Change Your Mindset
Don’t underestimate the importance of this first step. For myself, it was believing that I had extra money from my paychecks to put towards my students loans. It was also about believing in myself to stick to a budget. Believing the reward would come after the sacrifice. Once you can see yourself doing all these things… your mindset has changed.
Create a Mint.com Account
Set Your Budget!
Decide to Commit & Dedicate Yourself
Getting out of debt is not for the faint of heart. It is not easy or quick. Otherwise, everyone would be debt free. Your committment and dedication to tracking your spending and getting out of debt is not a one and done sort of thing. It’s ongoing. It’ll be monthly. Weekly. And for some, daily.
Review Budget Weekly
Re-evaluate Budget Limits
Left Over Budget Money
Repurpose Extra Income
Tackle Most Expensive Loan
Rinse & Repeat
Moving forward, many of these steps will have to be revisited. Whether it’s adjusting your mindset again. Or adjusting your budget limits. Your finances are living and breathing just as much as you. It requires constant tender love and care to thrive and reach new heights never before seen.
It took me a lot of time to figure all of this out. I was constantly tweaking, reworking, and discovering new ways to budget and know 100% where my money was going. I had to be consciously involved 24/7, or spending would get away from me.
Dustin Olsen, A Debt Survivor