To get out of debt, you have to change your spending habits.
One such change, is to ONLY spend the money you have on hand or in your bank account…nothing more.
If it’s not in your hand or your account right now…you cannot spend it. This means no payday loans, no using credit…no borrowing money.
It will be difficult at first because most of us are used to instant gratification … if we want something we get it … no waiting and not having the money to pay for it, isn’t always a deterrent.
Practicing this way of spending, can save you money. Not only will you be spending less on interest charges but when you have to pay out of pocket or see the money leave your bank account…you may not be as quick to spend.
The money you save can be used for debt repayment and as you pay off your debt…you then have more money available for the more meaningful things and experiences.
If you don’t have a debt repayment plan and would like my help to create one, just click on the button below, send me an email and let’s connect.