Let’s talk about debt today.
Debt is something that I find can really drag a person down on occasion. It makes you feel trapped. It makes you feel like you’ll never be debt free. But never fear, for I have five tips just for you to be work towards being debt free.
Let’s get off this roller coaster called debt.
Please keep in mind that this is my view on steps to take to becoming debt free. There are numerous different ways to become debt free. I just believe these are the simplest steps to take. If you have any tips to share on becoming debt free, feel free to share in the comment section below.
First off, pay off your smaller debts first and then move on to the bigger ones. I have used this technique to pay off my debt. Now I am nowhere to being debt free. But because I have taken the time to pay off the smaller debts, I am less burdened by the bigger ones. This has really helped me to manage my debt. It also has really helped me to create a budget each month so that I know exactly how much I can pay towards my debt. This is the first step to becoming debt free. Pay what you can now, it helps improve your credit score and it helps bring down the tower of debt that you are under.
Second off, stop using your credit cards. I know, it may seem impossible to close those pesky credit cards but I promise you. It will help you in the end. So cut up some of those cards, close some of those accounts, start to pay off what you owe. It will look better on you if you do these things yourself than if the credit card company closes the account for you.
Third off, start to pay in cash if you can. I don’t know about you but whenever I have cold hard cash vs the plastic card I find it a lot harder to spend that cash. It’s so easy to swipe a card and spend over your means. I will admit I am not the best when it comes to writing everything down in a check books ledger to keep track. I tend to forget to do that. If you start to carry cash, it will be easier not to spend over your means.
Fourth off, try to use checks less. Checks can be very dangerous because you can write them and then forget about them. If you are like me, then you might have forgotten about a check or two you had written. Now I know that sometimes checks are necessary like if you pay bills or rent with them. This really goes hand in hand with writing it in the checkbook ledger. I never remember to do that. I try and forget to do it.
Last, take a course if you aren’t sure how to get started. I went through Dave Ramsey’s course to learn about how to manage money and get out of debt. It was one of the best things to ever happen to me. His courses teach you a lot about debt and how to manage it. If you’d like to check it out, click here.
Also check out his app, Every Dollar. It’s a really cool app that helps you create a budget. I use it to help me create my budget month to month. I am not the best at always logging in to update it as needed. But I try my best.
But Brit, I already knew that.
If you are lucky enough to be able to say that you already knew these steps to becoming debt free. Than congratulations for already recognizing and putting into place those steps. I know for me it took a while to figure out how to start on my journey to become debt free. I am still working on that journey today. It has been a slow and tedious process for me. But I know that one day, I will be able to say that I conquered my debt and came out on top.
Let’s conqure this debt together, one step at a time.
Debt can seem impossible to pay off. I know it can seem like it is hard to fix. I have found that most things in life require you to have decent credit. Like buying a home or a car. I’ve learned that life doesn’t teach you everything you need to know in order to be good with money. If you are struggling right now or were struggling at one point. Just remember, life will get better. It may seem hard right now, in this moment but it will change. Stay strong and carry on.