Step 12 Of 12 Toward A Debt-Free Life: Celebrate!

Two men bumping fistsIs your debt shrinking? Have you gotten rid of one of your outstanding loans or lines of credit? Well, then it’s time to celebrate!

Take the time, this month, to celebrate every small goal you’ve reached on your journey toward paying down debt. You don’t need to spend much to celebrate an achievement; find inexpensive or even cost-free ways to reward yourself.

Celebrate big. You deserve it!

Your Turn:
How do you celebrate achievements without blowing your budget? Share your best ideas with us in the comments.

Step 2 of 12 Toward A Debt-Free Life: Don’t Dig Yourself Deeper

Young businessman eating his brown bag lunch in front of his computer screenWhen you’ve dug yourself deep into a pit, the only way to get out is to stop digging. This month, focus on not racking up more debt. Stop using your credit cards. Skip your weekly trips that usually have you buying too many non-essentials.

Instead, start brown-bagging your work lunch and brewing your own coffee. Get into the habit of spending only on essentials so you can make real progress toward paying down that debt.

Don’t forget to make the minimum payments on every line of credit and loan you have open. Neglecting your debt will only pull you deeper into the pit.

Your Turn: Did you spend only on essential things this month? What was the hardest expense to cut back on? Tell us about it in the comments.