I Went From Owing $46,500 To Being Completely Debt-Free In Two Years By Making These 17 Small Changes To My Life
Who would’ve thought? Not me.
A few years ago, I was living paycheck to paycheck without any clue about how to manage my finances.
By slowly changing my lifestyle, I was able to see big results and eventually pay off my $46,500 debt.
Here are the 17 things I did that helped me get debt-free:
And just one quick note before we jump in: Although implementing these changes helped me pay off debt, not all of them may work for you. You know yourself best, after all.
Organized all my debt by writing everything down.
Focused on paying off one debt at a time.
I actually started tracking my expenses.
Calculated how much interest I’d have to pay.
Planned spending freezes.
I accepted feeling uncomfortable (temporarily).
Found cheaper alternatives to everything.
Which included becoming more creative in gift giving.
I did proper research on products before making any purchases.
Used credit card rewards points to my advantage.
I started being a minimalist.
I decreased my contribution to retirement.
And temporarily stopped contributing to savings (controversial, I know!).
I checked my credit card statements frequently to make sure I was charged correctly.
I cooked. Like, a lot.
And started mending old clothes instead of buying new ones.
Finally, I rediscovered the library and started borrowing books instead of buying them.
By incorporating these changes into my life, I achieved debt freedom in two years!