Stop Spending!

(The Following content is taken from Chapter 6 of The Free Credit Repair Kit )

            Before you can really delve into repairing your past credit problems, it’s important to take hard look at your current situation.  You can begin to get control over your problems by looking at your spending.

            Most people are spending more than they earn in the United States.  That’s why there are so many problems with credit.  You can begin to get some control by tracking the amount you spend each month in specific areas and shaving those amounts down as much as possible.

            You need to create a household budget that has categories for the things you normally buy – everything from groceries to your American Express bill.  Write down every penny you spend so that you can be mindful of where your money is going.