Do you know where you stand financially? At the end of every month I sit down for 30 mins and complete a financial checkup. A financial checkup is a layout of all my income and expenses for the month along with an analysis of how I spent my money in the previous month along with any outstanding debt balances and a status update of where I stand when it comes to my financial goals, so the balance in my savings, sinking funds and investment accounts (including retirement).
I have had people tell me that they will always be in debt so they are going to keep making monthly payments forever.
Well, that is not true, there are plenty of stories showing people who have paid off large amounts of debt.
I created a YouTube playlist of motivational debt free stories, click here to check it out.
With the increase in identity theft (that Equifax breach scared everyone) I have been asked multiple times about what steps I’m taking to protect my credit.
Protecting your credit is not a one size fits all approach.
There are multiple ways to protect your credit and you should choose the option that is best for you.
Are you making the minimum payment on your credit card every month but it seems like the balance is not decreasing? Do you want to pay down your debt but you currently don’t have a large amount to put towards your debt every month? Well, guess what, you don’t need to put a large amount of money to see your credit card balance decrease.