Thursday, September 1, 2011

Hurricanes and Debt

This past weekend Hurricane Irene made her way through the East Coast. Since I live on the East Coast, it was a big deal. The normal things during such events happened - batteries, water and some food was scarce at the local stores, gas stations were getting REALLY low on gas and people were just in sort of a heightened state of awareness. Panic for some people did set in.

Being in debt and having a hurricane come near where you live can almost be similar. Just follow my logic here. Someone will understand me out there!! When you finally realize that you just cannot stay in your current financial state, you may start to feel a lot of things. Panic may be one of them. "Oh my gosh!! What do we do?! We have to do something!! Now!! We have to do it now!!" You may even start doing some research on how to prepare yourself for getting out of debt. You will probably find that you get so many different ways to start reducing your debt, get on a budget, eat less meat, shop on a budget and so on. It will seem like watching the different local channels during the hurricane - they all have advice, predictions and updates and all of them are slightly different. Where do you start?!

It has been a little overwhelming on my end, to tell you the truth. I have found different websites, books, authors and every day people who will give you advice for getting out of debt, getting on a budget and getting back on track with your life. The one thing that is helping me is cutting back on who I get my information from and how often. I check about three different websites/blogs on being frugal. I also am reading a book but I am going to limit the authors that I read to about three. One of those authors is Suze Orman and I am currently reading her book "The Money Class." I will try to post some on this book but so far, I am just getting into the book. I also want to learn a bit more from Dave Ramsey. He seems to have some success dealing with money. I have not gotten a book of his yet but I do plan to read some of his books. If you have a suggestion on which to start with, let me know.

So, in giving some advice on this one, find people you trust, people who tell you the truth and people who are honest with you about everything. Do not worry yourself crazy if you are not following different people and how they have dealt with money. Find a plan that works for you and your life. You may even want to include your family in on it. Have a clear plan and maybe even some wiggle room if things do not go exactly how you planned it. Also remember that this is new to you. It is new to me!! If you fall down or stumble on this journey, get back up, learn, really learn from why you stumble or fell and keep going. We will be okay. Just go and do not let others stop you!! Take control of this!! We will win. I am determined to do this!!

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