Money in, Money out

This is a fairly easy concept to grasp. However, many American households do not heed this simple piece of advice. It is important for us not only to realize that we must live within our means, but its equally important to figure out just what that mean is. If you are spending more each month than you make, you are already setting yourself up for failure from step one. As long as you limit spending to equal or less than disposable income you are bringing in, you will not get into [further] debt.