So how do you live on Less, GET OUT OF DEBT and Get ahead? Here are my tips!
- Record your spending (plan your paycheck) write down everything based on your expenses
- What is your income vs. your expenditures IS THERE GAP??
- GET BACK ON TRACK
- Meal plan and make cheap meals or cook off the shelf and pack a lunch (pasta and sauce, mac and cheese, rice and beans)
- Declutter and sell things (craigslist, ebay, things you don’t use anymore)
- Use cash for any miscellaneous spending (you may need to do this for a few weeks)
- LOOK at YOUR SPENDING CLOSELY
- Where can you cut back (coffee, insurance, entertainment?)
- ADD UP all of your debt (take a deep breath)
- KNOW WHERE YOU ARE:
- ADD UP all of your debt (take a deep breath)
- KNOW WHERE YOU ARE GOING:
- LIST YOUR debts from SMALLEST to largest
- CREATING YOUR VISION MAP and ROUTE:
- Make a specific debt for paying off that smallest debt
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- Easy ways to make some money to pay off the smallest debt
- Then take the debt you used to spend on that one small debt and pay off the next largest debt (debt snowball)
- PAY minimums on everything else except the one you are paying down
- YOU WILL GAIN MOMENTUM and PAY THINGS OFF QUICKER….
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- Make a specific debt for paying off that smallest debt
- STAY MOTIVATED:
- Create a vision board
- Debt free printable
- Post it notes with encouraging words
- Online communities (LIKE MINDED) BLOGS, VLOGS, BOOKS, VIDEOS
- Find whatever will help you to stay motivated….so what motivates you?