Getting out of debt but hampered by gas prices

If you live in the U.S. you well know how tough it has been to pay that gas bill. In fact, it's amazing to me that the economy is doing so well.

Surprisingly, many people are getting suckered into buying a new car!
[http://msnbc.msn.com/id/18864234/]

But not just any new car, a hybrid or other vehicle that gets really good gas mileage. Don't fall for this. It could take a decade for that new car to pay for itself with the gas savings.

Buying a new car is either spending money or going into debt and NEITHER will help you get OUT of debt.

For those of us that actually do want to get out of debt, the increase in gas prices has certainly put a damper on things. This is where flexibility is key.

If you feel like throwing in the towel and not continuing your efforts to get out of debt, don't do give up! Instead, adjust your budget accordingly so that you're not so stretched to the limit every month.

This means that it may be time to 1) cut expenses, or 2) increase your income.

If getting out of debt really is a priority for you, then make it a priority over the other things you're spending money (besides the absolute essentials of course).

If you've cut everything and there's absolutely no more wiggle room, then it's time to look for ways to increase your income. Could be a new job, maybe a second job, or maybe doing something from home. Maybe watching other people's kids or making money online, you need to find a way to get more income coming in.

Whatever you end up doing, be creative, be flexible, change your lifestyle, but do what it takes to stay on the road to getting out of debt.

Don't give up!


p.s.
If you think prices are high in the U.S., check this out!
[http://money.cnn.com/pf/features/lists/global_gasprices/]