Happy Tuesday wonderful people! I had the pleasure of appearing on Good Morning Washington to talk about the ABCD’s of becoming debt free! The four-step approach – assess, budget, create, and destroy provides an easy to remember strategy for becoming debt free.
ABCD’s of Becoming Debt Free
Assess the situation and find out how much you owe and to whom.
Budget and find ways to live below your means. Focus your resources on your needs and temporarily do without your wants.
Create multiple streams of income by working extra jobs.
Destroy the debt with extra payments on the lowest balance account while making the minimum payments on the others.
I am excited that I had the opportunity to share my message with recent graduates and others facing the huge burden of being in debt. Check out the video here:Learn the ABCD’s of becoming debt free. Watch it and share this message with someone who needs motivation to become debt free.
Join the Debt Free Squad
I hope you will join the squad. Joining allows me to spread awareness about the benefits of living debt free to more people. Here is how you can join:
- Follow on Twitter and join in the conversations.
- Follow on Instagram and tag me in your progress pictures.
- Get notifications for new posts by following Slim Fit Wallet on WordPress.
If you are already apart of the squad, thank you!
By Simone, creator of Slim Fit Wallet