A beautiful feeling of empowerment happens after you've gotten rid of every single debt you owe. Be proud you've accomplished this, but be wary. Some people who've just recovered from their debt are quick to slide back into debt. And if you're the type who has a tendency to get into debt trouble, chances are you may have the same temptations to spend, and the same impulses to pull out your credit cards with no thought for tomorrow. You see, personal finance budgeting is all based on discipline.

In those who do slide back, self-destructive habits kick back in so they can support their old way of living. A lot of times these people are aware of a sense of disconnect between their personal finance and the world they would like themselves to believe they should have. Living in a kind of fantasy denial, they keep on spending what comes their way without realizing how much more a discomfort it is to be trapped inside debt than to not own expensive stuff.

Accumulating personal debt is a problem many Americans face. Owing over $800 billion in revolving debts (excluding car loans and mortgages), most of them are lower and middle class families. The range includes people who truly need the borrowed money (the breadwinner father trying to find a job; the disease-stricken mother whose credit cards cushion her medical bills) and those who spend more than what they earn.

Priorities mean priorities. When you make out a personal budget spreadsheet, it must be predicated on a plan you can stay with, and will adhere to, even though your impulses tug at you to abandon the plan. The act of setting aside money for specific bills is no different from the act of carrying out the payment of those bills, and not spending that money for other stuff... like luxury items.

Be cognizant of your buying impulses. Only you can truly get to know and accept your behavior, and how you manage your desire. Being a dollar burner or a tightwad are two ends of the spectrum of personal finance behavior. It is all in the mind. When you know certain buying trends have a pull on you, avoid them. There's bound to be something that will keep you busy enough to be distracted from impulse buying. Try different hobbies. Keep away from shopping malls. Put down that magazine when you see enticing ads and sales promos. If you cannot completely remove yourself from enticements, you have to decide to trim down the cost.

Attempt to enroll in automatic payments for your regular bills, so you won't see extra unused money and be tempted to burn it. The good thing here is that since a portion of your income is already deducted and channeled into needed payments, you don't have to make the decision on where to spend that money. This default spending decision is actually what spares you from thinking of overspending, or misspending.

Divide your personal budget spreadsheet into categories -- cable, gas, etc. This way you can know just how much you spend for every category and how much gets left over once you pay all of them. Just seeing this gives you some amount of control.

Who else cares about your coming days? At what point do you intend to retire, and afterward, what will you do? Have you mapped out your kids' educational budget? You have to put up cash while you can; this way, similar to a squirrel during winter, you'd have no concerns about spending.

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