subject: Some Ways to Reduce Your Personal Debt [print this page] 4. Make yourself a budget - Do not neglect the benefits of clear financial records. You should update your debt list as you go to keep you aware of the progress of your debt reduction. Besides these types of information, you must have a plan in order to keep yourself on track so that every task is accomplished. People do this by setting a budget. Budgets are the basis for new spending habits that will keep you from incurring additional debt and ultimately help you to save more money for the purchases that you want to make. A budget-if it is a good one-is the tool to help you achieve financial control and
