Saving Money
It is important to learn how to properly save money and get in the
habit of saving regularly. This will help you to avoid creating more
debt in the future and to plan for emergencies. As you get to the point
where you can re-allocate a portion of what you had been using to pay
down your debt into a savings account you should set up a seperate savings
account and start depositing a set amount each week or month. To prevent
yourself from spending the money before you acn save it it's best to
move the money to the account first, before you pay any other bills.
This is known as "Paying yourself first", something that you
will need to do if you want to get to the next level of debt elimination.
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