Plan YOUR work! Work YOUR plan!

My personal and professional motto is Plan YOUR work! Work YOUR plan!

My dad tells me this all the time...and he got it from his mother. Everything I do in life, I try to have some sort of plan for every situation. I'm a Capricorn, It's in my nature to be a planner.

Planning is a great way to get out of debt and stay that way. You develop a plan to attack your debt, your budget, and your savings goals. You plan as best you can for emergencies. You plan for vacations. You plan for new clothes. You plan...

The plan always changes, so you can't take it personal. Keep planning until you find a plan that works best for you.



From the blog Cash The Checks, here are some ideas for your planning:

- Write down all of your debts. use your credit report as well as your statements to see what you owe. Write down who you owe, what kind of debt it is and the amount.

- Create a budget. In order to tackle your debt, you need to set money aside to pay it down. But first, you’ll need to see where your money is going to see how much you can contribute towards your debt.

- Be patient. While it may have taken 1 year to accumulate this debt, it can take you many more years to completely wipe it out. Don’t be discouraged. This plan you’re creating just proves that there is light at the end of the tunnel.

-Decide what to pay first. You’ll want to tackle your worst debts first. Try paying off those with the highest interest rate first. If you have some smaller debts, get rid of those as soon as you can too. This can have a psychological benefit and, if listed on your credit report, will have its status changed to paid which will raise your credit score.

- Savings. While the goal is to pay off your debt, you should not ignore your savings account. In fact, the lack of having any savings is likely the reason you’re in debt. Unless you keep your savings account funded you’ll just continue to rely on credit.

- Sell your stuff. We all have a lot of extra junk we don’t need. Now is the time to get rid of it. Have a yard sale. You can sell gold, sell diamonds and other jewelry. Put up your old electronics on eBay. You will declutter your home and make some money in the process.

Do you have a plan for your financial and personal lives?