Рет қаралды 359
Today we talk about 5 frugal habits to become and live debt free.
1) Prioritize spending; these four things must be covered first, food, clothing, shelter, and transportation.
2) Write effective goals. Goals need a timeline. What are you saving for? Track progress Start saving an emergency fund, how much? Track progress
3) Practice active learning; if you don’t know how to budget, learn. Watch KZfaq videos and listen to podcasts. Go to the public library. You are never too old to learn new things.
4) Automate savings and investing by having it come out of your check before you ever see it. That is the easiest way to start saving.
5) Have patience! You didn’t get into debt overnight and you won’t get out overnight either. Make spending choices that align with your goals. Practice saving money to buy things instead of borrowing and making payments.
It is possible to get out of debt and live a debt free life! You can absolutely do it!
We appreciate you joining us today for our Coffee Talk ☕️
Keith & Terri