Sticking to a budget is as much of a sick mental game as it is a practical life strategy. For Millennials like me who are desperately struggling to climb our way out of debt, we're willing to go the road less traveled.
The reasons for credit card debt vary from person-to-person. But there are some common debt habits that can lead to credit card debt and cause it to grow instead of shrink. Likewise, there are ways you can break free from the clutches of credit card debt.
The next time you set up a transfer to put money into savings... pause. Are you 100 percent sure that you won't need to call this money back into your checking? Then proceed. If not, you might save more in the long run if you save less now.
It can be a time waster to scour ingredients when you need to pick out your low-cost menu in a pinch. There are many website owners and television programs that break down the cost per serving. Pin recipes from their websites.
While this seems daunting, I will share an easy and painless way that I saved $2000 for Chloe in less than one year. You may expect me tell you to cut out your Starbucks, fine dining and travel, but I will actually tell you to do the opposite.
"You can get a good horse -- not a 2008 model, but reliable -- for $2,000 to $3,000." I was even more enthusiastic when he told me that it costs only $150 a month to feed. "I spend about $80 a week on gas," I said.