Today is the day!

Today is to day to officially decide that you want to be debt free and on your way to financial freedom. As someone who is still currently with debt and slowly working my way towards my goals, I can understand just how frustrating it can be. What I have learned that the only one stopping me, is me. You have to make the decision and be willing to sacrifice to make it happen.

How do you go about it?
The first step is being willing to do what it takes to get yourself out of debt. You are going to have face a hard reality about just how much debt you are really in. Believe me, it can truly be an eye opener. Once you know where you stand it’s time to move on to Step 2.

The second step is to determine your budget. You will need to figure out how much you have coming in and where it is going. If you are unsure take a week or two to write down every purchase you make. For me, I was eating out way too much and spending money on little things that I didn’t even need. In order for you to get out of debt, you will have to tighten up and cut out any extra expenses.

What happens if you eliminate extra spending and still don’t have enough money?
You take on another job (if possible) or go through your home and have a garage sale. Are there any items that you don’t need. Sell them and use them as a way to jump start you way to tackling your debt. I have to tell you upfront, sacrifice is a necessity when it comes to digging your way out of debt. It isn’t always going to be fun and there will be times when you just have to say to no to something that you really want. Anything worth having is worth sacrificing for.

Stay Tuned for Part 2 of Today is the day! Taking the step to financial freedom.