Whatcha know about that? Fellow blogger Anne wrote a little on it the other day, and it really hit me – Live like you’re broke! Yes, nice & simple, I dig it. I’ll probably forget this by next month (you know, A.D.D. and all), but for now let’s roll with it ;)
If you were really broke, here’s what would happen:
- First, you would still live! It would be harder, but it’s not like you’d die.
- You’d cut out spending. Because you “can’t” spend – you’re broke.
- You’d save as much money as possible. You might have to turn around and pay the bills with it all, but you’d still be saving better.
- You’d get creative! Probably the best reason to get in this mindset.
I think we all “live like we’re broke” to some degree, it just comes down to the amount you’re willing to give up (unless, of course you *are* broke, in which case you’ve probably perfected it!). I’m sure I could cut out 1/2 of the things I do now to save some cash, but it’s just not worth it. On the other hand, there are plenty of things I COULD cut (and would cut) if I were indeed broke. Regardless, it’s always good to stop and consider the way you do things. Do that enough, and you’re bound to stay focused!
Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!
If you’ve been making payment after payment (on time) and still haven't been able to get your debt under control, snatching up a good balance transfer credit card offer may be the ticket to try. That’s where in order to gain your business - credit card companies will let you transfer your existing debt to a new card and let you pay ZERO PERCENT interest on it. Saving you tons every month!
What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!
PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.