It is quite easy for anyone to devise a budget. As long as your being realistic in your necessities, you can build a budget that looks great on paper. Professional services can go through your finances and develop a plan that can have you debt free in a few years. Anything can look good when there are graphs and charts attached to them. However, a report about how you can become debt free is far different than actual implementation. With that in mind here are some ideas to live a debt free lifestyle.
In order for you to achieve the goals laid out in your budget plan, you need to sacrifice a great deal of "creature comforts" that are not necessities to the survival of yourself or your family. Television, dining out, even cell phone use can be cut in order to achieve them. You need to focus on the well-being of the household. Without this sacrifice, all budgets will be doomed to fail.
You need to keep focus of the larger picture. Many will follow a perfectly laid out budget plan for a few months, but find their attention wavering. Humans can be easily swayed by the technological gizmos that are developed on a regular basis. If it's not in your budget to buy a new phone or tablet, you need to move on. Even the smallest expense outside of your budget can put you in a tailspin that can compound the problem over time. You can easily get used to the "it's just once" mentality and further damage your budget plan to the point of it being moot.
There will no doubt be objects or subscriptions that you want to participate in. If you want to live a debt free lifestyle in the near future, you need to be strong in the present. You need to look beyond the small satisfaction spending money on frivolous objects now can give you. You need to be strong for yourself and your family. Many people are faced with compulsive disorders to purchase objects all the time. You need to focus on your goals and how you can meet them, or perhaps find methods in order to hasten the outcome such as a second job.
In Your Hands
Financial advisers, budget planners and others can only lay out in detail what needs to be done. While some will take an active role within your finances, the success of the plan is still in your hands. You can't continue to spend like you have in the past and expect to walk away debt free. Unless you're willing to sign over power of attorney and allow someone else to control every aspect of your life, it's up to you to succeed or fail. Your focus needs to be clear, and every day you must take that step in order to gain financial independence.
Regardless of how good the deal seams or how discounted a service looks, you need to ask yourself - "Is this necessary to my survival?" If it isn't, then you don't need the item. Once you meet your financial goals, there will be plenty of time for shopping and obtaining those items you've always wanted. Once your debts begin to disappear, there will be more time and money to do the things you've always wanted to do without the burden of debt collectors constantly calling you. A simple budget can help you stay on top of your money and live a happier, thriftier life.
This is a guest post by Liz Nelson from WhiteFence.com. She is a freelance writer and blogger from Houston. Questions and comments can be sent to: liznelson17 @ gmail.com.