In this economy a lot of people are having financial problems. Most of the people are those who are on low income because their income is not enough for the things they need and wants. Even people who earn much if they don’t know how to budget their money, they were having hard time to stay out of debts. But there is always ways, I know it is tough at first but if we try and do our best it can be done. If you we stay out of debt this will make our life easier and stress free. Here are some tips that might help you and me.

* Make a summary of all your debt – You need to make a list and make a priority what are important things you need to pay. You have to consider the basic needs such as food, rent and utilities when there is money left you can decide or divide the money to pay some of your debts.

* The best way to pay off your debt is to settle the little debt first then if you have extra income or money you can settle the huge amount. Make sure if you have credit cards or loans you should make a minimum payments. We have to use our initiative which is important and decide.