Getting out of debt takes discipline. But there are some things you should NEVER do to win the fight against heavy bills! Are you guilty of any of these?
You racked up some serious debt, and now one thing is clear. If you want to have a different life, there are certain things you can never.ever.do.again.
Don’t worry. It’s all worth it when that magical day comes that you get a paycheck that doesn’t have to immediately be divided up between your un-best friends, credit card company A, B, and C.
What are these forbidden things? Glad you asked!
Once I learned how to find out all my debts (even though I was scared) it gave me the power I needed to take charge of my finances. Learn how you can do it, too.
When you play peek-a-boo with a baby, he thinks you’ve disappeared because your hands are over your face. He’s totally surprised when you reappear by taking your hands away.
Are you playing peek a boo, too? Covering your ears and yelling “I can’t hear you!” whenever someone uses the “d” word (debt, that is) is a ton of fun, but it’s not a game you can win.
After all, you know your debts are hiding behind your hands. But instead of a kind face waiting for you, it’s more like a clown in a haunted house.
Sorry for the visual.
But I know, because I’ve been there. I hid behind my hands for years before life woke me up with a good slap. Don’t do what I did. Living this way means that debt is running your life.
When you’re ready to tackle the process of how to get rid of debt quickly, you’ll need to establish some habits to make sure it sticks. Use these ideas to win the fight.
Figuring out how to get rid of debt requires three things: passion, determination, and a willingness to completely change your life.
You know you’ve got the passion when getting out of debt is all you think about. Your friends and family know about the big goal, and they sometimes mention it when you’re together. “How’s the big plan going?” or “Do you want to just come to my place instead of meeting at the bar?”
Side note: if you’ve got friends and family that are supportive like this, be sure to hold on to them tight!
A sign of the right kind of determination is when you surprise yourself by saying “no” to something you usually spend money on automatically. Because you’re determined to get that debt free life you know you deserve far more than any impulse buy.
While I’m a huge fan of January 1st, we usually don’t have any goals written by that date. The last week of December is filled with holidays, birthday celebrations, and seeing how long we can wear pajamas each day. Not a lot of room there for brainstorming our future.
But once the new year begins and we settle back into our routine, that’s when we’re ready to imagine our future.
Setting these goals was the most fun this meeting has been in years! While finishing off debt is the first thing we wrote down, we can see light at the end of the tunnel. We should send the last payment to the credit card companies in the next couple of months.
I can’t begin to tell you how sweet that feels.
Feel like you’ll never stop living paycheck to paycheck? Learn how to get ahead in life with these 7 ideas you can put to use right away.
The mailbox is full of bills, a kid just had an expensive trip to urgent care, and the car is in need of a repair. Now you are just hoping that there’s enough food in the pantry to get you through to the next paycheck.
But deep down, you know that you’re just going to find yourself running out of money again.
So how can you get ahead in life when you feel like you’re just falling further and further behind?
Let’s talk about some money goals that you can set for yourself to make this mess a little neater. Don’t be discouraged! These are goals that people in nearly any financial situation can take use.
Getting out of debt is fine for other people, but they don’t face the obstacles you have. If you just can’t get out of debt, learn what you can change to finally succeed and get the life you want most.
What’s on your bucket list? We all have that mental list of things we’d like to do “someday”. Visit Paris. Run a 10k. Meet the New Kids on the Block. Be debt free. See the bottom of the laundry hamper.
It’s a fine list. But how often do we really think about it? If these are life dreams, we need to start taking some action so we can live to see them become solid memories.
While I’d love to formulate a plan to meet Jordan (sigh), this is a frugal living and family blog. So I’m going to focus on the debt free goal. But you’re in luck. Because, honestly? That one is the key to making all of those other dreams happen. Trust me.