How To Keep Your New Years Resolution To Get Out Of Debt

By Mike Peterson
In January 10, 2012

Simple tips that will help you get out of debt this year. 1) Track your spending for 30 days. 2) Evaluate your expenses and identify wants and needs. 3) Identify wants that you could do without. 4) Commit to saving the money from the wants and apply it to your debts. 5) Use the roll-up principle to quickly erase your debts.

Mike is the author of “Reality Millionaire: Proven Tips to Retire Rich” and he has been published in a variety of local and national publications including Entrepreneur Magazine, Deseret Morning News, LDS Living Magazine, and Physicians Money Digest. He holds a B.S. in business administration from the University of Phoenix.