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Summary: The simplest way to stay out of debt is to develop a budget based on what money is being brought in and what has to go out. Determine what money can be used as disposable income with help from a business analyst in this free video on financial planning and debt management.
Terry Kuykendall is currently a budget analyst for the military in Washington. She is an accountant who has worked at firms helping people deal with personal and business debt.read more
"The simplest way to stay out of debt would be to develop a budget, a monthly budget. You need to develop a budget based on what you're bringing in and what has to go out, such as groceries, utilities, car payments. Develop that budget and then decide how much you have left for disposable income to... for entertainment and the funs things of life. So that's the easiest way is just to keep records of what you're spending, what you're bringing in and if you live within those means, you should be fine and you should be able to stay out of debt."