Where do I start with getting out of financial debt? Now, I'm looking for a job in Rochester, NY?

I have been in debt for sometime now, but I have never learned how to be financially responsible on my own. Only, because when I was growing up my parents never taught me or my twin sister anything about finances or how to take care of them. So... now I'm learning the hard way!
Where do I start with getting out of financial debt? Now, I'm looking for a job in Rochester, NY?
You are in the same situation as most Americans. I was also in the same situation, discussing finances was either taboo or overlooked. The first step is to get a snap shot of where you are financially. Write down all of your income and debts write out a budget. Keep track of everything you spend money on in a month EVERYTHING. At the end of the month see if there is anything you can eliminate stuff you want but has no value as a need. Look at the rest of the list are there any bills you can reduce? So far we have this





Step 1) write budget


Step 2) track spending


Step 3) reduce spending





Now take all of your remaining loans (credit card loans, student loans etc.) List them from smallest to largest


Pay as much as you can on the smallest amount debt and


pay the minimum on everything else. Pay $5 every paycheck to yourself as savings, this is your emergency fund, don't take the money out unless it is for a real emergency.





Step 4) Pay off debts


Step 5) Start saving





This should keep you busy for a while keep following this until you are debt free.





Good luck.
Reply:There's really only one way out. You need a job that pays more per month than your expenses. Your expenses include your living expenses, utilities and the amount you owe each month on any credit cards. You need to stop spending any money that is not absolutely necessary. Do you need that order of fries from McDonald's? No. Try to save a little bit of money for emergencies, but other than that, put everything else you can afford against your longer term debt.