Debt elimination is the key to financial freedom because as long as you owe money you can’t consider yourself financially free. If you don’t eliminate debt your future earnings do not belong to you but to your creditors. While there are a number of steps involved in becoming financially free the need to get out of debt first is paramount.

To buy or not to buy Australian made, that is the question – many of the less expensive goods appear to be made overseas which can drive many budgeters to despair. I am interested in knowing if people believe that budgeters should “stay on message”. In other words buy Australian made when possible but at the end of the day “charity begins at home”, so budgeters need to balance the desire to buy Aussie with the need to continue to live within their means.

If used wisely debt can help smooth out cash flow, acquire appreciating assets and in general make life enjoyable. However, as we all know, using debt strictly for conspicuous consumption with little thought of the consequences is the same as stepping into a boxing ring with your hands tied behind your back. In other words it’s a mugs game and budgeting is a simple tool that will help to keep you on track and in control of your finances and life.