Debtfree Magazine issue 9 of 2021-for download

THE BIG LITTLE LIES WE TELL OURSELVES ABOUT DEBT
I DON’T KNOW
WHERE TO START
Yes, you do. You just have to cut your spending on
some things, especially if you are unable to earn more.
It’s hard to say “no” to eating at restaurants and going on holiday. Maybe
you feel you deserve it, but you deserve to live without debt even more.
A very interesting thing happened when lockdown first began. People
were not able to go out and spend money like they usually did. So,
even though lockdown messed with how much people were earning,
it also meant they were not spending as much. As a result more
people than normal managed to pay their debts, they actually had the
money they needed.
So, if you have debts then ask yourself: Are there things I can give up
to reduce my monthly running costs? It might be small things. Maybe
you don’t order out today or this week, perhaps you don’t buy that pie
at the tuck shop for lunch each day and rather make a sandwich.
In fact, it is probably good to start with small things so that you can
convince yourself that it is possible. Once you see how you can
manage to save a little with smaller changes, then you may begin to
think about other bigger ways to save a lot each month.