3 Steps For Paying Off Your Debt Faster

I paid back most of mine in 6 months by applying these

Photo by Jp Valery on Unsplash

Nobody is free of mistakes.

Everyone shames or blames themselves once in a while.

I find it astounding how money can cause both of that quickly.

It’s quite absurd how many people make the same mistakes leading them to sacrifice their time, sleep, and health to pay back debt.

6 of the biggest mistakes I made, that I see other young twenty-somethings make as well, but also people in their 30’s and older:

• Impulsive shopping hauls without determining a budget.
• Living over one’s means and spending more money than they earn.
• Buying things to impress other people.
• Buying liabilities instead of assets.
• Not having a financial buffer for unexpected costs or emergencies.
• Using up the credit range of one’s bank account to the fullest.

The first step for change is taking responsibility

Looking back, I’m amazed at how I could do all that.

I wasn’t taking full responsibility for my situation.

A lack of knowledge…