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The Habits You Should Continue to Remain Debt Free

This is a guest post written by Good Nelly, founder of My Way Of Viewing, check her out for tips on all things personal finance. Paid off debts? What habits should you continue to remain debt free? It requires no mention that life without debt is what we all want to achieve. No one of us want to be in debt. There are so many things to do in life than wasting your precious time worrying about how to pay off debt. But, what happens when you pay off all your debt… Do you go back to your old habits and routine which led you to debt? No! On the contrary, when you have finally been successful of getting out debt, don’t leave any stone unturned to put debt away from your life. Few debts you should always avoid are credit card debt, payday loan debt, personal loan debt, and so on. However, you can take out a mortgage or an auto loan but make sure you manage them efficiently. Here are a few habits which you should continue or develop to keep debts at bay. Revisit your budget and make modifications Instead of thinking ‘budget’ a thing that existed [...]

How to Pay Off Debt on a Low Income

This post may contain affiliate links. Check out my Disclosure Policy for more information. When you search the internet for debt pay off motivation, it can be a wonderful motivator or it can quickly turn into wasted time filled with, “I’ll never be able to do that.” This was definitely me when I first started my debt free journey in 2015 with $201k in student loan debt and living on a teacher’s salary. At first, I had plans to get my first apartment after college and find a teaching job in the area. That dream was quickly shut down when I had the harsh reality that my teaching income wouldn’t be able to support my $2,000/month minimum student loan payment and living. I figured I’d never pay that off early and just make that payment for the rest of my life basically. That’s when I started getting really angry about my debt and realized that I’d never be able to do anything with that large of a monthly payment. I knew I needed to create some sort of plan to get out of debt and I’m sharing with you my exact steps that I took when it seemed impossible to […]

How to Zero Based Budget

This post may contain affiliate links. Check out my Disclosure Policy for more information. Creating a budget can be a daunting task and I know that it prevents a lot of people from taking control of their finances. But it doesn’t have to be! I promise that creating a budget seems like a hard task to complete, but once it is done, it is easy to maintain. From conversations that I have had, it seems to be that people are scared of implementing a zero based budget. Creating a budget is one thing, but a zero based budget is intimidating to so many more. I was terrified to implement one at first myself. What if I overdraft? What if I mess up the math? There are so many what if’s, but a zero based budget was the game changer in paying off $105k in 3 years for me. Of course, side hustles and refinancing (use my referral link to get $200 when you refinance!) helped, too. At first, I had this crazy system for budgeting that would take me so long to do every month. It was too much. I eventually stopped using it and wasn’t really budgeting at all, […]

Why I’m Choosing FIRE

I’ve been on my debt free journey for 3 years now and honestly, it’s taking a toll on me. I’m ready to be done with it and moving on to bigger goals. I’m excited to have my debt paid off, but I’m so ready to actually keep my money! This journey is definitely hard, seeing all of my money going to debt is rewarding, but it still kills me to see all the money that goes to interest. I can’t wait for the day when interest is something that only makes me money, not costs me it. Seeing my debts go down and the interest lower definitely is rewarding, but what has really kept me motivated lately is what’s to come once this debt is paid off. I’ve been doing a lot of research and I can’t wait to put my plan to action. What is FIRE? FIRE means Financially Independent, Retire Early and it’s a movement that I totally can get behind. It basically means that you live a life of financial independence, not controlled by money. Most people that support this movement don’t actually retire early, but they do work that they enjoy because they don’t need the […]