The average household pays more than seven grand in interest on debt a year but just can’t pay that debt off because there’s nothing left in the budget.
Budgeting is no fun and nobody wants to skimp and save every penny…but there is a way to save hundreds a month, use that to pay off your debt and finally get out ahead.
The best way to save money is always going to be looking at those big budget busters first. That’s going to be things like saving on housing costs, transportation and groceries.
One of our favorite ways to save money as a family has always been to let the cable TV subscription lapse in the summer and go a few months without.
Don’t forget to balance that saving, that debt payoff with enjoying life and having a little fun with your money. I dunno, if you want to be the 90-year old millionaire that ate only oatmeal their whole life, go ahead.