All of us have had those phases when we read only personal finance blogs. We were all aware that there is a bit of formula at work. It begins something like this, you begin with the bunch of statistics strewn about the Internet about the deep debt load that the average person carries. This is common with the young adults and their student loans that they have to pay off. Then begins the confession about how much credit card debt you have personally struggled with and how you paid those off in two years. Lastly, these blogs would shoot off with a host of bulletproof points on the process of reducing debt and living happily ever after.

The financial analyst in truest sense will have only one comment: €Blah, blah, blah.€

It is simply not that easy is it? Finance blogs forgets to mention that debt actually wears you down. Debt actually hurts. It is a pain to the assets. Therefore, in this article let's rephrase things. You may owe money and you want to repay them. Let us not make it more agonizing than what it actually is.

Please don't begin with a blog

Apparently, there is a deal and it works like go into a debt and then start blogs. You confess your sins to the Internet literature reduce your debt and get famous at the same time. if we could just eliminate all those blogs that features this kind of story, we would actually have a better broadband connection with no buffering of the videos that we wish to watch.

It is important to understand that one doesn't need some stranger to watch over you to keep yourself accountable. If you wish to keep tab on the thought process, write them down in a diary and hand them down to people who will be interested in reading them. The idea is to help them become more aware of the mistakes and therefore avoid them.

Making the process automatic

Most of the financial analyst says to €pay yourself first.€ According to the blogs on personal finance it means saving for the retirement or for the down payment on the first home. If you are debt trapped, you won't be able to do that. It is therefore important to invest in some saving plans of your choice.

The bills need to be paid first though. The best process is to make it automatic. Find the method by which the payments will be routinely drawn from the account, so that the payment is received on time. Sometimes it is important to pay more than the minimum and never back down from receiving the debt reduction duty.

Setting aside some money

Everyone of us who have a job and pays their debt does not have to live life like a monk. It is important that life is enjoyed and therefore some mad money needs to be set aside. Not much, but enough to have fun some times. However, this is after the process of automatic payments begins. Whatever is left can be used for those splurging moments. You deserve it.