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Is your credit maxed?
Have you stood in the checkout line hoping and crossing your fingers that your purchase will go through? Do you stress about the mail (bill) delivery? You aren’t alone!
Over half the population lives pay check to pay check adding up debt into the trillions. There is a way out.
You can fix your debt. You can un-max the credit cards and you can save money.
Yes, I do believe you can do these things. Why? Because even thought paying down your debt and getting your credit to zero and saving money is hard it can be done. Step by step you can do it.
You can live the life you want to live, you can do that debt free scream, you can take action. You can be different in a good way – you can have your bills paid off and be debt free.
Here are 10 easy tips to help get you in debt free direction:
1. Stop trying to keep up
Stop trying to keep up with your friends and neighbors or the people at work. Start being you. I will let you in on a little secret the Joneses are broke and those beautiful vacation photos you envy were paid for on credit. Live your life, save your money.
2. Have a conversation
Talk to your partner or spouse. Talk to your children. Be open about money, what is coming in and what is going out. Have the “NO” conversation followed by a “why” conversation. Talk about team work and where you want to be in a year or five years.
3. Learn how to budget & pay down your debt
Everyone has this fear of the word budget and how it handcuffs you. In reality a budget lets you live and well. You are on this planet for a very long time hopefully so you have a lot of days you need money for. Sitting down a few hours a month or 30 minutes each week to go over the money coming in and the bills and your goals is a good idea. You can learn more about budgeting and paying down your debt in the Total Money Makeover. This book made a world of difference in our finances, for the better.
4. Learn how to use cash again (hide the plastic)
Using cash makes you more aware of what you are actually spending. Invest in a cash envelope system. You can learn more about how to use a cash envelope system here. Cut the plastic up, hide it or freeze it.
5. Start living more frugally
Your grandparents did it, your parents did it. And now you are going to do it. Live more frugally that is. Here are 101 Super Frugal Living Tips to help you cut down on household expenses. You can live well on less.
6. Figure out what you can cut out
Think about it what can you stop doing to save money? What can you cut out? What can you sell? Here are the 21 Things We Stopped Buying To save Money and The 7 Things We Cut Out To Save Over $750 In A Month.
7. Call the bank
It won’t hurt to make the phone call the worst they can say is no. Ask them about setting up a savings account or if they can decrease your credit interest payments. Ask them how they can help you.
8. Start working
9. Educate yourself
Education is the key to your survival. Learn how to budget, learn about money, learn how to pay off your debt. Invest in good personal finance books. Learn how to make money, learn how to thrive. Education is power.
10. Start planning, set goals
Where do you want to be in one year? Where do you want to be is five years? Set goals, make a plan.
You can be debt free.
You can set a goal, make a budget, use cash, pay down your debt and live more frugally. You can live well on less and get rid of the debt. Do you want to live like no one else? Well you gotta live like no one else to be able to live the life you wanna live. Think about it what could you cut back on to save just a little bit or a lot? Or what could you sell to make just a little bit or a lot? Your daily activities got your credit maxed. Your daily actions can be your solutions to paying down that debt. You can be debt free.
Have an amazing day,
Saving & Simplicity