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Chapter 8. Learn More from Your Organize... > Getting In-Depth with Your Debt

Getting In-Depth with Your Debt

When the P&L shows a loss, you have two choices: find more income or reduce expenses. Unfortunately, both can be tough to do. Some expenses, such as loans, are obligations that you can't just stop paying (see Figure 8.2).

Figure 8.2. Use a chart like this to recategorize your expenses and see them in a new light. If you have a lot of installment-loan payments in the third column, check out Figure 8.3 for a way to keep closer track of them.



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