Oprah's Debt Diet Step 4: Stop Spending
The quickest way to get yourself back on the right path is to stop spending. Use these suggestions to help cut back so you can move forward!

  • Don't carry credit cards in your purse (only debit/ATM)
  • Write checks, pay cash
  • Turn down credit line increases
  • Create specific funds for special occasions, like holiday presents, vacations, anniversaries, etc.
  • Tell friends what you're trying to do to rally support
  • Don't run up bills you can't pay in full at the end of the month
  • Pay credit card bills on time to avoid late fees
  • Make no more than one ATM visit a week
  • Don't be seduced by credit card offers such as airline miles 

Step 5: Create a monthly spending plan

Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc. and its affiliated companies and entities is not responsible for any losses, damages or claims that may result from your financial or legal decisions.