Since we’ve launched our Debt Settlement Program which we’re proud to say has been a huge success, we’ve seen an entire shift in the demographic of our client base.

Credit Repair is a far different animal then debt settlement. Credit Repair clients tend to be people who are younger and find themselves trying to fix the mistakes they’ve made in their college days.

Where as Debt Settlement Clients on average, are established families who for some unforeseen reason have run into temporary, financial hardships. Whether it be from a mortgage rate increase, temporary job loss or the economy in general.

No matter what the reason, we find ourselves with a lot of clients who need a realistic approach to managing their debt and overall financial health.

For any of you that know me, you know the first 15 years of my career was spent managing money for several large investment firms. I’ve had the pleasure of working with people who’s financial status ranges from the very young and just starting out, to the very wealthy and experienced investor.

So what’s my point? I knew a debt management series was coming a few months ago and I subscribed to several debt blogs in an effort to get my finger on the pulse of people dealing with financial problems. One common thread I’ve found is an almost cult like following of the book Total Money Makeover by Dave Ramsey.

I have to say I didn’t really like it. With that said, it would work - you will save money, but it’s structured in such a hardcore, militant fashion I just don’t think it’s right for everybody.

If it were a diet book I’m sure it would say something to the effect of Staple your stomach, eat nothing but carrots and snort laxatives twice daily. Ya, you’re going to lose weight, but anybody who has ever tried the hardcore crash diet you know the chances of falling off the wagon in a big way are almost inevitable.

Call me lazy (I call it realistic) I think most consumers need something a little more practical that will help you accomplish your financial goals while still enjoying life a bit.

This will be the first of a series of articles to help you get out of debt in a realistic and effective manner. The program is set up relatively loose because you’re all big boys and girls and the fact that you’re reading this tells me you are serious and will adjust the plan to your specific circumstances.

If you find it too easy, tighten it up, double up your efforts.

So, here’s the first thing I want you to do.

Get a notebook or mini tape recorder and nail it to your forehead for the next 30 days. This will be the hardest part of the entire program. The first step to getting a handle on your finances is finding out where your money goes.

Every single purchase you make, every single penny gets logged. I don’t want you to cheat, spend like you always have. We’ll do the second part of this series in 30 days; after you have a full months expenditures logged.