Living life in debts is not an acceptable lifestyle no matter what banks and credit institutions say. It is also very difficult to ignore their enticing promises of what you stand to gain by purchasing their debt products especially when you have unsolved financial challenges starring you straight in the face.
This is avoidable no matter what point your are at right now. It may not look possible at the point where you might presently be at financially but it really is do-able, I promise you.
If you would just agree to try, you can do it! First step would be to quarantine your debts! Decide never to add any more to the present debts you may have at the moment (this is certainly not as easy as it sounds though). Instead start working on paying off your existing debts.
A simple way to approach this is to design a sort of vision board/milestone board for tackling those quarantined debts. Take a notebook and list out all debts. I tagged mine debts hit-list! At the end of your hit-list, sum up the figures to get an idea of what you are up against. I must warn you here that the figure will often times wind you but not to be disheartened or should I say, let that winding impact be the motivation you need to start doing something about it all.
Like I mentioned earlier, most people use a sort of visual aid to guide and encourage them on this journey. What a visual aid does for you is that it provides an opportunity for you for where you can mark off your progress and so you can easily see that you are actually doing something and that the debt is actually reducing no matter how slowly or quickly.
As you gradually pay your debts off, you strike through the paid off ones in your notebook debts hit list and then go to your journey/milestone visual aid and shade off or colour off the percentage of what has been paid off/reduced from the queue. It is more encouraging to have something to mark off your progress by. Place it in a location that you can't miss seeing it every moment of the day that you are home.
Due to the design of my home, I placed mine along with my meal plan on my refrigerator door. These are among the first things I see once I turn towards my kitchen or walk into my kitchen.
A simple way to approach this is to design a sort of vision board/milestone board for tackling those quarantined debts. Take a notebook and list out all debts. I tagged mine debts hit-list! At the end of your hit-list, sum up the figures to get an idea of what you are up against. I must warn you here that the figure will often times wind you but not to be disheartened or should I say, let that winding impact be the motivation you need to start doing something about it all.
Like I mentioned earlier, most people use a sort of visual aid to guide and encourage them on this journey. What a visual aid does for you is that it provides an opportunity for you for where you can mark off your progress and so you can easily see that you are actually doing something and that the debt is actually reducing no matter how slowly or quickly.
As you gradually pay your debts off, you strike through the paid off ones in your notebook debts hit list and then go to your journey/milestone visual aid and shade off or colour off the percentage of what has been paid off/reduced from the queue. It is more encouraging to have something to mark off your progress by. Place it in a location that you can't miss seeing it every moment of the day that you are home.
Due to the design of my home, I placed mine along with my meal plan on my refrigerator door. These are among the first things I see once I turn towards my kitchen or walk into my kitchen.
I have included this simple milestone thermometer I designed, to enable you start on your journey. I used the Naira currency but if you would like for me to include the design with any other currency, please feel free to let me know in the comments section. Happy debt freedom journey!
You can download it here to use for free.
Debt Freedom Milestone Thermometer Free Download
