If you want to reduce money stress, then these four secrets are going to have a huge impact on your budget!
Prioritized bare bones budget
Having a prioritized bare bones budget totally changed my sorry attempts of budgeting. I no longer felt like a stressed out failure when it came to handling money.
Instead, I was able to tell my money where it should go each month, first to provide for my family’s basic needs, then towards balancing out the monthly income, and then towards reaching my money dreams.
Along with having a successful budget came the realization that if I reduced my set monthly expenses, I would need even less money to get through a lean month.
A lean month doesn’t seem quite as scary when there’s not as much going out in payments.
Calling your current provider to ask for a discount, shopping competitors prices, and challenging yourself to trim costs are all ways to reduce expenses.
Pay off debt
When I finally paid off all our debt, the relief I felt was amazing. I didn’t realize how heavy a burden debt was on top of the stress of a variable income until it was gone.
There was so much more peace, even with the slow months of summer looming before me and that is when my budget started turning the corner into being a blessing and not a worry-inducing struggle.
List all debts smallest to largest and pay everything you can on the smallest debt until it is paid off, then tackle the next debt. Continue until you are debt free. It will make a world of difference!
There's one more tip to balancing out your income...
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Hi! I’m Charissa. I’m on a mission to help hardworking women overcome money struggles and gain financial peace with a Biblical perspective so they can have the freedom to impact their families and communities. Ready to make some changes that will impact your finances in 2020? Click here to get a free worksheet to help you make it happen!