Stop living Pay Check to Pay Check. Everybody is tired of living this way. Only one person can make you stop living this way, and thats you. With these easy to read steps and very hard to follow, you can stop living that awful way. The steps are very easy, but try to have discipline. The key here is DISCIPLINE.
Step 1, you’ll rack up all the information you have of your credit cards, bills and anything you have to pay in a monthly basis. After you have all the information in hand collected for 3 months at least to make sure you have all your bills and thier amounts owed. Suggestion, write them down on paper, excel or how ever it is easy for you to read the information you have collected. Next, put the bills in order from the lowest amount owed to the highest (not including house payments) and don’t worry about the interest rates on the amounts owed, were taking these steps one at a time. We will make an emergency fund for at least $500. This is not enough for big emergenices but this will be good until we can finish the third step.
Step 2, you’ll have to make a budget of all your debts from the information you have collected from step 1. After you have the budget made; Live and Die by it. Here’s an example of how to make one. Modified it however you need to so it will fit your needs.
Step 3, is start paying down those bills that have been holding you back all this time. This may be a long procedure or it might not, it all depends on how much debt we have. (Friends took 1 year others took 3 1/2 years) It takes time to do this part and gets you closer to stop living pay check to pay check.(Patience is the goal) You’ll pay minimal on all the amounts except for the lowest debt. The lowest debt you’ll double it until it’s paid off.( You’ll start getting excited when bills start getting elminated) Then you keep doing this procedure until all your debt is whipped off. If you need to get extra jobs to knock this out. DO IT!
Watch for the next article so you’ll be closer to stop living that pay check to pay check lifestyle.