Debt-Free Living Is Within Your Grasp
When you start off the week, are you already behind the eight ball when it comes to your finances? Are you already looking forward to next week’s paycheck? There is nothing worse than living paycheck to paycheck. That feeling of being trapped because you don’t know how to make the madness stop. That is one of the reasons I decided to really embrace minimalism and live a more sustainable life.
I wanted to have my own business, be able to work a more flexible schedule, and have the freedom to do what makes me happy. There is such peace when you eliminate all the excess stuff from your life. However, to do this, it is important to get your finances under control. So, where do you begin?
I followed Dave Ramsey’s principles. I sold what I didn’t need or no longer used. I made a budget, so I knew exactly what I was working with weekly and monthly. I also looked at my spending habits and decided to get very intentional with purchases going forward. If I didn’t need it immediately, I would wait to buy it. I no longer made impulse buys. This isn’t easy to do but if you want things to change, you are going to have to be intentional.
There are many programs out there to use. Go to the app store on your phone and pick the one that speaks to you. You need to find one that you will want to use and stick with it. One that tracks your spending, that you can review at the end of each week or month will let you really see where your money is going. It is important to know where your money is going to stop the bleeding.
Take a look at your cell phone bill, your power bill, insurance, etc. Can you change plans or companies?
Ask your cell phone provider to check what you’re paying for versus what you’re using. Perhaps you can switch to a less-expensive plan and be conscious of what and when you stream. Always connect to available Wi-Fi services.
Make a quick call to your electric and gas service providers. Most companies offer a “budget” plan that will keep your monthly costs the same year around. This eliminates those surprise bills in the colder and warmer months. Also, turn off extra lights off and unplug things when not in use! Word to the wise…leaving your phone charger plugged into the wall while not charging your phone is a fire hazard. Always unplug!
Insurance companies are also there to provide you with the best possible coverage for your car, home or renter’s insurance. Put their expertise to work for you. Ask questions and be sure you’re not overpaying!
There are many ways we can cut back on overspending and take the time to investigate where we can save money on bills, but the bottom line is to always be engaged in thinking less is more. Quality versus Quantity.
Everyone deserves to splurge now and again, but for everyday living, remain diligent in thinking of ways to cut back on frivolous spending. When you have money left from last week’s paycheck, throw it into a savings account. Then, when this week’s arrives, you start fresh. The savings will start adding up and your stress levels will diminish leading to a healthier life all around.
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‘Til next time!