It’s been five years since I finally said goodbye to debt for good, and I still can’t quite believe it. When I started my journey in 2018, I had no idea if I’d ever be able to pay off all of my debt, but with a lot of hard work, dedication, and self-control, I was able to get out of debt in 2023. In this blog post, I want to share my story and the strategies I used to successfully escape debt.

Create a budget


Creating a budget is the foundation of any successful financial plan. It’s important to track and manage your expenses, so you can get out of debt faster and reach your financial goals.
Creating a budget should include evaluating your income, setting realistic goals, tracking expenses, and making adjustments to stay on track.
To get started, you will need to review your bank statements and credit card bills to get an accurate idea of how much money you make and how much you spend each month. This will help you set realistic goals and determine how much money you need to save or pay off debt each month.
Once you know how much money you need to save each month, it’s time to create a budget. Start by writing down all your sources of income and all your monthly expenses. Include fixed expenses like rent and bills, as well as variable expenses like groceries and entertainment. Be sure to include savings and debt repayment as line items in your budget.
After you have completed your budget, make sure to track your spending throughout the month to make sure you stay on track. You can use a budgeting app or spreadsheet to help you stay organized and motivated.
Creating a budget is the first step in getting out of debt, so be sure to take the time to do it correctly. By taking control of your finances, you will be one step closer to reaching your debt-free goals.

Cut back on unnecessary expenses
Unnecessary expenses can add up quickly and make it hard to pay down debt. The best way to cut back on these expenses is to analyze your budget and track your spending. Take a look at where your money is going each month and decide what you can live without.
Some of the most common unnecessary expenses include dining out, buying new clothes, entertainment, streaming services, and unused subscriptions. Going out to eat or grabbing takeout can cost a lot more than cooking meals at home. Shopping for new clothes is fun, but it’s often not necessary. When it comes to entertainment, find free activities or hobbies you enjoy. Cancel any streaming services or subscriptions that you are no longer using.
Small changes in your lifestyle can have a big impact on your finances. Cut back on unnecessary expenses, and use the money you save to pay off debt faster.

Automate your finances


When it comes to getting out of debt, one of the most effective strategies is to automate your finances. Automating your finances allows you to keep track of your spending and ensure that all of your bills are paid on time. It also eliminates the need to remember when payments are due, which can help reduce late fees and interest charges.


There are a variety of ways to automate your finances. You can use online banking services to set up automatic transfers from your checking account to your savings account or other accounts. This helps ensure that money is set aside for bills and savings each month. Additionally, you can use online bill payment services to automate your bill payments and make sure they’re always made on time. Finally, you can use automated budgeting tools to monitor your spending and create alerts if you’re nearing your budget limits.
By automating your finances, you’ll be able to see exactly how much money you’re spending and make sure that all of your bills are paid on time. This will help you get out of debt faster and ensure that you’re in control of your finances.

Use cash only


Using cash instead of credit cards can be an effective way to help reduce your debt. By using cash, you are able to keep better track of your spending and can easily see when it’s time to start cutting back. It also eliminates the temptation of using credit and will encourage you to stay within your budget.


If you’re used to using credit cards, the transition to cash-only may feel a bit awkward at first. Start by tracking all of your spending for a few weeks, so that you can figure out how much money you need to budget for each month. Once you have a good handle on your expenses, set up an automated transfer from your checking account to a savings account each month and use that money to pay for your day-to-day spending. That way, you will always have money saved up in case of an emergency.
It’s important to remember that using cash does not mean never using credit. Credit cards can still be useful for building credit or earning rewards, but should only be used if you know you can pay off the balance in full each month. If you’re worried about overspending with cash, you can try setting yourself spending limits for each purchase category and keeping track of them on paper or in a mobile app.
By using cash-only and staying within your budget, you can make sure that you are making payments toward your debt each month and making progress toward getting out of debt.

Invest in yourself


Investing in yourself is an essential part of getting out of debt. Many people forget that they are the most important asset when it comes to money. When you invest in yourself, you not only build your financial future, but you also gain invaluable knowledge and skills.
One way to invest in yourself is to take courses, attend seminars, or read books related to personal finance. Learning more about money management can help you make better financial decisions and increase your income.


Another way to invest in yourself is to find ways to increase your earning potential. Investing in a business, getting additional certifications or qualifications, or learning new skills can all be worthwhile investments that will help you get ahead financially.
Finally, investing in yourself also means taking care of your physical and mental health. Making sure you have enough rest, eating healthy foods, and engaging in regular exercise can all help improve your overall well-being and productivity, which can eventually lead to a better financial position.


Investing in yourself is an important step to get out of debt and become financially independent. With dedication, patience, and discipline, it’s possible to build a solid financial foundation and start creating wealth.

Live below your means


When it comes to getting out of debt, it’s essential to live below your means. This means you should not be spending more than you earn, and should always be making more money than you spend. To do this, track all of your expenses and create a budget for yourself so you know how much money you can afford to spend each month. Also, look for ways to save money by reducing your expenses, such as cutting back on non-essential items or shopping at discounted stores. Additionally, try to shop around for the best deals on things that you need.
Furthermore, consider investing in yourself by taking classes to gain new skills or start a side hustle to bring in additional income. Even small amounts of extra money can go a long way in helping you reduce your debt quickly. Finally, practice self-control when it comes to spending and avoid making impulse purchases. If you are able to live below your means, you’ll be able to pay off your debt faster and eventually become financially free.

Make more money

It’s been five years since I finally said goodbye to debt for good, and I still can’t quite believe it. When I started my journey in 2018, I had no idea if I’d ever be able to pay off all of my debt, but with a lot of hard work, dedication, and self-control, I was able to get out of debt in 2023. In this blog post, I want to share my story and the strategies I used to successfully escape debt.

Create a budget


Creating a budget is the foundation of any successful financial plan. It’s important to track and manage your expenses, so you can get out of debt faster and reach your financial goals.
Creating a budget should include evaluating your income, setting realistic goals, tracking expenses, and making adjustments to stay on track.
To get started, you will need to review your bank statements and credit card bills to get an accurate idea of how much money you make and how much you spend each month. This will help you set realistic goals and determine how much money you need to save or pay off debt each month.
Once you know how much money you need to save each month, it’s time to create a budget. Start by writing down all your sources of income and all your monthly expenses. Include fixed expenses like rent and bills, as well as variable expenses like groceries and entertainment. Be sure to include savings and debt repayment as line items in your budget.
After you have completed your budget, make sure to track your spending throughout the month to make sure you stay on track. You can use a budgeting app or spreadsheet to help you stay organized and motivated.
Creating a budget is the first step in getting out of debt, so be sure to take the time to do it correctly. By taking control of your finances, you will be one step closer to reaching your debt-free goals.

Cut back on unnecessary expenses


Unnecessary expenses can add up quickly and make it hard to pay down debt. The best way to cut back on these expenses is to analyze your budget and track your spending. Take a look at where your money is going each month and decide what you can live without.
Some of the most common unnecessary expenses include dining out, buying new clothes, entertainment, streaming services, and unused subscriptions. Going out to eat or grabbing takeout can cost a lot more than cooking meals at home. Shopping for new clothes is fun, but it’s often not necessary. When it comes to entertainment, find free activities or hobbies you enjoy. Cancel any streaming services or subscriptions that you are no longer using.
Small changes in your lifestyle can have a big impact on your finances. Cut back on unnecessary expenses, and use the money you save to pay off debt faster.

Automate your finances


When it comes to getting out of debt, one of the most effective strategies is to automate your finances. Automating your finances allows you to keep track of your spending and ensure that all of your bills are paid on time. It also eliminates the need to remember when payments are due, which can help reduce late fees and interest charges.
There are a variety of ways to automate your finances. You can use online banking services to set up automatic transfers from your checking account to your savings account or other accounts.

This helps ensure that money is set aside for bills and savings each month. Additionally, you can use online bill payment services to automate your bill payments and make sure they’re always made on time. Finally, you can use automated budgeting tools to monitor your spending and create alerts if you’re nearing your budget limits.
By automating your finances, you’ll be able to see exactly how much money you’re spending and make sure that all of your bills are paid on time. This will help you get out of debt faster and ensure that you’re in control of your finances.

Use cash only


Using cash instead of credit cards can be an effective way to help reduce your debt. By using cash, you are able to keep better track of your spending and can easily see when it’s time to start cutting back. It also eliminates the temptation of using credit and will encourage you to stay within your budget.


If you’re used to using credit cards, the transition to cash-only may feel a bit awkward at first. Start by tracking all of your spending for a few weeks, so that you can figure out how much money you need to budget for each month. Once you have a good handle on your expenses, set up an automated transfer from your checking account to a savings account each month and use that money to pay for your day-to-day spending. That way, you will always have money saved up in case of an emergency.


It’s important to remember that using cash does not mean never using credit. Credit cards can still be useful for building credit or earning rewards, but should only be used if you know you can pay off the balance in full each month. If you’re worried about overspending with cash, you can try setting yourself spending limits for each purchase category and keeping track of them on paper or in a mobile app.
By using cash-only and staying within your budget, you can make sure that you are making payments toward your debt each month and making progress toward getting out of debt.

Invest in yourself
Investing in yourself is an essential part of getting out of debt. Many people forget that they are the most important asset when it comes to money. When you invest in yourself, you not only build your financial future, but you also gain invaluable knowledge and skills.
One way to invest in yourself is to take courses, attend seminars, or read books related to personal finance. Learning more about money management can help you make better financial decisions and increase your income.
Another way to invest in yourself is to find ways to increase your earning potential. Investing in a business, getting additional certifications or qualifications, or learning new skills can all be worthwhile investments that will help you get ahead financially.
Finally, investing in yourself also means taking care of your physical and mental health. Making sure you have enough rest, eating healthy foods, and engaging in regular exercise can all help improve your overall well-being and productivity, which can eventually lead to a better financial position.
Investing in yourself is an important step to get out of debt and become financially independent. With dedication, patience, and discipline, it’s possible to build a solid financial foundation and start creating wealth.

Live below your means
When it comes to getting out of debt, it’s essential to live below your means. This means you should not be spending more than you earn, and should always be making more money than you spend. To do this, track all of your expenses and create a budget for yourself so you know how much money you can afford to spend each month. Also, look for ways to save money by reducing your expenses, such as cutting back on non-essential items or shopping at discounted stores. Additionally, try to shop around for the best deals on things that you need.
Furthermore, consider investing in yourself by taking classes to gain new skills or start a side hustle to bring in additional income. Even small amounts of extra money can go a long way in helping you reduce your debt quickly. Finally, practice self-control when it comes to spending and avoid making impulse purchases. If you are able to live below your means, you’ll be able to pay off your debt faster and eventually become financially free.

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