When it comes to sorting out that stubborn debt or saving up for that well earned retirement, many consumers tend to look for long and complicated answers. After all, if the process of getting rid of debt and saving up for retirement can take decades, then that means that the right financial advice should be equally as lengthy, right?

Actually, some of the right debt-busting advice revolves around the oldest sayings in the book. Get ready to simply your money woes by following these little nuggets of financial advise, all of which are ten words or less:

No matter what, always make sure you put aside money from each paycheck. It can be easy to think that beating debt is all about making the big bucks; however, even the smallest contribution to your debt is a step towards the financial freedom that you’ve longed for. Small but steady steps are the surest way to win the debt race, and will turn that mountain of bills into a small molehill in no time.

Know the difference between your needs and wants. Food for your family? That’s a need. Grabbing that expensive latte twice a day? That is most certainly an expensive want. It’s easy to blur the line between needs and wants, especially when you’re accustomed to a luxurious lifestyle. However, getting rid of your debt means determining the difference between needs (food, shelter, utilities, retirement, etc.) and wants (that expensive mp3 player, designer purses, etc.).

Buying quality is smart. Stretching your money is all about finding cheaper options; yet sometimes it’s more financially savvy to buy a high-priced quality item than to downgrade (fashion doesn’t count!). A high-quality item will be backed by a support team who will fix it for free whenever it breaks down or doesn’t work – just try getting that same deal out of the cheaper guys!

Save today what you want tomorrow. Your credit cards make it easy to go out and purchase whatever it is that you want; yet if you want that big-ticket item, save up for it instead of putting it on your plastic. You’ll feel better whenever you look at that new HDTV knowing that it’s completely paid off instead of accruing interest on your credit card!

If you need more money, make more money. Feel like your income isn’t enough to pay off that debt? Then stop complaining and make more money. You don’t need a second job in order to make a considerable chunk of change that can be put towards debt; instead, sell old books and clothes on ebay or have a garage sale with your family members and friends. That extra income will go a long way towards paying off your debt, not to mention give you extra room to breathe in your budget!

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