Hi there my lovelies! Hope you all are doing well and staying safe. As we are all struggling to find some sort of normalcy, many are dealing with being laid off , due getting laid off, furloughed, and/are struggling to pay their rent/mortgage and bills.
I am grateful and extremely thankful that I had and still have a full time job. However, due to the rising cost of everything and other issues, I have racked up a hefty credit card debt. on top of my student and car loans, and mortgage. Me, from a year ago, would have been devastated with constant panic attacks. Nonetheless, one thing the pandemic has taught me is that life is too short and there is no point getting sick about all things though I have become an insomniac. I am still a human. As someone with ADD, it’s very easy for me to loose track of things. Today, I will share with you my journey towards financial freedom by following few rules.
- Hide Credit Card: The first thing that I did is put away all my credit cards away to a place where I don’t have easy access to .
- Create a Spreadsheet: As a data person, I do much better if I can visualize where I am now and where I want to be. The spreadsheet showed me the credit card balance, student loan, car loan. I then subtract the amount I pay each month minus the interest charge to estimate of about the time frame when I can realistically pay off the my credit card debt.
- Look at the Spreadsheet Periodically: I periodically check the spreadsheet and compare it against the actual balance. Seeing the trends of lower balance acts a positive reinforcement for me. It encourages me to stay on the current path towards debt elimination.
- Staying on Budget:Â Finally having a written budge and sticking to that budget allows me to stay on track and avoid paying late fees.
My dear lovelies! I am still int eh early phase of my journey towards financial freedom, but with your moral support, I hope to stay on track and reach the finish line. I would love to hear about your strategies in gaining financial freedom. Any advice I get will be of tremendous help to me.
One thing that have learned for sure that loosing hope is not an option for me, because it’s contraindicated for someone living with ADD and generalized anxiety disorder.
I hope you enjoyed this post as much as I did sharing my journey with you.
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Congratulations on this, and I think these are some helpful tips to manage financially. I think that during this time, mnaging finances is going to be harder than ever for many people, which shouldn’t be the case, and it doesn’t have to be the case.
Hi! Thank you so much for your comments. I know for sure it has been quite difficult more me dealing with my anxiety and ADD along with finance. However, as I have mentioned in my post, everything happens for reason, one big lesson that I have learned from all of this is life is short and patient is a virtue and that has allowed me to hold on to my mental fort and not let it crumble in the chaos. I really appreciate your thoughts. If you have any additional tips, I would be honored to hear.
Patience certainly is a virtue and I think that also focusing on thee little things can be very helpful 🙂