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The very first step into becoming financial free from debt is to save $500.00 or $1000.00 emergency fund. When you squrriel away this money and a emergenncy arrives; you will have the money to take care of this small problem. Instead of using a credit card to get out of this emergency you will already have the funds available.
Saving money is 80% mental and 20% physical. The biggest obstacle that is on your way is yourself, first you must change the way of thinking. Look into the mirror and say I can so this. Once your fed up being in debt and tired of the harassment from the debt collectors start by taking the proper measures to financial freedom. Once you create a budget stick with it and find ways to save money for the end of te month so you don't live paycheck to paycheck. Married couples needs to have constant communication and agree to the budget they are setting forth on.
The second step towards financial freedom is the debt snowball. Find your bills and look for the one that has the highest interset rate and pay that one off first. Once that is done roll that money to the second largest bill you have with its regular payment. keep repeating this process until all your bills are paid off. Another quick way is any extra money you have that you make from yard sales, auctions, babysitting, delivering pizza's you add to the highest bill.
Next time i will discuss the $10,000 emergency fund and the fourth step to the baby steps of financial freedom.
Thank you for reading my blog.
