Mastering the Art of Debt Free LivingAuthor: William Bevins, CFP® CTFA | June 08, 2021 | 0 Comments | 48 View(s)
Falling into debt is easy to do, but overcoming it isn’t quite as simple. Unfortunately, in today’s world, consumerism and high inflation costs have created a society where being in debt is more common than living without it. While people assume that living debt free is reserved for the wealthy, it doesn’t have to be. With a few lifestyle changes and a proactive approach to your finances, you too can enjoy financial freedom. To help, here are some tips for mastering the art of debt free living.
5 Ways to Master the Art of Debt Free Living
Getting out of debt and staying out of debt requires some dedication, but it is possible. Start by implementing these five things to help you live a debt free lifestyle. Just remember, it doesn’t happen overnight, so take your time, don’t give up, and try to be patient.
1. Create a Budget
One of the most effective ways to live debt free is to create a budget and stick to it, regardless of any changes to your income. Since we tend to spend more money when we make more, a perpetual cycle is created.
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