How We Paid Off $39,000 Debt in One Year - The Minimalist Money HoardersteemCreated with Sketch.

in debtfreeme •  7 years ago 

Here is a concise video sharing the tips this couple have for their success and how others can succeed just like they did.

6 Steps to Pay Off Debt Fast

  1. Spending analysis - where is your money going?

  2. Reduce your expenses

  3. Plan for expected expenses

  4. Set a monthly budget based upon the first three steps

  5. Put all extra money toward your debt

  6. Stick to the plan

How We Paid Off $39,000 Debt in One Year - The Minimalist Money Hoarder

It’s always encouraging to hear from people who have had success. Check out this previous post for another success story.

https://steemit.com/debtfreeme/@aboutyourbiz/how-we-paid-off-58704-in-24-months-1510627603-838221



Do you have debt you want to pay off? I have an idea for a project to start a debt elimination support posting/group, but I need to know if there is interest. Please let me know in the comments if you would like to participate in something that could help you get out of debt. It would be structured in such a way that you would not be putting up your personal details, but using percentages instead. I want people to be able to track their progress publicly and set goals and have accountability, but not be exposed in a personal way. Comment if you are interested!



Click on banner to see original post

(Banner courtesy of @merej99)

If you feel my posts are under valued or they are past the time when you can upvote and you want to donate or tip me, it would be greatly appreciated.

Bitcoin Cash (BCH) 1EEX5i7GmWiQvA5tgznBCoDELnTptg7QTT

Litecoin (LTC) LNjWTHLffYnjSzs8bTzfW3QwG5wMm41Ms6

Ethereum (ETH) 0x8C8c8374953d544914779be41B488FC3C90Ba75E

Ethereum Classic (ETC) 0x39e0a08b643ac7a7a512D5DF45A06709b85bB65a

Dash (DASH) XuyrA439rSj8MtR8hgvkAea8CAugZqZHGj



(Banner by @son-of-satire)

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

como lo haces? debo 5000$ tumblr_mgdhjlzBrL1qjtmpwo1_500.gif

English? I think you're saying you're interested in getting rid of your debt.

A good place to start is to know how much money you have and where it's going. You will probably need to track your spending for the next 30 days at least to get an idea of where you're spending your money outside of your normal monthly bills. Write down every penny you spend, for dinner out, for a Starbucks coffee, whatever. You will use this information when you put together a budget.

I'll be putting together a post talking about expenses and income and budgeting, but using percentages instead of specific amounts. This way anyone can figure their own percentages, even if they use other currencies.

Additionally, I hope to have people participating so they can share their progress with everyone while they create their own successes. This will provide a level of accountability, but using percentages provides a level of privacy too.

Thanks for commenting! I'll have the post I mentioned above ready soon and you can get busy tracking your money in the mean time. :)

https://translate.google.com/

Voy a agregar este enlace a todas las publicaciones futuras para cualquier persona que no hable inglés. Escribí en inglés y copié el español aquí para ti. Creo que de esta manera pueden participar personas de cualquier idioma. Todos podemos entender los números.

That is definitely a disciplined strategy and if a person plan and budget their money /bills correctly it is a really good plan.

Agreed, people can succeed if they really want to.