The first step to solve a problem is stop making the problem becomes big. This is the best way to control a problem.

Getting out of debt is same. If you want to get out of debt, then you must stop acquiring new debts. New debts only make your problem becomes out of control. Stop Dig Deeper in Debt will be the first step for your to achieve Debt Free Living!

How to Stop Acquiring new Debts?

Generally, there are a few ways you have to follow to change your life and habits in order to stop acquiring more debt.

1. Control Your Credit Card Usage. Credit card is too convenience and make us feel no pain to spend money. This is because you pay the bill later. Credit card is just like a knife. If you are free of debt, then it is a great tool for you to buy something. However, if you are in debt, it will be a trap that makes you go deeper in debt and out of control. So first you must control your credit card. If possible, try to cut them up and never use it before you are out of debt.
2. Start a Budget. Maybe you feel that starting a budget and live beyond your means is tough. However, it really works. Budget is just like exercise in your weight-loss program, it is tough but it works effectively. Start a budget that concentrate more on paying off your debt and control your money spending habits. This is the main target for you in the budget.
3. Be rational and not emotional. People fall in debt because of their emotional spending like compulsive shopping and etc. Yes, I also admit that controlling our emotion is very tough but if you have a strong desire to get out of debt, your rational thinking will control your emotion. All you have to do is just keep pushing your rational thinking to win. If you repeat the step several time, then rational thinking will be part of you and always control your emotion. Please read my post How to stop compulsive shopping to find out more strategies to fight your emotional buying.
4. Start an emergency fund. If you read my article reasons why people are in debt before, you will know that we might get into debt due to unexpected incidents happen in our life. So start an emergency fund to protect us from this kind of disaster and fall into debt innocently.
5. Pay your debt first. This is a way that I’m using to fight debts. Each month, I set the auto payment system to pay all my debt first. This will limit the amount of cash on my hands and hence reduce the shopping power. This is working with my family on our project of getting out of debt.
6. Know why you must get out of debt. Again, WHY is the most important reasons we do something. You must have a good and powerful reason to get out of debt. This is the power of motivation. For example, my family wants to get out of debt as soon as possible because we want to buy a house for our family. So each member in my house work together to fight the debt.

Additional Step: Start Now and Not tomorrow

Procrastination is the biggest blocker to success. If you want to get out of debt, start now and not tomorrow. If you always procrastinate, there are no people in this world can help you. Anyway, it is your decision to be rich or be poor…..

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