The absolute best method to get out of debt...

How true! Unfortunately, the world has yet to realise! The formula is spend only 70% of what one earned and leave the 30% in savings for raining days.

What you explained is the greatest arthmetic formula which millions all over the world fail to understand.

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wow , , :-) very well said , , nice SurfSmarter , , :-)

just don't spend money on what you want but only on what you really NEED. plus save money!

Yes, living within your means. Also getting more extra income.

hey the best method is don't take a debt. but this is a stupid thing to say coz many of us need amounts that we don't have with ourselves so we need to take debt. so b4 taking debt it sud be planned well in advance as to how it sud be paid later on. this will help u in crisis times and will not let u further in debt circles. by debt circles i mean that for clearing one debt u go for another debt and so on. so this sud be avoided at any cost and this is detrimental effect so debt planning should be done in advance a/c to me. by less spending u can't ensure that u will repay the debt as it will depend upon the amount. if u are able to save 1000 units and the debt is in lakhs of units then it might not be possible just by savings so u will have to come out with a backup plan.