We went to visit our friends this weekend and I was playing with their young son when he asked me the following riddle:

“How do you eat an elephant?”

I couldn’t come up with the answer, so I finally asked him to tell me.

“One bite at a time!” he said laughing with delight

So what does any of this have to do with a personal finance blog? I think it’s an accurate illustration of how you begin getting your finances in order.

When you first begin to try to reduce debt, pay of credit cards and save an emergency fund it can all seem overwhelming and huge – kind of like an elephant. No matter how big the task may seem, however, the only way to tackle it is one step at a time.

While most people look at the elephant and say “it can’t be done,” and give up before they even begin, try starting off small – take a nibble here and a snack there on a daily basis. You’ll be surprised to find that taking all those little bites are taken over time, your elephant (debt) will disappear – one bite at a time.