Everyone wants to stop living paycheck to paycheck. The question is: How exactly do you do that? It takes spending discipline, smart investing and, most importantly, getting your credit under control. You want to save more than you spend and earn extra money, obviously, but you also want to increase your buying power and obtain the benefits that the best credit cards can get you.

When you check out creditrepair.com reviews, you are off to an excellent start. Creditrepair.com and similar sites can teach you how to consolidate your current credit card debt, review the best companies and law firms to consult when you are trying to fix bad credit and highlight the ways to get financing for the things you want and need.

How to Get Out Of Debt

You need to start by getting a handle on your balances. Carrying many credit card balances kills your financial well-being. Especially balances on high-interest credit cards. When you do that, you are plowing lots of your monthly income into interest payments on your debt, instead of putting leftover cash into savings or long-term investments.

Debt consolidation can be the answer. Meet with a debt expert to find out your best options. You may want to explore working with a consolidation specialist to find a way to bundle up your debt as a way to save on interest and simplify your monthly payment.

Get your spending under control. Come up with a monthly budget that allows you to live comfortably and to save as much of your monthly take-home as possible. The more you cut down on restaurants, entertainment and other superfluous expenses, the more you can plow into paying off your debt.

Earn Extra Money

Look for any way you can to put some extra cash in your pocket. Odd jobs on the weekend, working flexible hours for task-based business or a regular part-time job can all generate some real income. As long as your put away all that extra bread into a savings account, it will add up quicker than you think.

What Good Credit Gets You

Once you eliminate your credit card debt and raise your score, you can start applying for some of the better cards out there, with extra benefits like cash-back bonuses and rewards points. Now that you are a responsible credit user, you can used these cards to pay regular expenses and rack up points for travel and other rewards. But make sure to pay off these cards every month, so you do not carry a balance.

Invest Sensibly

Once you are out of debt, generating extra income and using credit wisely for extra benefits, you need to start investing. That will bring you into the wonderful world of compound interest. Whatever extra money you have, put it into the safest mutual fund you can find, with the lowest fees. That is the best way to being investing. You can start playing the market every day after you build up your emergency savings and a nice little nest egg for yourself.

Follow these tips and you will be well on your way to financial independence.