Face the Music

Stage one. Face the music. I have been here many times. Often I am hovering over this step, looking down, knowing what needs to be done but never touching down and DOING IT.

I have been a faithful reader of Kevin's No Debt Plan. Kevin provides a no non-sense approach to personal and financial development. Step #1 of his no debt plan outlines what is needed to begin. As indicated this is my biggest hurdle. I have been here many times. I have even surpassed it a few times. But I always fall back for some reason or another. Today it stops. Below is a quick outline of my financial situation:

Monthly income/expenses

Net Income 2300
Net Expenses 2100
Left Over 200

Assets and Liabilities

Assets
Checking 70
Wamu Saving 10
ING 5

Liabilities Amt Monthly Min
Credit Card 1 3000 129
Credit Card 2 2000 30
Collection #1 700 300
Collection #2 200 40
Collection #3 200 50
Student Loans 9000 0

Additional background: This is a rough start. Over the next week I am going to really analyze where I am at including interest rates, payment terms, and my budget. Also both credit cards are closed and no longer in use.

I am very detail oriented. Often that tends to get in the way as I spend to much time finding the "best" and most detailed way to complete the task. I'm currently searching for a K.I.S.S. approach to starting the process. Suggestions???