If you want to really reduce your debt. Make a list of articles that you are spending on a weekly basis. Take note of articles that you can do without. Beginning on luxury items. but this is usually easier said than done. The pocket money is fun. And in this day and age where everything is high tech and there are lots of gizmo 's devices of the guidelines that may tickle our imagination and encourage them to want to buy them. Even though they permettali beveled or needs. And at the end accumulated lots of old junk and lots of debt. Before we spend big money getting a loan via credit card or loan staff on the latest and greatest devices, we have to ask. I really need? I can live without it? What would be the resale value if you want? It will be obsolete in a few months? A very good example of devices that are notoriously expensive when new models come out is mobile. Especially for us pinoys, buying the latest models out there is also a sign of status. But waiting a few months the prices will fall dramatically and almost a half. And because there are new models that come out each month by Nokia and Sony Ericsson. Its really convenient purchase the latest model out there.