Figuring out your personal budget is something that many people have difficulty with. Unfortunately, most people are just not educated about credit cards and debt when they are younger. They continue to make bad decision after bad decision, and ultimately compound the issue until it is WAY out of control. By having the ability to manage your budget, and by following a strict budget each month, you will be able to address your debt issues.
The best part about knowing how to manage your money, and consistently handling your money after every payday, is that it will pay off in the future when you need money for some unexpected expenses. You will be able to enjoy more of your life, without all the stress and worry that comes along with being overloaded with debt and payments.
Your budget makes it possible for you to financially survive each month. Your goal is not just to survive though, you should have a little bit more money each and every month than you spend in your budget. How fabulous would that be to have a savings account? How would you like to wake up on payday knowing that you don't need the paycheck to pay bills? Get up off that couch and quit stopping on yourself! Try tackling your debt problems instead of adding to them anymore!
Allow your budget to work for you without fail every month. Especially when something comes up unexpectedly, you will be grateful for having a little something tucked away. If you can manage your entire month, I believe that you are going to be shocked by the results; especially when you see the long term growth of your savings account. You will have so much more confidence getting out of bed just knowing that you can make it on your own in this world. You will realize that you are a responsible, mature, and highly intelligent individual that can make good decisions with money. Learning about your money and following strict budgets will allow you opportunities and experiences that other people will still be dreaming of.
Most people have one major thing in common unfortunately. They like to listen to people that sympathize and cuddle with them. Whenever it comes to spending more money than we can afford each month, it is easier to surround yourself with people that "support" you. Creating an amazing budget can dramatically improve your debt issues for good, so why do we not want to listen to someone that can genuinely help us improve?
Take time out of your hectic schedule, sit down, and take a deep breath. Prepare yourself for this exciting learning experience. You will be so much better off financially and will learn so much about yourself in the process. Follow all the steps outlined in my book, ignore "broke" people, and remember that you are going to get rid of all your bad debt first. It will definitely be an eye opening experience for you.
Bad debt is your worst enemy. Do anything and everything you can to prevent bad debt from ruining your life. Figure out how to budget, use it regularly, and you will work out all the details just fine.