deep into your Free Credit Report in Step 2.

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