home loan finance blog
As the cost of living rises normally above that of the average wage rise it is becoming quite common for people to be getting into debt and deeper into debt than would be comfortable for most people. We are going to take a look into how you can help yourself in getting out of debt.
The speed of everyones lifestyle in todays day and age has become one of convenience and a throw away society. This does not help the environment and certainly doesn’t help our bank balances especially when we are looking at getting out of debt.
“I don’t need that I am going to throw it away!” This must be the phrase that I use to use most especially when moving. I moved apartment 3 times in 3 years when I first met my wife and the first time (after a year) we threw away a lot of things that were in some way valuable not only in money value but also in sentimental value. However the second and third of our three moves helped a great deal with getting out of debt and we now have zero debts (not just because of this but it helped a great deal). By selling what we were going to throw away we not only paid for our move but we had money in the bank after paying the deposit as well.
I hear people saying “That’s fine but I am not moving!” OK but I am sure you have a room or a garage full of things that you have been keeping for a rainy day. All of the things in that place you store “stuff” and lets face it in reality it is just stuff, think of the last time you looked at it or the last time you used it. That exercise bike that you got that you never used (I had one so don’t feel bad) can help you in getting out of debt.
Have you looked at your last grocery shopping receipt? I did I was horrified at what I saw, not only was the amount at the bottom of it more than I thought I was spending each week but it was also a great deal more complete junk that was clogging up my kitchen. I was throwing away salad that wasn’t used and basically wasting a lot of what I was purchasing that was fresh when I put it in my shopping cart. By stopping to buy fresh on my way home from work twice a week I was using everything that was in my fridge and (fanfare please) saving $25 a week in food that was going off! This was another major help in getting out of debt.
These are just a few things that helped me and help lots of people in getting out of debt and a few minor changes in the way I did things and making sure that instead of storing for a rainy day I got money for.