Chapter 4. Budgeting Your Way Out of Debt

Annual income twenty pounds, annual expenditure nineteen six, result happiness.

Annual income twenty pounds, annual expenditure twenty pounds and six, result misery.

Charles Dickens's David Copperfield

How well do you know your finances? The next step on the road out of debt is to know your financial situation and how to use your money to your benefit. Knowledge is power. Without an understanding of your financial situation, even if you get out of debt this time, it will only be a matter of months or years until you find yourself in the same situation. See how well you spend by taking the quiz "Are You a Smart or Sorry Spender?"

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