Is your goal to pay off your debt and live debt free? Is this what you really want? Millions of people want this too, but are not prepared to put in a little effort to set up a personal/family budget. You could easily prepare your budget in one evening and this can guide you for the rest of the year and into the next. Doing a budget for the first time can be a "eye-opening" experience. You may see the full extent of your debts and spending for the first time. This can be a great incentive to make a start on fixing the mess once and for all.

Reason #1 - Shows your financial position clearly. Without a budget you are left in the dark as to how much you need to save and how much to put aside for emergencies. It shows whether your spending is within the limits of your income or whether you are living beyond your means. You will see how much of your income is being spent on just paying back previous credit card purchases - including the interest.

Reason #2 - Budgets help you set savings goals. Once your budget is set you can easily see how much you need to set aside for savings ands emergencies. That amount can be turned into a savings goal. That money needs to be put aside for future costs.

Reason #3 - Helps you commit to your goals. If you want to make the required changes earnestly, the budget goals will help keep on track. Now you can see what will happen if you go back to your old ways. When you see something you want, you now have a choice. Spend now for instant gratification - or wait and feel a whole lot better about yourself.

Reason #4 - Sets your spending limits. Everything you buy has a positive or negative effect on your financial position. You don't have an endless source income. You need to spend within the limits of your income or the price you pay is interest and worry.

Reason #5 - Puts you in the financial drivers' seat. If you've prepared to budget properly then you will know in advance how any spending will affect your financial position. This can give you confidence and a sense of well-being knowing that you can make informed choices now. There is no need to ever go back to worry and uncertainty due to unpaid bills and unsustainable credit card repayments.

Reason #6 - Shows your financial progress. Keep accurate records of your spending and income. Refer to your increasing bank balance and reducing debt, often. This will help you help you keep making good decisions and stay on track to achieve your financial goals.

It just takes a little time and commitment. Imagine how you'll feel once the debts are paid down and you have savings put away. It will all be worth it.