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Old 08-21-2007, 04:11 AM   #2 (permalink)
The_Jazz
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Well, the very first thing that you should do is look at your income and expendatures. What are you spending money on every month besides debt management. Once you understand where you money is going, you can figure out what you can live without and prioritize the important things.

Three years after I got out of college, I was significantly more in debt than you seem to be due to some poor decisions financially and professionally. I finally sat down and figured out exactly where my money was going. By spending a month accounting for every dollar of income I had, I was able to figure out where the waste was. I ended up setting myself up on a pretty strict budget to allow myself to pay down my debts and still do the fun things.

You should also read this: Ask The Loan Officer NoSoup has a whole bunch of tips that are very useful.
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