Yeah exactly what you just read. I have finally decided to tackle my debt and looking at it completely, I was in shock. But I want to show you how I got to this debt and how I plan to get this debt down.
Why Share your Debt?
For some reason people seem to think that talking about money and debt is a bad thing. I use to think that you have to have your life entirely together online to make a difference or be heard. I am over 40 and honestly my give a damns have ran out about what people think of me and my life. So why not is my answer.
How Did I Get Into Debt?
This is a question that is honestly for me an easy answer. My debt consist of 3 things collections, credit cards and student loans. My collection is literally under $100 so that will be taken care of this month. My credit cards are under $2,000. So you guessed it my debt is almost entirely student loans.
What Made You Look at Your Debt?
If you don’t know I am now the owner of a home and as a home owner I feel like need to get my life all the way together when it comes to my budget so that I can be ready to take care of this house if any repairs are needed. Right now I would be okay but my funds would be depleted. That’s not acceptable so I need to do better.
How Do You Plan to Reduce Your Debt?
I have thought about this long and hard. I also did a ton of research cause well I hate spending money so I thank God for Google and YouTube. And here is somethings I am doing to reduce my debt:
- Planning my budget in advance. Making sure my money is accounted for when I get my paycheck.
- Making sure I look at my finances on a Daily basis so I remind myself to not spend where not needed.
- Earn more income online through this site and other social media.
- Not Eating out as much and cooking at home.
- Get back to couponing (hard core) to help get more bang for my buck.
- Reducing my spending and get bills down as much as possible.
Have you looked at your budget? Why or why not leave a comment below.
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