Getting out of debt may mean down-sizing your life-style like selling a car that’s too expensive or a house that you can’t afford. The home and the car are the biggest expenses for most people. People can often downsize a home by selling one that’s too expensive, make a little money on it, and then buy a cheaper smaller house. Bottom line - get out of a lifestyle that you can probably barely afford now and certainly can’t afford in a time of crisis.
Learn to discipline you buying - before you buy anything, ask whether you need it or desire it. There is a big difference between need and desire. For example, you need to eat, but you don’t need to eat desert. Craving a desert is desire, not need. Save the money, don’t get the desert, and you get in shape and out of debt at the same time. In this way, you are preparing for peak oil and so far, you haven’t spent a dime. By recognizing the difference between need and desire, you are also working on your attitude, which is so critical to surviving a changing world.