It's Time to free yourself from living paycheck to paycheck
If you live paycheque to paycheque, the idea of somehow having enough money to invest and eventually have financial freedom seems about the furthest thing possible.
The truth is no regardless of your income and place in life, a few changes to the way you’re living life can make all the difference. No matter where you are in life, it’s never too late to start learn and reverse course. If you’re still not convinced, there are a few simple ideas to get you started.
Create a Budget
In order to stop living paycheque to paycheque, you need to know where that paycheque is going. Creating a budget for month to month expenses and ensuring you are directing your money will make a tremendous difference in what is left over at the end of the month.
Pay Down Debt
If you have a lot of credit card or unsecured debt, try paying the minimum on all but one of them and aggressively pay down that one card. Once it's paid off, attack the next one. If you're so deep in debt that you can't fight your way out, consider consulting with a company who specializes in debt consolidation or redo your mortgage and use the equity in your home to get debt free and use the freed up funds to begin investing. Once the interest is gone from the monthly payments, you will no longer be living paycheck to paycheck.
It may be time to consider a lifestyle change. Consider moving to a smaller place. Replace going to that expensive gym with a trip to the local park. Making coffee at home instead of getting one on the go. Forgo those upcoming weddings and baby showers and Birthday parties – just until you are back on track.
Contact me today to discuss your options. Absolutely no obligation. I've helped so many families get back on track in a financially responsible and stable way. I can help you too!