I thought long and hard about getting a second job to get my finances on track, but for much too long my ego stood in my way. But as they say, if nothing changes, then nothing changes.
p>Some tips on expecting unexpected expenses – and why you need a plan for these outside of your emergacy fund.
How to budget for irregular income: Big lump sum income, followed by zero income, is familiar to contractors, freelancers and commissioned salespeople. But even those willing to adhere to a budget struggle with managing their irregular income.
I once racked up an insane amount of debt. To repay that debt, I relied entirely on budgeting. And when I began budgeting, it quickly became an obsession.
Debt doesn’t define you. Take the time to forgive yourself. When your internal dialogue starts speaking to you negatively, try and interrupt it with a more positive message.
My consumer debt totaled $77,000. Interest alone cost $660 per month. I felt fear, shame, frustration, and exhaustion. But in less than two years, with razor focus (and a budget and second job) I paid my debt in full. My goal wasn’t just debt freedom: it was the vision of an incredible life.