Money Management

Personal Finance Tips
From the Debt Diva

Personal Finance Tips from the Debt Diva.

Here is a video the Debt Diva did to start off 2010 - although it applies to any time period.

Some lessons to learn from the video:

Look back over your last years finances to budget for this year. This will give you an idea of how you spent your money and you can see where you can cut back.
Use worksheets and filing systems to keep organized. Budgeting software works too - We love YNAB
Look money saving ideas. - THere are many ways to save money - after all a dollar saved is a dollar earned!
Stop using Credit Cards and go to a Cash only system. I love this one as if you aren't using credit cards, you aren't accumulating more debt!
Find ways to make more money to pay down debt or increase your savings. Pay off debt in chunks and you won't have as much interest to pay, or will it take as long to get out of debt.
Make paying off your debt a priority. The ONLY way you will pay it off is if you make it a priority. Make your get out of debt plan and stick with it!.

Clarky Davis is the Debt Diva. She is a lead credit and debt management expert with CareOne and has been seen on Yahoo, MSNBC, MarketWatch, and Fox News. She has overcome her own issues with debt and budgeting and shared her journey along the way. She teaches people how to be frugal and fabulous!

She offers some great tips, pocket guides and frugal lifestyle guides. You can find Pocket Guides about budget planning and finances, and guides to save money on groceries, pets and fitness.

I visit her website often and follow her on twitter and Facebook. I like her upbeat and whimsical way that she deals with money and debt.

She always has great personal finance and frugal living tips. As she says on her twitter page "FRUGAL is the new black".

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