The Exclusive Zero Debt Club

Want to join the zero debt club? It's a club everyone wants to be a part of. It only has one acceptance criteria (no debts allowed) yet only a handful of people will ever enjoy the privileges of membership to this exclusive club.

You cannot buy your way into the club - you have to earn the right to call yourself a member and to earn it you have to be 100% debt free.

Membership has it's privileges...

Besides the obvious benefit of having no debt, being a member of the Zero Debt Club definitely has it's perks.

• More in control of your financial destiny
• More money to save
• More money to spend how you see fit
• More money to invest in yourself and your future

How to Get into the Zero Debt Club

1 Get on a budget - The first step to having zero debt is to make sure you aren't spending more money than you earn. Personally, I think the best way to do that is with a budget, it's free, easy to implement and will have an immediate impact in turning around your finances.

2 Don't create more debt - Cutting up your credit cards is one surefire way to prevent you from incurring more debt. Alternatively, you can do something a little less drastic like freezing your credit cards - literally. That way you'll still have access to them but you'll have to go through the trouble of thawing them out first.

3 Be a smart consumer - It's important to be aware of the really bad financing options out there. Options such as buy now - pay later may seem like a convenient way to get what you want right now when infact they're just money traps that can really set you back financially.

4 Attack your debt - Getting out of debt requires an aggressive, wage-war-against-debt kind of approach. However, to truly conquer your debt you need a plan of attack. Personally, I think the best plan is the debt snowball method of paying down debt, made famous by Dave Ramsey's baby steps.

The way the debt snowball works is like this:

• Make a list of your debts
• Add up how much you can pay
• Target either the most expensive (highest interest) or smallest debt first
• Pay the minimum on all debts except for target debt
• Pay whatever's left on target debt til it is paid off
• Target the next smallest debt and so on down the list

Welcome to the Zero Debt Club! If you have paid off your credit cards, loans and retail store cards congratulations! You can officially call yourself a member of the zero debt club. Give yourself a pat on the back, you have reason to be proud.

If you're the type of person who's willing to accept having car and mortgage payments for the rest of your life that's okay - consider your work done. However, if you're the type who refuses to let things like car payments or a mortgage get in the way of wealth building - then you're not quite done yet.

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Table of Content

Budgeting Tips - Looking for budgeting tips that work? Basic budgeting guidelines plus top 10 budgeting tips to help you set up your budget.

How to Create a Budget - Learn how to create a budget that not only works but one that you can actually live with! A good budget is one that allows you to easily manage your personal finances without cutting out any of the things you enjoy in life.

Personal Budgeting Strategies - Want to know which personal budgeting strategies are most effective? Here are three different personal budgeting strategies as well as the pros and cons of each strategy.

Living On A Budget - Think living on a budget is only for people on a fixed or low income and couldn't possibly apply to you? Are you worried that a budget will only reduce the standard of living you currently enjoy? Not worth the hassle?

Cash Budget - What is a cash budget, really? Does it involve getting rid of
credit cards and living on nothing but cash? Is there anyone under 65
living this way? The answers may surprise you.

Personal Budget Software - Need help finding quality personal budget software? How about a program that's both user friendly and makes budgeting fun? Oh, and you probably want
it to be cheap too, right?

Frugal Living - Think frugal living is just for cheapskates and penny pinchers? Do you believe that living like a vagabond is the only way to be frugal? Frugal living isn't about cutting back on life's little luxuries just to save a dollar. It's about living within your means, moreover it's about living well within your means.

Money Saving Tips - Looking for money saving tips you can actually use? Well if it's savings you want, it's savings you'll get - right here! Lots of money saving tips on everything from gas to groceries.

How to Save Money - How to save money in 4 easy steps. Reach your ultimate savings goal by following these 4 surefire, money-saving steps.

Household Money Saving Tips - Want to turn your home into a money-tight, energy-saving dynamo? You can by following a few practical money saving tips. Find out how you can save on everything from gas to groceries.

Debt Management Tips - Looking for debt management tips that'll help you get you out of debt faster? Want to minimize the amount of interest on your debts while your still paying them off? These simple, practical tips will help you do just that.

Make Extra Money Online - Want to make extra money online? Here's is a listing of honest, legitimate ways to make extra money online - no get rich quick schemes here.

Recommended Reading - Here are some highly recommended books you might be interested in reading. I've learned so much from each and every book listed here.