7 Debt Payoff Tips for Financial Freedom

Today we live in a buy now, pay later world. We are bombarded with loan advertisements, readily available credit cards, houses that are unattainable without mortgages, and people who preach about investing in a college education with money that we don’t have yet. In fact, these practices are so accepted that we are sometimes frowned upon for not following them. Quite frankly, there was no way I could own a home without a mortgage. I became trapped in this buy now, pay later world. Now, after reading about Dave Ramsey and his debt payoff tips, I’m motivated to work towards financial freedom and a debt-free life!

As my website name suggests, I live a very frugal and thrifty lifestyle. This has helped a lot with our debt payoff. Below, I share some of these frugal habits and seven debt payoff tips so you can have financial freedom too!

1. Make a Budget (and stick to it)

I can’t stress how important having a budget is! You need to be able to account for every incoming and outgoing dollar and cent. There is no way your finances can be organized if you move forward without a plan.

There is a reason why you can’t build a house without an approved blueprint or house plan and it is almost impossible to start up a new business without a business proposal/plan.

How would you feel if your country’s government never released an annual budget and spent ‘randomly’ throughout the year? Do you think large successful businesses operate without a financial plan?

So why do you think you can have financial success without a budget? Creating a budget (and sticking to it!) is the best debt payoff tip for a better financial life!

2. Stick to your budget

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