With the exception of a mortgage, a student loan is likely to be the biggest debt you get yourself into during your life. And while it is currently interest free, it is still a big financial burden.

Six weeks ago I embarked on a budget plan to slash my $6000 debt as soon as possible. A budget is a great start to getting rid of debt or to begin saving, however sticking to it can be challenging.

Bills and bank fees are like taxes - we have to pay them whether we want to or not. While we can’t avoid them, we can minimise them and get a better deal. I’ve been looking around to see how I can get the best deal on both my power bill and bank fees.

To say things aren’t getting any cheaper would be an understatement. Even so, I was still shocked when I got my power bill. A grand total of $175 for 27 days - for two people!

Food prices rose another one percent in May, bringing the total increase to seven percent over the past year. This is bad news for everyone, but it is especially bad news for those already trying to cut back on spending - like me!

When it comes to paying off debt, setting a budget is the easy part. Sticking to it is what’s challenging. For me, just walking the streets is dangerous. Why? Because it’s sale season!

Last week I confessed my debts – at a grand total of around $6000 (and that doesn’t include my student loan….). However confessions are empty without redemption, so, after a weekend of spending (whoops) I’m on a diet – a money diet – to get out of debt quick.