A personal financial makeover can help you manage your money more responsibly and reduce your debt burden. Try the following tips provided by The Balancing Act to help you save money: Take inventory. Put together a very detailed and precise spreadsheet of your debts. Include not only the current balances, but also interest rates and due dates. Create a budget. Once you know where you stand and how much you owe, it will be easier to develop a budget you can actually live with. How much income do you have? What can you afford to set aside to pay down your debts? You'll also need to put together a history of your reoccurring expenses, like food, gas and utility bills, so you can estimate their impact moving forward. Consider cash flow. Be sure to factor in when bills are due and at what point you'll have cash available to pay each debt. This is one of the most important, yet often overlooked, parts of the budgeting process. Planning helps you avoid paying late fees and harming your credit
