The first step to leaving a lousy predicament is taking a bold and daring stand to win regardless of the uphill task facing you. Generally speaking, living debt-free can be really exciting, especially when you consider the emotional freedom and benefits that come with it
There is no shame in asking for help when you need it. The first place to begin is canceling subscriptions you don’t need — why pay for a gym class when you spend most of your time working?
Things couldn’t get messier than they already are, so avoid the urge to repeat the vicious circle that got you into debt in the first place. It’s always fun to keep swiping your credit card from time to time, but you have to be constantly reminded of your goals anytime the opportunity to swipe your card presents itself.
People in debt will always feel the need to spend every penny they earn or get on servicing their debt, but while this might seem ideal, having a piggy bank stashed away for emergencies is always worth it to stay afloat during the entire process.
Having a considerate budget based on your income is the map that’ll take you out of debt. Budgets keep you on track and also help you identify things you need the most.
Now is not the time to pay or renew a Netflix subscription, pay for that expensive diner, or get that costly jacket — there is a time for everything, and unfortunately, you don’t have the time nor resources to afford certain luxuries — it still boils down to cutting your dress according to your cloth.