What are some budgeting and planning tips I can use to help stay out of debt?
Start by getting organized – make sure your checkbook is up-to date and balanced, that you have a system for tracking and paying your incoming bills, and that you and your spouse/partner are on the same page in terms of your spending priorities. Next, work to prepare a livable household budget, one that does not exceed your take-home pay. Remember to account for emergency expenses, such as car repairs and medical bills, in your budget. Take control of your credit cards (one rule of thumb is that if you can eat it, drink it or wear it, you shouldn’t charge it). Finally, work to establish a savings account. It’s never too early to start planning, and saving, for the future.
