Would anyone be interested if I post some debt eliminating tips each day?

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I have found a big list online, and I would like to share with you all. Someof them are helpful and some are not.

Here are todays 7 tips:

Don鈥檛 get into debt. Use cash for all your purchases and don鈥檛 take on any debt except home and auto.

Spend less than you earn.

When debt is closed out, put 60% in savings and enjoy the remain 40%.

Take stock of all your liabilities, so you know exactly how much you owe to the world. Put them in a spreadsheet, with monthly payments, interest amounts, balances, and a running grand total of all your balances. Update it monthly as you pay off debt, and watch the overall amount go down slowly. It鈥檚 very motivational.

Have only one credit card with a low limit, and only one loan with monthly payment not exceeding 25% of income.

Build up an emergency fund first. If you come into extra money (tax returns, etc.), use it to build an emergency fund and pay off debt after that.