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Making Sacrifices While Paying Off Debt

Making Sacrifices While Paying Off Debt

This post may contain affiliate links. Check out my Disclosure Policy for more information.

Paying off debt can be a scary thing to start. I know for myself, I was terrified of my reality when I hit my financial breaking point during grad school.

6 figures of debt and a teaching salary scared the living you know what right outta me. I didn’t know what I was going to do. I had dug myself such a massive hole and I had the absolute smallest shovel to get myself out with.

To this day I thank my grad school advisor for smacking some sense and reality into me when I was still in school and my loans were in deferment.

Without her, I would have been in a longer program, making less money in grad school, getting less scholarship money, making less as a teacher in NY, and paying for rent. The numbers literally didn’t add up and I most definitely would have been living on credit cards for my daily expenses.

Because of her, I made sacrifices so that I can build myself a much better future. I moved home after graduation to live rent free and get a higher salary in NJ. This allows me to reap the benefits of living in a high cost of living area (higher salary), while not paying the sky high rent in the area.

Sometimes you need an outside person to look at your situation and help you create a game plan. I didn’t think to actually create a fake budget at the time, I didn’t know anything about money back then. She got me to start being interested in personal finance and taking an active role to get out of debt ASAP.

If you’re someone that needs help with this, reach out! Find someone to help you. I’m always available to help and if you want something with more structure I have email coaching to help you.

The reality is that you’re going to have to make sacrifices while paying off debt, if you want to do it quickly. For me, I really enjoy my life now while paying off debt. Of course, I’m planning to move out shortly, but this journey has showed me what I truly value and enjoy. Most of which costs little to no money.

Here are some reasons why you should make sacrifices while paying off debt.

1. It can help you save money on high ticket expenses while you pay off debt.

The classic example is the money you spend on housing. This is always a high ticket expense in your budget and one that you should try to get as low as possible. By figuring out ways to lower your housing expenses, it will allow you to spend a little more in areas that may bring you more joy.

For example, by living at home with my parents I am making my housing expenses zero. This allows me to put a ton of money to debt, but also lets me still go to the gym, have a larger grocery budget, and occasionally go to happy hour or dinner with friends.

I’m not saying move back home with your parents. That’s not always realistic, but start thinking creatively about your housing situation. Can you get a roommate(s)? Can you find a smaller or cheaper apartment to rent? Recently, there have been people in the #debtfreecommunity on IG that are selling their houses to pay off their debt.

You need to figure out what you value and what you want to spend your money on. For me, the sacrifice of living with my parents is by far worth getting out of debt faster.

2. It can increase your income while you pay off debt.

I love a good side hustle and I think everyone should have multiple streams of income. It’s worth it to sacrifice a bit of time short term, for the long term gain of being debt free.

Currently, I work a lot of side hustles and it does take a decent amount of my time. Is it ideal? No, but I know it is temporary while I pay off my debt. Without a doubt, by working these side hustles it has brought my debt free date closer and there is no way I would have paid off as much as I have without them.

The great part about side hustles is that you have total control over them because they aren’t your main source of income. I always try out a side hustle and see if it works. If it doesn’t, then I figure out an exit strategy and stop that side hustle.

By making the short term sacrifice of working extra side jobs you will be able to increase your debt payments and ultimately save money in interest in the long run. Figure out what you can realistically manage and see how much you can make to move your debt free date closer.

3. It can create habits that you end up keeping.

When you’re paying off debt, of course you’re going to start doing things for the short term. At first they may be considered sacrifices, but I guarantee that you will eventually adopt some of these new things as habits.

For example, I know that I will always work multiple jobs. It’s just in my nature. I enjoy changing things up and doing different things. I think that’s why I like being a teacher, every day is always different. Eventually I won’t work as much, but I think I will always work extra jobs.

Also, at first my living arrangement was solely so that I could pay off debt. Now, I want to always make sure to live way below my means. This definitely means that I don’t plan on buying a big house, I enjoy small, minimal living now and I don’t plan on changing that.

The sacrifices at first that you create might just end up being habits that you create and end up enjoying. I am shocked by how much my life has changed since committing to paying off my debt. It’s amazing what you end up valuing in the long run when you have big goals.

Remember, the sacrifices you make are temporary.

Ultimately, the sacrifices you make are temporary and once you have reached your goal, you can change things again. What it comes down to is always having a goal you want to reach. This will help you to determine what you are willing to sacrifice.

If you want to reach your goal faster then going out to dinner, you may decide that night out isn’t worth it. The best part about personal finance is that it’s all up to you. You can do whatever you want and you need to decide if your goals are more important than certain things. What have you sacrificed to pay off debt?

Debt

Debt Free Update: $124,378 Paid Off!

Debt Free Update_ $124,378 Paid Off!

This post may contain affiliate links. Check out my Disclosure Policy for more information.

I feel crazy typing this, but now that I’ve been on this journey for roughly 3 and a half years, I feel so close to being debt free, even though I have $76,718 left. Maybe that isn’t crazy, but I know I’m no where close to being done, it just seems so much more manageable.

I remember when I hit my financial breaking point and absolutely freaking out about just affording my minimum payment on my teaching salary. Now I’m at the point where it’s no longer a stress in my life.

Of course, I still have about $1,100 as a minimum payment every month, but that’s a lot less than the $2,000 it was when I started. My monthly minimum payment would be $1,000 now, if I didn’t refinance.

Yes, I took about a $100 increase in minimum payment, sounds crazy right? But, this allowed me to get an interest rate of 4.97% instead of 7.05%, totally worth it in the long run.

Refinancing isn’t for anyone, but for me and my student loans, it was something I had been working to do for years. I am so happy to have a lower interest rate because so much more of my payment goes to the principal now. If you are considering refinancing your student loans, check out my post that outlines some questions to ask yourself before doing it!

Debt Free Update: Private Loans

I hate all of my student loans, but especially my private loans. I especially hated them when I had my old provider. I will say, I don’t hate them as much since I refinanced them with Earnest back in September 2018. They are awesome to deal with, listen to feedback and actually make the changes, and I am finally seeing actually movement in my pay off of them.

In September 2018, I refinanced $45k of my student loans, which was all of my private student loans. Now, I have $23,981 in private loans, I’ve paid off $21k in 7 months, just in my private student loans! This never would have been possible, if I didn’t refinance my loans, because I was paying so much in interest every month. If you are considering refinancing your student loans, you can use my referral link to get you $200 when you refinance!

Things are very up in the air for the second half of the year for me, my plan is to pay my private loans off by the end of the year. This goal will change depending on how things pan out after June.

Debt Free Update: Federal Loans

My federal loans are still on income driven repayment. I just renewed it and my payment is going up $50 to $300. This is actually a good thing because my loans accrue about that much in interest every month.

While focusing on my private loans, I have been paying the minimums on my federal loans, but making an extra payment every month to make sure the interest is paid off every month. The reason I do this is because I don’t want the unpaid interest to be added to the principal, making the loan increase. This will require me to pay even more in interest and even more in the long run.

This is why it is so important to understand these programs and stop making blind student loan payments. Your payment may be as small as $0 every month, which means your principal is going to increase on your loans. So, yes your loan is in good standing, but you are increasing your principal every single month!

My loan amount doesn’t really change much on my federal loans for now, I’m basically just paying off my interest every month. Right now my federal loans are $52,736. These are broken down in many smaller loans. Once I pay off my private loan, I plan to pay off my federal loans by avalanching the smaller loans based on their interest rate.

Debt Free Plan

I have been going very hard at my goal to pay off this debt as fast as possible. I’ve increased my income, moved back home with my parents, and cut my spending down. Currently, my debt free date is May 2021, which is incredible! It’s amazing what consistent choices over and over can do.

I’m not sure where my debt free journey will go by the end of the year. I have plans to move out, maybe get a new job, I’m okay to slow down my journey a bit to move out of my parents house. I have paid off so much debt, way more than I ever thought would be possible at 26 years old, that I’m okay with it all.

Right now, if I continue with my current plan, I will have just turned 29 when becoming debt free. My goal has always been to have my student loans paid off by my 30th birthday. Right now, I have a nice buffer of time on my side and I feel really good about where I am at with my finances. How is your debt free journey going?

Debt

Why Tax Deductions Shouldn’t Change Your Debt Free Journey

Why Tax Deductions Shouldn't Change Your Debt Free Journey

This post may contain affiliate links. Check out my Disclosure Policy for more information.

This time of year everyone is figuring out their taxes, filing their tax returns, making sure they get all of their tax deductions, and waiting on their tax refunds. It comes with this time of year. There is a huge personal preference to get a large refund or a small refund. I outlined why I plan to make myself get a smaller refund, but I understand why some people like a larger refund.

Currently, I get a larger refund because when I originally did my paperwork at work, I had no idea what I was doing. If I’m being totally honest, I’ve just been too lazy to change it! I plan to change it when I get a new job though.

A lot of times people get wrapped up in the tax deductions and it can be overwhelming. Lately I’ve been getting asked a lot about my debt free journey, especially by friends and family. Most of the comments I’m getting are surrounding my student loan tax deduction and not getting it when I pay off my student loans.

I try really hard not to eye roll at this, but it can be very difficult. Yes, I’ll lose my tax deduction when they are paid off, but I’ll get to keep all of that money. My friend shared this article with me that does a wonderful job explaining the math behind this, if you’re into that kinda thing like me!

Why Tax Deductions Don’t Matter

Okay, that’s being a bit dramatic. But, it isn’t exactly wrong. Yes, tax deductions are nice, but they shouldn’t dictate how you manage your finances. You should never do something solely because you’ll get a tax deduction for it, or it will lower your taxable income.

If your money move that you are making adds something else to your financial picture, then absolutely go for it! But, I wouldn’t make a move solely because you get a tax deduction. For example, I’ve literally heard people say they don’t want a higher income because it will push them into a higher tax bracket. That’s insane!!!! Taxes and tax deductions should not dictate your money moves, keep them in mind, but don’t let it sway you this much.

Let’s go back to my student loan interest tax deduction and losing that tax deduction once I’m debt free. The tax deduction would lower my taxable income by $2,500, but I’ll then be able to pocket and invest the $40k a year I’m currently paying towards my loans. Even if I just put it in a high yield savings account, that money would give me a nice return each year.

What you should do instead.

Pay off those pesky student loans! Put that money back into your budget because student loans are evil! I outlined why they are and how blind student loan payments will cause you to pay so much more on them, here. I encourage you to sit down, track your expenses, get that zero based budget going. Send all of your extra money to debt, after you have your emergency fund, and get those things out of your life for good!

If you need help with this, comment below, I love helping people get their budget set up and be sure to get my Google sheets template to help you get started with your own budget.

Don’t fall into the tax deduction trap.

It can be easy to listen to others when they are talking about finances. Don’t be afraid to be a little weird! If I listened to the vast majority of people, I’d still be drowning in $201k of student loans, instead of only $85k (HA!). But in all seriousness, the long term benefit of not having student loans definitely outweighs the small tax deduction I’d get every year, or not if my income increases. So, let’s get moving on freeing ourselves of student loans! I’d love to hear your experiences, have people told you not to pay off your student loans for the tax deduction?

 

Debt

When to Slow Down Debt Payments

When to Slow Down Debt Payments

When you’re paying off debt it can be difficult to slow down the process. I know for myself, I am so focused on paying off my debt that I sometimes need to be brought back to reality. It’s important to remember that a debt free journey is part of a bigger plan.

For myself, my bigger plan is to be able to live a life I love without having to think about money. But that also means that sometimes I need to not focus so heavily on my debt free journey and think about the reality of life. When you’re so focused on paying off your debt and the life you will live after your debt is gone, this can be difficult.

Sometimes, it’s important to slow down or stop extra debt payments all together. It depends on your life and what your goals are, but sometimes it needs to happen for what makes sense in the long term.

1. Unexpected life events would require you stopping extra debt payments.

This can be a long list and really depends on what your income is. But, any unexpected events, like job loss, or medical issues, could mean slowing down or stopping extra debt payments all together. If you’re single, this would definitely require you to stop making extra debt payments. But, if you have another income to rely on, it’s possible that this wouldn’t be the case.

My suggestion for any unexpected life events, is to stop extra debt payments and hoard any extra money. The reason this is important is because there is so much unknown in these events, for example, the recent government shutdown. Anyone who experienced the shutdown knows that the end is unknown. This means that you don’t know when you will be paid.

This is why it is important to stack any money you have coming in, even if you have a bit extra at any given time to throw at debt. That extra money will be there once you get through this unexpected event. Once things have settled down, then you can assess your finances and make an extra debt payment.

2. Any unknowns in the future could slow down your debt payments.

If you’re unsure about things in the future, you may want to consider slowing down or stopping your debt payments. This could be something like your job security being unknown, you may want to stop making payments or at least slow down.

This could also be something that you’re planning to do. For example, I am right now unsure of where I’ll be working and am planning to move this year. So, I am not stopping my extra debt payments, but I am slowing it down to put more money into my emergency fund to plan for it. This way I will have extra money to cover the unknowns of the second half of this year. Once things get settled for me, I can assess my finances and make an extra debt payment.

It is more important to plan for these unknowns when you know they are coming, then to simply hope things go according to plan. Hopefully the money you save up won’t be needed, but in the event that it is needed, it will be nice to have.

3. Needing to cash flow necessary expenses.

Life happens and sometimes you need to purchase things that wasn’t planned for, think car or house problems. It is better to slow down or stop debt payments to cash flow the purchase, then to go into more debt to purchase something. It’s pretty counter productive to being sending extra money to debt, but going into debt at the same time.

One way to avoid this is to cash flow the expense, meaning you send all extra money until you have the cash saved up for the purchase. If it is an expense that won’t be needed for a while, you can also start a sinking fund for it.

Everyone is different and decides what is considered a necessary expense, but it’s important not to go into debt for these things, if it can be avoided.

Keep in mind your long term goals when planning your debt free journey

Everyone wants to get out of debt quickly, but life happens and sometimes our plans don’t work out. It’s important to remember what you have planned for the long term, then to make extra debt payments. Sometimes, it makes much more sense to slow down or stop extra debt payments to get through a specific situation life has thrown at you. Just remind yourself of your long term goals in these situations. Have you had to stop or slow down extra debt payments?

Debt

How to Pay Off Debt on a Low Income

How to Pay Off Debt on a Low IncomeThis 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 pay off my debt on my low income.

Step #1: Create a budget.

This is crucial if you haven’t done this already. When I made my budget, I realized that my low income couldn’t support my loan payments and the cost of living in New Jersey. If I hadn’t done this, I most likely would have moved into an apartment, I couldn’t afford, because that’s what the plan was. Go to college, get a teaching job and get my first apartment.

By creating my budget, I quickly realized my expenses would be way more than my teaching income. This made me tweak my entire plan and led me to complete step #2. You can get my budgeting template here!

Step #2: Cut your expenses.

Once you have your budget, you need to cut any expenses that you can quickly and easily. I recommend doing anything that won’t change your lifestyle first. The reason I say this is because you want to create new habits and if you try to cut everything at once, you’re going to hate this process. Once you have cut the easy expenses, start trimming down what’s left slowly. Cut your grocery budget a little bit at a time and see how low you can go. Little changes you make slowly will add up.

The quickest and sometimes easiest way to cut expenses is to find ways to cut down your spending in necessary categories. For example, rent in New Jersey is outrageous, so I moved back home with my parents. This was a quick way to cut a large expense from my budget. Yes, as a 20-something I’d love to be living in my own place, but that just wasn’t an option for me when I had so much student loan debt and a low income. Especially since I was a 10 month employee, so I’d have no income from my teaching job in the summer months.

This obviously isn’t an option for everyone, but my point is to find ways to cut those expenses that you need to make. Maybe get a roommate, downsize, or move to an area with a lower cost of living. These kinds of cuts will make major impact on your budget each month.

Step #3: Create a debt payoff plan.

There are plenty of ways to create a debt payoff plan, you can use a spreadsheet and create it yourself, or you can use a website, like undebt.it to create a plan for you. I personally used undebt.it because it does the work for me and I’m all about saving time. This website allows you to input all of your debt information and has you input any additional payments you can make. This allows you to see how much an extra payment can impact your debt pay off date and interest saved.

You need to decide what pay off plan you’re going to go with. The 2 most popular are the debt snowball and debt avalanche, but there is also one other one that I am currently using. The important part of any plan is that you are focusing on one account at a time while paying minimums on the other. If you have a lower income, I suggest you use the plan that I am currently using to free up money faster.

This step is what really motivated me to get serious about my debt pay off. When I saw how much time and money I was wasting to interest, if I didn’t make extra payments, I knew I needed to get this gone ASAP. This motivated me to keep cutting my expenses and to do step #4.

Step #4: Add side job(s) and earn cash back on required expenses.

When you have a lower income from your day job, it can feel like you’ll never pay off your debt. There just isn’t enough money left over at the end of the month, even when you cut your expenses as low as you can. By adding a side job or jobs, you can increase your income and allow that entire income to go straight to your debt. Side jobs have been a major help in me being able to pay off $105k in 3 years on my teacher salary. My salary from teaching hasn’t increased since 2016, but my side job income can increase easily if I choose to work more. Depending on how much I have going on with school, I work more or less.

I also use different apps for cash back on my groceries and toiletries. My favorite is Ibotta, this app allows you to take a picture of your receipt and earn cash back on the purchases that qualify. Using my link gets you $10 when you scan your first receipt!

Step #5: Sell everything.

I was shocked by how much stuff I had sitting around my house that I wasn’t using. I’ve held garage sales, sold on Poshmark, sold my textbooks on SellBackYourBook, and dabbled with Facebook Marketplace. All the money made can go to your debt payoff and it feels great to get rid of things you aren’t using anymore.

Remember: As long as you aren’t adding any new debt, you’re still moving forward.

Debt payoff is hard, there is no doubt about that. When you are inching forward slowly, it can seem like you’re never going to get out of debt. As long as you don’t add new debt, you are still moving forward though. That’s what is important to remember, if you aren’t adding any new debt, it is still moving forward. I put together all of my tips and tricks to mastering your finances as a twenty something into an ebookHow have you paid off debt on a low income?

 

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$105,405 Paid off in 3 Years on a Teacher’s Salary

$105,405 Paid off in 3 Years on a Teacher's SalaryThis post may contain affiliate links. Check out my Disclosure Policy for more information.

I graduated from graduate school in August 2015 with about $200k in student loans from undergrad and grad school.  My private loans went into repayment on November 2nd, 2015 and my private loans in March 2016. My debt free journey has been going on for three years now. I truly can’t believe it’s already been three years and I think it’s super important to reflect on my last three years of repayment to see ways I can improve my current plan.

Total Principal Paid Off to Date: $$105,405.82

Current Payoff Date: July 2021

Debt Free Journey: How I Paid Off $ of my Student Loans in Three Years

  1. Sacrifices. As a twenty something who recently graduated from grad school, the first thing I always wanted to do was rent my first apartment and start my teaching career. However, I knew that wasn’t the best choice for my current financial situation. Instead I found a teaching job 20 minutes from my parents house and moved back in with them. This was the biggest way I have been able to pay off so much in three years.
  2. Budgeting. These past three years I have really cracked down on my budget and tried to be very strict with it. This has helped me immensely to pay down my debt.
  3. Side Income. This was huge for me in the last three years. Throughout the year I managed to add 4 different streams of side income through 2 different after school programs, private tutoring, and babysitting. At this point, I can completely cover my monthly expenses through my side income with some left over, my entire salary and some of my side income go straight to my loans. Find out how I make on average $1,200 per month in side income.
  4. Debt Payoff Strategies. Since I have such high interest rates, I chose the avalanche method. This allowed me to focus on my highest interest, largest accounts first and then apply that payment to my next account. This continues until all accounts are paid off. This worked out wonderfully for me. Now that I refinanced my private loans and have a lower rate than my federal, I actually changed my debt payoff strategy to focus on the highest monthly payment. This allows me to still focus on my private loans and will allow me to move out on my own sooner. To figure out the best strategies, I always put my debts into undebt.it to figure out the best strategy.
  5. Refinanced my Private Loans. Refinancing is definitely not for everyone, but it definitely can save you a lot of money in interest, if done correctly. If you’re curious if refinancing is for you, check out my post to help you decide! I refinanced my loans with Earnest and got a lower interest rate and shortened the life of my loan. This resulted in my monthly payment increasing slightly, but in the long run, I will save money on interest. If you use my referral link from Earnest, you’ll get $200 when you refinance.

Debt Free Journey: My Plan to Make Even Larger Payments

  1. Selling Items. Recently I have started purging my belongings that I don’t use anymore, like clothes and purses. It is crazy how much stuff we accumulate and don’t even realize it. In the next year I am planning to get more serious about selling my items I don’t use anymore to apply that money to my debt.
  2. Side Income. In the last year I have added many new students to tutor, it is now getting hard to schedule new clients because my schedule is so booked. I’m now going to focus more on creating income streams from my computer. I plan to find new ways to make money from home, since I have reached my maximum amount of babysitting and tutoring I can realistically schedule.

I’m very proud of myself for being able to make my money work for me and pay off so much of my student loans in three years of repayment. My goal was to finish paying off these loans by my 31st birthday, which would be April 29th, 2023, since I have clearly met that goal, my new goal is do everything I can to pay these off before my 29th birthday, which is April 29th, 2021. I’m so excited to improve my strategy and plan to pay off even more in the next year to pay off my debt even earlier! How much were you able to pay off in three years of repayment? What was your strategy?

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6 Strategies to Help with Anxiety While Paying Off Debt

6 Strategies to Help with Anxiety While Paying Off DebtSomething that I haven’t shared with you all is that I deal with anxiety pretty regularly. I have found ways to keep it under control, but there are times when it completely tears me down.

This happened to me last month. It was a tough time for me with changes at work, side jobs, everything seemed to be changing. And I wasn’t happy about a lot of the changes.

With a lot of change, comes a lot of over thinking for me. Do you my new co-workers think I can handle this job? Am I doing a good job in this new role? Am I doing everything right?

Making a huge life change, like getting your finances in order, is bound to cause some overwhelming feelings. I’ve been on this journey for almost 3 years and have been budgeting for 4 years. I still am facing anxiety over my finances.

It usually creeps up out of no where for me and leaves me with knots in my stomach, my thoughts going a million miles a minute, and usually is accompanied by nausea and not being able to sleep.

Luckily, I have found some strategies that have worked for me to handle anxiety when it gets to be too much.

1. Stop the anxiety before it really starts.

This can’t always be done, but when I have been able to get myself before I really nose dive, it is very helpful. If I notice myself over thinking about something or fixating about a situation, I will do my best to get my mind off of it.

Find things that are distracting to you. For me, it depends on the situation. Sometimes, I need to go do something active, sometimes I need to just zone out with a movie or TV show, sometimes I need a book to get lost in.

It’s always different for me and it usually depends on how far gone I’ve let myself go into overthinking. Sometimes this doesn’t work at all. This strategy has been less effective for me recently and I think it’s because I do a lot in my day to day to help with my mental health and my personal development.

In the long run, this is good, but when I find myself fixating on something, it usually takes much more to get me out of it now.

2. Invest your time into personal development.

This has been wonderful for me. I can’t speak highly enough about the importance of personal development and spending time to do it every single day. This could be through a book, audiobook, video, whatever interests you and you think you need to work on.

This has helped me so much in my day to day and I really don’t find myself with a lot of anxiety inducing thoughts anymore. It usually takes much more for me to get into the pits now, which is good overall.

I didn’t think I had the time in my day to devote to this, but I found that I could make my commute time more productive. Whenever I’m going to be in the car more than 15 minutes, I put on the audiobook that I’m listening to. This has helped me so much and almost always boosts my mood and gets me ready to tackle the day.

3. Prioritize your health every day.

I find that when I am regularly being active, getting a good amount of sleep, and eating healthy, I’m generally in a better head space and can handle the stress that gets thrown my way. When any of these things don’t happen, I find it harder to manage my emotions and stress on the daily basis.

By making it a regular priority, it helps in the long run to manage your anxiety, and it helps you save money on medical expenses. Win!

4. Complete a daily mental dump.

Every day I start off and end my day by completing a mental dump. What I mean by this is that I write down all the things that are bogging down on my thoughts. Usually they are things I need to do, those things are kept for me to cross off throughout the day or week. For things that I am overthinking about, which is pretty regular for me, I write those down and then throw them out.

It may sound corny, but getting all of my thoughts down on paper and doing something with it, really helps me manage it all.

5. Step away.

Something I really struggle with is knowing when to take a break. When my anxiety starts up I do one of two things, tackle everything head on, or completely shut down. When I can’t use the above strategies to manage it, I usually shut down. However, when I manage my anxiety on the day to day basis, I am usually able to be productive, especially if I first step away from the things that are triggering my anxiety.

It’s important to know when you need a break to reorganize your thoughts. A quick walk with nothing to interrupt me does wonders for my productive when I’m feeling my anxiety creeping in.

6. Avoid caffeine after a certain time.

This is one that I never thought about doing. I’m a teacher, I practically survive off of caffeine some days. But, the reality is that when I’m feeling anxious about things, I’m overthinking. Overthinking doesn’t just stop because I’m tired and sometimes it can be really hard to shut my mind off at night. During the week, when my anxiety is usually at the worst, I don’t drink caffeine after breakfast.

Of course, there are some days when I’ll have tea because I just can’t make it to my side jobs, but overall, I don’t drink it after breakfast. This means I’m typically completely exhausted by the time my head hits the pillow.

Paying off debt can be very overwhelming and if you’re someone that struggles with anxiety, it can seem impossible. I hope these strategies help you, like they have helped me over the years. Overall, these strategies have helped me so much in managing my anxiety on the daily basis. Of course, sometimes these strategies won’t work, I’ve been there. But, these strategies have helped me gain better control of my daily life. How have you managed your anxiety?