Joined: Jul 2005
Posts: 5628
Debt, Money Matters and survival
4/27/2007 at 6:45 PM
I enjoy watching the show Til Debt do us Part on the Slice channel. I always find it comforting to see that there are people way further into debt than I. Actually Im not in any serious debt.
However, the host Gail offers valuable tips to paying off debt and handling money in general. She says to put 15% of your pay cheque toward paying off debt and 25% of your cheque should go toward personal enjoyment/entertainment/clothing etc.
I find these figures fairly reasonable. People on this show are in debt due to the fact they spend on rediculous "THINGS" they dont really need-clothing, eating out, purchases they can't really afford.
Anyhow, does anyone have any tips they can disclose or ways that you budget your money throughout the month?