I’ve had debt as long as I can remember.
It wasn’t something I was ashamed of, or particularly worried about. Debt is the American way after all.
But last Spring I noticed it was down to around $3,000 and I finally felt that little spark of excitement at the prospect of being debt free.
Then August came.
One of the toughest parts of getting out of debt is finding extra ways to save when you’ve already cut your spending to the bare minimum.
It may seem like there’s no other option apart from exploring ways to earn more money, but there is something you can do.
You can save when you spend.
Our lives are dictated largely by habit and here-say.
We tend to make our decisions based either on our previous ones or based on the advice and anecdotes of others.
Despite the fact that we largely ignore financial education in the US, we’ve still been subject to the odd rule of thumb when it comes to handling money or making financial decisions.
We get paid bi-weekly, which can make monthly budgeting a challenge.
I firmly believe in the YNAB way of only budgeting the money you have available (not what you expect to receive), but as much as I love all things YNAB, the monthly layout isn’t exactly helpful for seeing where you are at a glance, especially when you’re in the paycheck to paycheck cycle.
So I’m experimenting with my own creation this month.