Yes cut up those Credit Cards or at least have one for emergencies. Keep one with a limit of $200 then you can pay for it. And then charge up again without the risk of becoming overwhelmed in debt.

Do not have one with thousands of dollars, this will increase the risk of more unpayable debts, and you risk theft of more money.

The majority of people have been overspending for years. The banks used to control how much we could borrow when we could afford it. They protected us from falling into the out of control debts. Now they deliberately offer everyone more and more money, continually increasing the amount we can borrow on our credit card. I believe they are to blame for the credit card debt explosion.

If you are one of these people, then cut up your credit cards now, yes right NOW. You will never have a better chance to help yourself win the fight against your debts, than now. Every week pay as much as possible off that card until it is paid up. Now you can start to live again.

We all want the best, and yes, you can have it. The thing is you need to start small. Buy a small two-bedroom home in a less expensive area. Pay as much as you can afford off the loan every week. This will reduce the debt by thousands of dollars. Now take photos of the whole house and yards.

Improve Value of your Iinvestment

You do not have to rush, take your time; any improvement will increase the value of your home, which is like putting money in the bank. If you have any spare money, start by improving the outside appearance of your front yard. You can do this by planting a few shrubs, flowers and by keeping the lawns cut.

Gradually work your way through your home, would a coat of paint freshen the appearance. Save money by purchasing second hand furniture, table, chairs, and beds. Sand the cupboards down and stain or varnish them. They will look new again. Try to buy new bedding where possible. Search the op-shops for curtains in good condition. These will add to the overall look of the rooms.

Try making a small fishpond in the back yard. This will not cost much and is very easy to do. Dig a reasonable size hole, approximately thirty centimeters deep. Line it with black plastic, and place rocks around the edges to hold the plastic down. Buy a pot and put a plant in the centre then fill with washed stones, to prevent contamination.

Add a couple of fish and you have finished. You could add more value to this by planting a garden feature at one end. Now mow the lawns. That was not too hard was it? Take more photos and see the difference you have made to your own home. When you are ready, you can sell and upgrade. By doing it this way you will slowly build your home investment, and never put your neck in a noose of debt that you cannot afford.

Cook your own breakfast; do not eat at any take-a-ways. I am sure that anyone can make a cup of coffee, and open a packet of cereal, and it is healthier. Take your lunch from home and include fruit and drinks. This will save you heaps on your weekly expenses. Where possible share the car travel with a friend. Always buy your fuel on cheapest days; never leave it until the weekend to fill up.

Grow your own vegetables and salads in your back yard. You cannot beat the freshness of home grown, and you will know there's no poisons sprayed on them. Use a spray, made from crushed garlic and water instead.

Instead of buying new DVD's, buy from garage sales, and swap from your friends. On the other hand, go to the library; borrow books and games to play instead of becoming square eyed watching the TV.

If you follow some of these tips, you will not suffer from problems caused by living beyond your means. If your neighbor buys a Mercedes, that is great, he will still be paying for it years down the track, whereas you will own your old jalopy. Think small and positive then you will succeed.