If you’re living debt-free in today’s day and age, you should feel lucky. With the amount of credit card debt, student loans, and financing we do, it’s always a struggle to remain in the positive when it comes to our pockets. Here are some of the most effective ways you can learn to pay off your debt faster, so that you can get rid of that looming feeling.
No, not just make a budget. Stick to it. Keep a list of your monthly budget, as well as how much you’ve spent on your debit card. This way every time you think about swiping, you’re reminded of just how much you have left. Compare that with the bills and loans you have piling up, and maybe you’ll think twice about getting that new pair of shoes.
Surprisingly, keeping your mind occupied with positive energy can keep you from spending more money. Listening to savings podcasts, videos, or anything that encourages you to save your money is a great way to keep yourself distracted from online or in-person shopping.
Speaking of online shopping, why not clean out your e-mail inbox and pay off your debt at the same time? Unsubscribing from newsletters and promotions that stores and industries flood you with will make you less tempted to spend your hard-earned cash on these false promotions. It’s like a detox for your e-mail and your wallet at the same time.
What are you waiting for? Get that debt down today!