10 Budget Moves for Debt Freedom

Disclaimer: I am not a license professional financial coach, advisor, or consultant. Just sharing what works for me in hopes that it helps others.

  1. Money goals – what money goals do you have? What is it that you’re trying to achieve financially?
  2. Lay out all debts/bills – seeing the bigger picture helps you to know where you need to start.
  3. Budget planner – write it down. If you’re a techy, create a spreadsheet. (Let me know if you would like one created for you)
  4. Kill old habits – clubbing, happy hour, restaurants, girls trips, and spas will always be there. Pay off your debts and you can do those things on a regular with no worries.
  5. Meal prep/plan – I can’t stress this enough. We are the fattest country with the most people in debt. Eating out plays a huge role in our debts. I created a meal planner just for that purpose: to help in cutting down on eating out.
  6. Become a hustler – side hustles are something millennials have had no choice but to do. We have the most degrees and the most jobless or working jobs barely making ends meet. My friend Valencia Morton has two ebooks on side hustles. I also created a video a while back on side hustles that help me.
  7. Gift cards – can never go wrong with free money to your favorite places or online stores.
  8. Sinking funds – save towards big purchases like Christmas gifts, travel, birthdays, etc.
  9. Stop using credit cards/personal loans – they are the devil and why most of us are in debt now.
  10. Emergency fund – if you don’t do anything else, at least have an emergency fund. Don’t get caught without one in an emergency situation. You’ll create more debt. I can attest to that first hand.

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