Many people think that if someone earns a big salary , it means more capacity to pay their debts and in this way, a debt free life, but that is far from the truth, especially because the more money you earn the higher debts you can have, so the cycle will repeat again and at that time with higher debts.
So, how do you develop the habit to have a debt free life?Let's summarize some actions you can start applying today:
1. Establish a daily budget (how much you can spend daily).
2. At the end of the day check if you followed the budget.
3. If you didn't follow your budget, try to save some money the next day. If you followed it, save this money.
4. Try to pay using cash or debit card (save the receipt for your daily checking)
5. At the end of the week see how much money you have (if you were able to save some you are on the right track, if no try to save some the next week)
Wishing you all happy week end. God bless you all.
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