Getting into financial troubles is very easy; we can make one wrong move and the financial mess could take years to clean up. I am a firm believer that we should not regret our financial mistakes. Instead, we should learn from them and move on to bigger and better things. I definitely made my share of financial mistakes in my twenties, but now I am proud to say that I am a thirty-something-year-old financially responsible adult.
My journey from stressed out and drowning in debt to personal and financial happiness was not a fun time in my life, but I don’t regret it. I am a better person for my money mistakes and if I can help you avoid making the same mistakes I will be a happy girl. Once I figured out the steps that I needed to take to become debt free everything else just fell into place. I started saving money on a regular basis by cutting my monthly expenses and increasing my income, because money not spent is money that can be saved
Use These 3 Steps to Save Money and Pay Off Your Debt:
Sign up for a free budget tool. Have you ever had money in your wallet in the morning and then wondered where it went by 5pm? I know that I have. Sign up for a free online budget tool, and learn to track your monthly income and your monthly expenses. When you know where your money is going and how it is being spent you can cut out the unnecessary expenses from your monthly spending. Trust me — a budget tool will help you save money.
Learn to say no. If your spending is due to social activities, you have to learn to just say no. The next time your friends ask you to go out for dinner or to the movies just say no. I am not saying that you should become a hermit and stay inside all day, but if you limit your social outings to once or twice a month, and you will save money.
Focus on your debt and only your debt. It’s always great to have personal goals, but you can quickly lose focus, motivation and momentum if you are working towards too many goals at the same time. If your goal over the next three years is to become debt free, then set a debt free target date, save money any way that you can, and eat, sleep and breathe your debt.