The famous 'the art is not in making money, but in keeping it', is inarguably true. You may earn pots of money, but what is the point if you don't have it on the rainy day? The key to success is management of your resources. The same applies in case of money too. Managing money is not a difficult thing, that's only if we learn to prioritize our needs. Your money is very important, and to make its wise use, you must take a few wise decisions. Before you select a program you need to have your research right. What are these Programs? The definition of a debt management program is 'a unique strategy developed to help a debtor manage their debt. This strategy is usually developed and implemented by an outside company or organization on behalf of the debtor, usually because the debtor is unable to sufficiently manage their debt on their own, due to lack of knowledge or because they are overwhelmed by the amount of debt'. The definition is extremely self-explanatory. Thus, looking for the program means, looking for a company or an organization, which will help you in repair your debts and manage your finances. No Free Rides There is nothing like 'free debt management'. There are no free rides and this situation is no exception. At the most, you can get an agent that charges less. For instance, a NFCC member charges $14 for debt counseling sessions, $19 for opening an account, $12 as monthly fees. These are the average rates and the programmers aren't allowed to charge exorbitantly, as looting the client is not really the idea! Nonprofit Debt Management Some management programs run with a motive of earning no profit. These nonprofit programs have your best interests in mind. They work on no profit and no loss basis and thus charge less fees. Online Debt Management Program Online management programs also help you get out of debts. They help lower your monthly payments to creditors, like any other program does. In case of an online program most of the things happen virtually, which saves time. Additionally, online programmers operate 24/7 to answer your queries. Confidentiality The best program will maintain confidentiality of your financial details. The main reason for doing so is security. As the information exchanged during the counseling sessions is highly sensitive, many people don't like to disclose it. Moreover, maintaining confidentiality prevents cases of identity theft too. Do the Math Although you are planning to hire a debt manager, it is essential that you understand and compute the nature of payments to be made. Clearing off your credit is a long plan. But in the short run it will take a toll on your spending capacity. Hence, see to it that you have calculated the installments accordingly. The best way out is to take up a debt management plan which is relatively cheap and shows you the quickest way out. There are debt management affiliate plans too, which can come to your rescue. Solving your financial problems is setting your liabilities right. The bottom line remains, that you can't spend more than what you have. It is always advisable to save 1/3 of your income for the rainy day!