I have recently seen two references to steps to better finances. A post by Jessica at LifeAsMom.com mentioned 7 steps she feels are important.
I also recently read Flipping Burgers to Flipping Millions. It is a little over a 100 pages long and a quick read. It includes many ideas and tips about how to plan to get your financial life in order. In his book he discusses the Seven Unchanging Laws of money as:
1. Save…and begin saving early
2. Control your expenses
3. Make your money multiply…Invest
4. Guard your money against loss
5. Make your home an investment
6. Ensure a future income for yourself and your family…by developing a career, improving yourself and investing.
7. Work and study to increase your ability to earn.
Many of us know these things, but it is difficult to put into action.
As with changing any habit, start with baby steps. Choose one area of your financial life and take steps to change that area, instead of trying to change everything at one time. Once you have that area mastered, move onto another one.
Dave Ramsey talks a lot about needing to be gazelle intense when you are trying to pay off your debt. Jessica had a recent post about how they are being gazelle intense right now to cover expenses with getting rid of their rental property they own in a state they used to reside in.
You may need to make some sacrifices to get rid of your debt but it will be worth it in the long run. And the steps you take will help you stay out of debt in the future.