Budgeting Essentials

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Debt Relief Begins Today-With You!

Wanting something does not mean that you are willing to do what it takes to achieve what you want.  What do I mean?  Some wants are simple to obtain, while other wants take time and discipline to obtain.  Learn more in this week’s blog.

Getting a cookie is far less cumbersome than say, getting out of debt.  When you want a cookie, you simply get up and get one.  Simple.  Getting out of debt requires more complicated steps than just getting up out of your chair to retrieve what you know is already there.

Willingness comes into play when the acquisition takes time and discipline.  For most people, debt is already in their lives.  What people want is to eliminate the debt that is already present in their lives and get to a place where they can pay cash instead of making payments for what they want.  Both of these steps will require time and discipline.  You need time to pay off old debt and discipline yourself to keep from acquiring new debt.

You could have the best program in the world to help you get out of debt, but if you just don’t feel like doing what it takes to succeed, you won’t.

So the first question that you have to answer for yourself is:  Am I willing to do what it takes to get out of debt?  If that answer is “No”, then neither I nor anyone else is going to be able to help you because you will not do what it takes to become debt free.

If your answer is “Yes, I am willing to do what it takes to get rid of my debt and learn how to save and spend more wisely”, this is good news for You!  Today is the first day of your journey to debt freedom.


Being Willing helps you do these things:


*Willingness gives you determination

*Willingness allows you to be creative in your spending

*Willingness promotes problem-resolution thinking

*Willingness protects you from overspending

*Willingness makes it easier to give up non-essential items


5 Ways to go from Wanting to Willing

Here are five key ways to graduate from just wanting to being willing:

 1. Think it through. Consider where you are financially.  If you are in debt, understand that the debt you have must be paid.  So why not pay off this debt as quickly as possible?  Put together a plan or get the help that you need to make this work right now.  Starting today!

If you are tempted to say not now, or maybe another time or another day…that day or time will never come.  The only time you have to do anything is right now.

If you are in your twenties, this is the time for you to be saving for a secure financial future.

If you are in your fifties, how much longer do you intend on working full time?

Promise yourself that debt freedom happens right now today.  No more putting it off until another time.  If you have debt piled up, then you’ve already waited too long.  Put the promise in writing and tape it to your bathroom mirror or refrigerator.

2. Put a plan in place. Take steps today that will put you on the right track.  If you can do this on your own, great!  If you need help, then look for someone who has plenty of experience doing this.  While it is alright to pay for a program to help you through the process, it is not alright to pay every month until your debt is clear.

Make a clean, fresh list of every obligation that you currently have.  Include interest rates, monthly payments, and check to see that there are no penalties for paying off your obligation early and in full.

Now make a list of all the money that you have coming in on a regular basis.  This would include wages and regular monthly income.  Do not include things like birthday money or occasional gifts from others.

Take all the regular income that you have coming in and subtract all of your monthly payments that you must make.  If you have a surplus, you are in good shape!  If you must pay out more than you are bringing in, you will need to bring in extra income until your incoming monies are larger than your outgoing monies.  This will likely mean a second job or obtaining a more economical place to live. 

 3. Follow the plan. Do not let anything get in the way of you following the plan that you have set up.  Only put on a credit card those things that you absolutely need to have to live.  Remember, the less you splurge now, the quicker your debt will be gone!

Of course you are going to want things.  Who doesn’t?  But hold off buying anything that you do not absolutely require.  For example, you don’t have to have a new or newer car right now unless the vehicle you have does not run or is too expensive to repair.  In that case, you may want to consider taking public transportation or ride-sharing with a coworker and paying a portion of the gasoline costs.  Relax.  This won’t last forever.

If you absolutely must have an article of clothing, visit your nearest Goodwill retail outlet or thrift store.  Many times you can find exactly what you need for a fraction of the cost.  People won’t even know where you bought the item unless you tell them.

Stay out of boutique grocery stores.  There are plenty of good stores with bargain prices and good quality.

Entertain at home.  Eating out can get very expensive very fast.  There are plenty of games, movies and other entertainment that won’t break the bank for you.  Remember, that you made a promise to yourself to get out of debt now, not to prolong it.

4. Chart your progress. Charting your progress may seem like extra work, but the point to doing this is so that you can see the glorious light at the end of the tunnel! By charting or keeping track of where you’ve been, where you are now, and how much more you have to go…the journey is much easier to bear.

Progress is a big deal.  Progress is also a booster shot to keep you going when you feel low.  When you can see that you are moving steadily toward your goal, you won’t want to give up.  You won’t throw in the towel.  What you will do is pick yourself up, dust yourself off, and continue with a knowing that you’re on your way to debt freedom!!!

5. Create a rewards program for yourself for sticking to the plan. Don’t allow yourself to go crazy here.  Intermediate goals deserve an intermediate reward.  A food item.  A rented movie.  Some popcorn.  Something small, yet deserved and desired.

Save the large reward for when you have completed your journey.  A huge reward at the end of a journey tastes so good.  A large reward before the journey is completed will tempt you to say that’s good enough and I’m done.  And you know where this leads…all the way back to square one.  And trust me; you don’t want to return to square one.  You’ve worked too hard and too long to waste your precious efforts.

Remember that it took some time (months and years) to get into debt.  Don’t beat yourself up.  What’s done is done.  What matters now is that you take the time to pay off the debt.  You are willing, not wanting.  I promise you that somewhere down your life’s path, you will be more than glad that you were willing today to do something about your debt!

Once a debt is paid off, take the funds you were using to make the payments on that debt and use that money to make larger payments on another debt.  Keep repeating this process until all your debt is gone.  When ALL your debt is gone, take those funds and use them to create a “surplus” fund for yourself and your family.  Give yourself a six to twelve month cushion of funds that you only use for emergencies.  Then you can create several “baskets” where you will invest and save.  Don’t put all your hard earned money in one place.  Everything on this earth is prone to failure, so don’t let one downfall create a situation where you lose everything you have.

Stick with the plan.  Keep your words right.  Say only what you want, not what you already have! 


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Get my Free Personal Debt Reduction Workshop.  This workshop will begin to change the way you think about debt and spending For The Better Life you want now!

You’ll be amazed how free you feel without debt! And just imagine the things you could do if you had no debt!

Anything you tolerate becomes normal to you. When you stop tolerating debt, you increase your ability to function without it.  You can get yourself debt free. It will take you some time, but the end is worth it!- Dan Heiland

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God Bless your week!


© 2019 Dan Heiland 2019 Kat Heil, LLC

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