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Paying off debt and saving money are two very opposite but not impossible to combine them. There are several ways you can do to begin to pay off debt and saving.

Quite puzzling indeed start whichever comes first pay off debts or save. You can start to pay off earlier debts either bill or credit card debt lainnnya. Once you ‘clean’ from the debts start saving. These savings could be used to anticipate emergencies. Later you also should think about investing, but know in advance how many treasures that I owned and how many total expenditure spent.

Tracking Spending
The first step you should do is make a list of financial records all income and expenditure. This list you can use for one month and continue menarus make up one year until he could control the finances. After that you can compare between the total revenue by total expenditure. Ideally the amount of income is greater than the total spending.
Step 1:
Make a personal financial balance sheet that records all your debts starting from the largest to the smallest

Step 2:
If no, add the intangible property that you own, such as savings or other investments.

Step 3:
Add all the requirements you need in a single month. Then subtract the amount of your property with a total expenditure for goods and see how the existing funds to pay debts.

How to Build Savings

* Go to the bank and ask about your savings if you need to ask for the print data about your money. Just so you know what deductions will apply to your savings bank.
* If you have savings of more than one, give it a label on the savings. Categorize them according to needs, such as “daily needs”, “unexpected funds”, “savings” or “investment”.
* Make sure any record of your payment type on the financial list has been created. With so avoid double payment and the efflux of money on useless.
* If you can get a list of the balance between income and outgoings each month, then add in the expenditure of funds for unexpected costs.

How to Reduce Debt
* The trick is very easy to stop using your credit card.
* Pay your credit card bills and avoid the most substantial amount of “minimum balance trap.” Fitting time to pay so that no additional interest.
* Turn off the old credit card and never used again. Bring your credit card when you really want to buy the needs, if not stay home.