Step #9 Look for ways to cut your expenses or increase your income: Okay, I know increasing your income is IDEAL but hey, it could happen. Want to know how to cut your expense? Use a budget! This is how I do it:
Add up all of your monthly bills , the most important, HAVE TO GET PAID ones first (mortgage, rent , utilitiies etc.) then all of the others that aren't really needed (cable, gym membership etc.) and combine.
Then add up your monthly income. I usually do 4 1/2 weeks just to be safe. Then subtract the two. You shouldn't come up in the negatives.
This is where you can see what isn't neccessary and then cut it out, or at least cut back.
Do you really need HBO? Why don't you try renting from the library? Are you actually going to the gym? Maybe you could workout at home.
This way you will have more money to pay off your debts and then , SAVE.
