1. Get out of debt
When money is tight, you can’t afford to be sending money to a car financing company or credit card company.
Think about it this way: If you had no house payment, no car payment and no credit card payment, what’s left? The only monthly expenses you might need to cover would be utilities, insurance, gasoline and food. In many areas of the country, you could do that on $15,000 a year.
We’ll talk a little more about affordable housing options in a minute, but for everything else in your life, make living debt-free a priority.