Everyone benefits from being out of debt. Debt is something that really does wear you down. You just can’t think straight when the bills are piling up, the creditors are calling your house, and it feels like every other envelope coming in is filled with warnings about the damage to your credit report from too many unpaid bills. But when you don’t have the money, just what do you do?
You build a plan that works on the money that you have, not the money that you wish to have. Sure, everyone dreams about winning the lottery. But the reality is that the lottery just isn’t likely for many people. You might get lucky, but what happens if you don’t? As you can see, you’re going to need to have a better plan than just the lottery or some distant uncle leaving you a massive inheritance. It’s something that really means that you’re going to have to figure things out for yourself, but you don’t have to necessarily do it alone. This general guide can help you get moving in the right direction.
First and foremost, you need to make sure that you’re thinking about where you ultimately want to go. You should spend some time visualizing this because this is the image series that’s going to keep you going.
When we’re down and depressed about our finances, it feels like we’re never going to get out of debt. But then we look at all of the visuals of where we actually want to be and it tends to make things feel like they’re coming together. You just need to believe in your own power to get out of debt. A lot of people probably aren’t speaking to you about your own inner power. They want you to believe that things have to be difficult. But you’ll eventually find that when you give into your own ability, you get stronger over time. Think about it this way — the world exists to tear you down. Why help them out with that? Believe in the best ability you have and let the rest go. You can blame yourself, or you can just push for higher and higher goals.
You need to make sure that you’re trying to save as much as you can. And we’ll be honest — at the very beginning, you might find that you just aren’t able to save a lot of money. That’s okay. It’s not like you’re going to have to be in this position forever. Just try to save what you can. Some days, you might find small victories in skipping the soda and choosing to drink water. The less money that you spend in the store, the more money that you will be able to put aside for a “rainy day”, as it were.
You want to set up your budget so that you have a little bit of both worlds. Trying to get too restrictive with a budget will backfire. This is very much like a diet. If you get too strict with a diet, you’ll eventually find yourself eating a lot more than you planned. As you can imagine, humans really don’t deal well with being deprived of anything.
You want to separate the emotion out of money as much as possible. It’s tempting to get too worked up about money, but that’s not something that you want to get too attached to. It’s perfectly okay to see money as a tool. Just as you would keep a saw sharp, you need to make sure that you’re keeping your money as sharp as possible. This means getting out of debt.
Believe that it’s possible. We know plenty of people that have honestly gotten out of debt one step at a time. Why wouldn’t you want to get out of debt and get things together? Check it out for yourself!