| The way to more spendable money is not | | | | recommend only using savings and not something like |
| complicated. You either decrease expense or you | | | | a 401(k). In a case such as debt elimination, it can |
| increase income. Decreasing expense is the subject | | | | make sense to convert a 3% savings account into a |
| of numerous other articles at this site. Increasing | | | | debt free life style. However, using savings to pay |
| money and doing it through a common sense | | | | off debt so that you can create more debt is insane. |
| approach is the current subject. | | | | Savings, though, is an option. Just remember that |
| How Much and Why? - Without an objective, how | | | | America is truly in a state where our debt far |
| will you ever know when, or even if, you ever | | | | outweighs our savings. And a crunch may well be |
| arrive? And without a plan, you will be setting a | | | | coming. If you have no savings and an emergency |
| course without any idea of what direction to choose. | | | | hits, what will you do? |
| Therefore the first common sense questions are the | | | | Sell Something - View your assets. Do you have |
| following: | | | | properties big or small that you can relinquish? Can |
| What are you trying to do? | | | | you advertise the item especially for free or have a |
| Are you seeking short term or long term money? | | | | garage sale or join with others for a joint garage |
| Do you need a monthly stream of money or a lump | | | | sale? Can you market your own services selling |
| sum? | | | | yourself? Is there a local e-bay broker? |
| How much money do you need and by when? | | | | Salary Increase - How could you get a raise on your |
| How will you use this additional money? | | | | job and how soon? Is it worth it? Are there other |
| Do you have a spending plan (budget) to know for | | | | jobs that pay better for doing the same thing? Is |
| certain what you need? | | | | there a part time opportunity available? BTW Be |
| Existing Money - There are always multiple ways of | | | | careful of opportunities that sound too good to be |
| accomplishing the same thing. And common sense | | | | true. |
| truly needs to be supreme. What are you doing that | | | | Added Income - This was the option I chose. I |
| can be changed to save money? | | | | wanted an additional income that I could earn in my |
| There are numerous articles at this site and | | | | spare time from my computer and therefore I took |
| elsewhere on the web designed to save money in | | | | advantage of the option at the top of the page right |
| your lifestyle. You simply must be motivated to find | | | | above the article title. There are many options |
| the new ways of doing things and changing habits. In | | | | available but I found this to best fit my needs. |
| other articles I demonstrate how you can find 10% | | | | Pueblo - Federal Citizens Information Center (1-888 |
| of your gross income to pay off bills by simply | | | | 878 3256) offers a multitude of publications loaded |
| altering your lifestyle. And in still other articles I | | | | with advice on saving money, employment, housing |
| demonstrate how the average American can give | | | | and a great deal more. |
| themselves a 40% tax free pay increase by | | | | Now it's up to you. If you are serious about more |
| eliminating all their debt including their mortgage in less | | | | money, make it a priority and work towards that |
| than 8 years. | | | | end. But first of all re-read the first paragraph "How |
| Savings - If cash flow is the problem, I discourage | | | | Much and Why" |
| tapping into such things as life insurance, 401(k), or | | | | . Readers will probably be interested to know Mike, |
| even your savings. The tax consequences and | | | | the author of this article, also offers a free debt |
| payback can be devastating. The exception to the | | | | elimination mini-course via e-mail. You can enroll at |
| rule may be to pay off all debt and even then I | | | | Debt Free In 7.5 Years. |