A good feeling of empowerment comes after you've gotten rid of all of the debt you owe. Be proud you've accomplished this, but beware. Some people who've just recovered from their debt are quick to get back into debt. And if you're the type who tends to get into debt trouble, chances are you may have the same temptations to spend, and the same desires to pull out your credit cards with no thought for tomorrow. You see, personal finance budgeting is all based on discipline.

For those who do slide back, self-destructive habits kick in again so they can support their old way of living. Often these people are aware of a sense of disconnect between their personal finance and the world they want themselves to believe they should have. Living in a kind of fantasy world, they keep on spending what comes to them without realizing how much more a discomfort it is to be trapped inside debt than to not possess expensive stuff.

Racking up personal debt is a problem a lot of Americans face. Owing over $800 billion in revolving debts (excluding car loans and mortgages), many of them are lower and middle class families. The spectrum includes people who really need the borrowed money (the breadwinner father trying to find a job; the disease-stricken mother whose credit cards cushion her medical bills) and those who just spend more than what they earn.

Priorities mean priorities. Any time you make out a personal budget spreadsheet, it must be based on a plan you can stay with, and will subscribe to, even though your impulses pull at you to abandon the plan. The act of setting aside money for specific bills isn't any different from the act of carrying out the payment of those bills, and not spending that money for other things... like luxury items.

Be cognizant of your spending impulses. Only you can really get to know and accept your behavior, and how you deal with your desire. Being a dollar burner or a tightwad are two ends of the spectrum of money-related behavior. It is all in the brain. When you know certain buying trends have an effect on you, avoid them. There's bound to be something that will keep you busy enough to be distracted from impulse purchasing. Try different hobbies. Stay away from shopping malls. Put down that magazine when you see tempting ads and sales promos. If you cannot absolutely remove yourself from enticements, you have to decide to trim down the cost.

Try to enroll in automatic payments for your regular bills, so you don't see extra unused cash and be tempted to spend it. The good thing here is that since a portion of your money is already deducted and channeled into needed payments, you don't have to decide on where to spend that money. This default spending decision is really what spares you from thinking about overspending, or misspending.

Divide your personal budget spreadsheet into different categories -- cable, gas, etc. This way you can see just how much you spend for every category and how much is left over once you pay them all off. Just seeing this allows you some amount of control.

Who else cares about your future? At what point do you want to retire, and afterward, what will you do? Have you figured out your kids' educational budget? You need to stockpile cash while you can; that way, similar to a squirrel during winter, you'd have no concerns about spending.

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