Ok so now that I am back online we are going to recap my original posts to make sure we are either still on track or get back on track. No matter where you are the important thing is that you keep working. I have had times where I have either pulled from my savings or just stopped doing what I needed to do to keep it going. What matters is that you get back to what you were doing. The important thing is to get out of debt and be free of the trouble it brings.
So first you have to have a goal. A real reason that this is so important to you. Whether it be to buy something, have a big nest egg, or you are just tired of struggling. You have to have a real reason or it will not be as important to you and you will not try as hard. Everyone needs to be on board with this if you have others in your household. If you are single then you are going to have to work hard to keep yourself committed to the final goal. This is not going to be easy but when you are able to achieve your goal because you worked so hard it will be totally worth it.
Now that you have decided why, you have to do. Set up a plan. Pick a credit card you want to tackle first or maybe it is your car loan that you want to eliminate. What ever it is that is going to be your main priority until it is paid. Even if in the beginning you only round the payment up to the next dollar. Say your payment is $50.51 then you pay $52.00. Even if you did only that for a year you would pay an extra $5.88. This is $5.88 less you will be charged interest on. If you get a raise then you need to decide what extra you can put toward that bill. You will do all that you can to pay off that extra bill.
Next this part is something you will have to decide on your own. Some people swear by it, I myself have never been able to follow one. I am talking about a budget. Some people really like them and use them religiously. It is a blue print of how you will spend your money each month. It only works if you actually do it every month and stick to it. That is my down fall, I really have a hard time redoing every month. If you are the type of person who needs structure this may be the right choice for you. If you think you can handle it month after month and stick with your plan then you may not need one. This part is totally a personal choice. You can always try it and if it is not for you then do it your way. As I have said before the most important thing is that you do it.
That is all for the recap. I hope you will come back so that we can finally do our next piece, Ditch The Debit Card. I will be talking about why I have learned it is better to go all cash while trying to eliminate debt. I hope to see you back soon. As Always feel free to share your thoughts and ideas. We are all in this together.