Anyone suffering under the crushing weight of debt knows how impossible it can seem to find a way out. It’s overwhelming – and the more complicated the proposed solution, the harder it is to stick with it. That’s why “The Debt-Free Spending Plan” is simple. It doesn’t require sifting through chapters of high-minded financial advice or digging up your past spending history. It assumes you need help right now, and gives it to you. You will learn to: downsize expenses without feeling deprived; allocate money as it comes in and put together an easy-to-manage bill-paying plan; adjust for inevitable overspending; and, pay off debt without gouging expenses and (believe it or not) start saving. The plan is clear, easy, and takes just five minutes a day-and it doesn’t matter if you make $14,000 or $14 million. With straightforward daily spending strategies and effortless expense tracking tools, you will soon find yourself on the road to financial freedom-all before the next billing cycle.
Interesting personal finance discussion At first glance, an easy enough system–determine your income, divide your expenses into categories, fund your bills and monthly needs and make the balance work for you in a meaningful way.However, the example on pages 42-43 is more than interesting. The $3,184 cash income was a standout. Most incomes have federal, state, and local taxes, FICA, Medicare, and personal health care subtracted from them…at least 35%. In this case, the example probably grosses more than $48,998.00 a year,…
If you are committed to conquering your debt This is an excellent book for anyone who is totally committed to living debt free. The approach is simple but far from easy. If you think there is some easy gimmick, some magic trick which will erase your debt, this book is not for you. This is a very hard nosed approach that really works. But for this approach to work takes total commitment on your part. As Yoda says, “Do or do not – there is no try.” You must embrace the idea to be completely debt free. Half way will not work…