For one month keep every receipt and write down every single financial interaction. The first exercise doesn't really involve doing anything (initially), but changing everything. Kirk Burkett always used to say, "debt is not the problem, it is the symptom". So what can you do if you are bogged down by debt. Identify what got you into debt. You cannot reverse the process unless you reverse whatever was causing the debt. We often never really intended to get here, but lo and behold, so many are bogged down in differing depths of debt.

Go to the dollar store and buy a little writing pad and every time you give money to anyone for anything write it down, or keep the receipt.

Here is the first step or action to help you get out of debt. If you are married both partners should be recording every item that they purchase for a month. In other words, the debt is a byproduct of something else. I would first identify the reasons you are in debt. If you are currently under a heavy burden of debt I encourage you to continue reading.

A Simple First Step Towards Becoming Debt-Free I have previously mentioned that debt is something many of us find ourselves 'in'.