5 Ways to Get Debt Payoff Minded

Any time of the year is a great time to make adjustments that will help you improve your debt relief journey. You can never start too soon! Learn more in this week’s blog.

Maybe your debt relief journey has slowed and you need to make adjustments to get it going again. Or maybe you haven’t even begun your journey yet.  No matter what the reason, here are 5 Ways to help your Debt Relief Journey. 

1. Take the Debt Relief Workshop

Preparing a budget is a necessary step on your Debt Relief Journey. It helps you see how much money you have to spend and decide how to best spend it. I’ve got a free budget class you can take right now!

Without a budget, you aren’t on a journey, you just wish you were.  Your budget is your game plan for achieving your goal to become debt free.  Take a positive step by taking the time to learn how to budget your money.

2. Tell Someone about your debt reduction goal. 

Goals that are a secret are not really goals, they are just wishes.  When you share your goals with others, you show your commitment to completing them.  You speak the words that set yourself in motion. 

Another benefit of sharing your goals with other people is that they can help you be accountable to your goals.  Choose someone you can trust who will help and support you.  Then use that support to help yourself be accountable for all non-necessary purchases that would hinder your debt relief journey.

3. Keep a Scorecard of your expense pay downs

Your scorecard should include credit cards and making extra payments on your mortgage and car loan.  The more excited you become about getting yourself out of debt, the more aggressive you will become in making sure it happens for you.  When you feel like you aren’t getting anywhere, pull your scorecard out so you can see all the little battles you have won!

4. Set up goals with bonuses for yourself

One way to give yourself some extra incentive to achieve your goals is to build in some bonuses for yourself.  Give yourself 6 month goals for paying down specific bills and making extra payments on large ticket items such as car payments and mortgage payments.  As you achieve your goals, have predetermined bonuses ready to reward yourself with.  Choose items that don’t blow your budget but are meaningful to you.  

Remember the goal is to keep yourself motivated, not spend a lot of money that ends up putting you farther in the hole than where you began.

5. Choose the first item you want to buy when you are debt free

Pick out something that you would like to purchase after you become debt free.  Get a picture of that item and hang it on your refrigerator and bathroom mirror to keep your goal in front of you daily.  This keeps your attention on the ultimate goal rather than the day to day activity of achieving it.

These 5 tips will help your Debt Relief Journey as we move through the year and beyond.  Use them to help keep yourself focused on achieving your debt reduction goals!

One of the best ways to focus your attention on the positive aspects of your debt relief journey is to make sure you have all the tools you need for your journey. Take my free debt relief workshop to make sure that you do!

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At www.BudgetingEssentials.com we want to help you become debt free.

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 some time, but the time you spend is worth it!- Dan Heiland

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God Bless your week!