8 THINGS YOU MUST AVOID BECOMING DEBT FREE – Mistakes We Made Paying Off Debt For Three Years

Top YouTube videos about how To Get Debt Free, Debt Relief Options, Low Rate Secured Loans Secured Loans Uk, and How To Be Debt Free, 8 THINGS YOU MUST AVOID BECOMING DEBT FREE – Mistakes We Made Paying Off Debt For Three Years.

Becoming debt free is a HUGE deal. It took Brittany and I 3 years to pay off our debt and become debt free. Here are some things we learned to avoid.

• Our Budget Template (free): http://www.mikeandbrit.com/budget
• Our Debt Payoff Organizer: https://www.mikeandbrit.com/debt-organizer
• Our Robinhood Invite Code (grab a free stock): https://join.robinhood.com/michaem27270
•Gear We Use for Our YouTube Videos: https://www.amazon.com/shop/mikethemathman?listId=2F90KJ814LCXF
•Instagram: https://www.instagram.com/itsmikeandbrit

1) Doing it Half Way.
If you’re going to become debt free, go all in. Be dedicated to it. If you do it half way, you may not make it and it will take twice as long as it could have. The more energy and effort and sacrifice you make to become debt free, the faster you’ll become debt free.

2) Wrapping your identity into your car.
Dave Ramsey often suggests to people who are in a bad financial situation to sell their cars if it makes sense. Trade it in for a beater. It definitely made sense in our situation. I traded my $30,000 Toyota Prius in for a $10,000 2004 Acura TL that I STILL FINANCED. I should have traded down even further for something like $4k or $5k. We would have been debt free a month or two more quickly.

3) Not doing a written budget.
Budgeting allows you to track every single dollar you earn and spend. It’s basically a 30,000 foot view of what’s happening with your money. It allows you to see what’s happening with your money so you know what changes to make to bring you to your goals financially. Don’t over think it. Don’t argue about it like we did. Don’t think you can keep track of every little thing in your head. You can’t. Just do a budget.

4) Not sticking to the budget.
A budget is something both of you do together and agree upon (if married). Be realistic with your budget. Practice self awareness. Don’t make a budget you don’t think you can stick to, or else it will lead to feelings of failure.

5) Not giving yourself “fun money”
I’m the type of person who can sit at home and play video games all day, eat the same thing for every meal, and be totally fine. Brittany not so much. Know yourself well enough to determine if you need a few dollars to play around with every month.

6) Not celebrating small victories enough
Give yourself a moral boost. When you pay something off, celebrate it somehow. Don’t go spending $300 for a high end dinner, but mark the victory with something.

7) Not communicating about purchases
This one is mostly for married couples. Communication is kindness. Everyone knows the leading cause of divorce is finance related. Communicate with your spouse about money. Over-communicate. The lack of communication between Brittany and I at the beginning led to a lot of arguments.

8) Going to the grocery store while hungry.
Don’t do it! If you’re hungry, you’re more likely to spend more than you need to on food. We did this a lot.

———————————————————————————————————–
~~GEAR I USE~~

Camera 1 – Sony a6300 – https://amzn.to/2IT0sht
Camera 2 – Sony a6500 – https://amzn.to/2ZvONuX

Lenses:
Sony 10-18mm f/4 – https://amzn.to/2DuIMpf
Sony 50mm f/1.8 – https://amzn.to/2Dtob4D
Sigma 16mm f/1.4 – https://amzn.to/2ZpYZW5
Minolta Maxxum 75-300mm f/4.5 – https://amzn.to/2Gw1Cgb

Tripod – Manfrotto 290 Xtra – https://amzn.to/2GEvKYg
Tripod Head – Manfrotto 3-Way Photo Head – https://amzn.to/2IOjNAw

———————————————————————————————————–
Intro Music:
Track: Marin Hoxha & Caravn – Eternal [NCS Release]
Music provided by NoCopyrightSounds.
Watch: https://youtu.be/hECg1-wUyKg
Free Download / Stream: http://ncs.io/Eternal

Outro Music Provided by:
YouTube Library – Foundation
———————————————————————————————-
Legal Disclaimer: Michael Miller is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

How To Be Debt Free, 8 THINGS YOU MUST AVOID BECOMING DEBT FREE – Mistakes We Made Paying Off Debt For Three Years.

Follow These 5 Actions To End Up Being Debt Free

There are two types of debt the protected and unsecured loan. Management, relief and combination all provide some type of solution to your credit problems. A person does not need to travel down this road alone.

8 THINGS YOU MUST AVOID BECOMING DEBT FREE – Mistakes We Made Paying Off Debt For Three Years, Explore most searched videos relevant with How To Be Debt Free.

Debt – 7 Actions To Erase Debt

The bankruptcy filing will stay a mark against them for 7 years. Make the concern list according to your convenience. As unlimited as the choices are, you’ll locate 2 standard subgroups to select from.

So you have actually reached the point where you understand you need assist with your charge card debts, and you have actually chosen it’s time to pay them off with a home equity loan. Wait! There are other alternatives. You don’t require to risk the house you’ve worked so hard for, in order to get rid of those credit card balances.

The only financial obligation flexible is unSecured Debt. You can eliminate your credit card financial obligation however we will pertain to that later. The creditors will not work with you if the financial obligation has actually been secured with any collateral. It is very essential to keep in contact with the creditor in case you fall behind in payments on a secured financial obligation. Deal with them by all means and never avoid their calls. The lender has the power to repossess or position liens on your residential or commercial property in case you stop working to make payments on a Secured Debt.

They do not have assistance. Having financial obligation concerns is like having mental health problem. It exists but no one wants to talk about it. And a lot of don’t understand where to turn to.

Oh, oh, that is just what I said it is coming out of the pockets of the citizen. Who would have believed that the basic public would be paying off the debt of individuals that they do not even understand? Ouch, that hurt. Do not despair now, everything is going to be all right. Those in charge know simply what they are doing and they intend to keep right on doing it. They are offering away totally free cash to those that they believe deserve it. Complimentary government grants for debt relief are meant to make life easier for a chosen few by giving them a simple way of becoming Debt Free.

Charge card settlements may be much easier given that the financial obligation is long-term Revolving Debt. The lender wants you to keep their card and continue spending. It does not hurt to try energy business if you are behind on their payments.

There are numerous factors for this. In current years, you can blame your financial issues on the unexpected economic recession. Due to the fact that they were laid off from their long time tasks, a lot of customers were left not able to pay off their financial obligations. Some consumers get so deep in debt since of a sudden health problem. Another reason is excessive spending.

It is likewise truth that personal loans financial obligation consolidation is hardly ever successful. Customers begin it with great intents, but less than half succeed and eventually end up either in debt settlement or bankruptcy. At that point, difficult possessions can be lost to default. Anybody considering this type of consolidation owes it to themselves to have a look at all the programs readily available. In all possibility, something aside from consolidation may work and be much more effective in the long run. For the one regular monthly payment, there is more available than just debt combination. The other methods may deserve examining.

Then high interest is likewise charged by you, if you use credit card. This thing must be remembered by you. The loan includes taking a single loan to pay off the other loans. Do not attempt to run away from debt.

If you are looking unique and engaging reviews relevant with How To Be Debt Free, and best Debt Relief Solutions, Settlement Debt, Causes Of Debt dont forget to list your email address in email alerts service totally free.