Published on March 29, 2006 By pseudosoldier In Life Journals
Right before I moved here, I laid out some financial aims for myself. I haven't actually solidly outlined them yet, however. Let's see:

1) Set aside an "emergency fund" equal to twice my monthly base pay.
2) Cut my credit card debt in half by the end of the fiscal year.
3) Save something.

Obviously, #3 is too sketchy to be worthwhile at this point. I have already accomplished #1, but it was a "gimme" since I had enough money in savings already.

#2 is going to take some planning, but is readily do-able. I'm beginning to set up a budget for myself; I know where my recurring bills are going, and I just need to figure out other recurring costs accurately to see where the money is going. I'm axing one of my cards in the next three months, and that will get me half-way home on this goal... If I do this right, I could eliminate it after another six months.

Still looking for recommendations on web-sites, books and techniques, though.

Comments
on Mar 30, 2006
Since you have no comments, I'll throw something out there so you feel loved.

I know of several techniques (I did finacial awareness/debt classes for the unit) but you have to find one that fits your life/debt.
But here is something to think about. I don't know how much debt you have, but depending on how high your interest rates are, you might want to use some (not all) of your reserves to shift the balance. It also depends on how many different debts you have (one card or 6?) Basic plan though for revolving debt, pay off the highest APR first and then after it's paid off, apply the amount you paid to the next and so on.
And on #3. Start using the TSP. You don't see the money, so it's easier to save without thinking. Start with 2% and then up it as you adjust to your budget/debt reduction.
on Mar 30, 2006
It sounds silly, but check out Suze Orman's stuff. Her book "Young, Fabulous and Broke" has tons of great tips for what to do and how to do it. She answers all the questions out there (should I start saving before I pay off my debt? Should I use retirement money to pay off my debt?).

You can get her book online or in just about any book store.

Good luck.