Reply #6: I'm the type of guy that if the cash isn't there to back me up well..... [View All]

I put off making purchases. Don't take your savings and dump it into paying your bills unless its an absolute last resort. I use my credit card to keep track of what I spend and pay it off each month. If your credit card debt is costing you 12% or greater in interest you need to get rid of it quick. I would then tap my saving to get rid of it or find a way to restructure it at a lower interest rate. Lots of credit card companies advertise on line find the cheapest rate possible. If you had automatic deposit at work my suggestion is to send some money to your check and savings accounts each week. If you don't see it your not going to spend it. I would also really look at what you spend each month; Is a cell phone necessary? Are there things you spend money on that you don't have to? It is wiser to pay yourself each month, with the automatic deposits then to blow it on stuff that is not necessary. Make a budget and stick with it no matter, once it become a habit, its easy to live with. I'm a saver but I do at times spend money. Saving is the mind set to get in. Its what a parents (well maybe grandparents) did to make it.