The Top 3 Things You Can Do Right Now To Become Financially Free

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Everyone longs to become financially free but very few people ever get to the point where they become financially free. If you’re struggling in your finances, just know that getting from Point A to Point B, from financial struggle to financial freedom, is really simple, but difficult to do. In this article, we’re going to outline the top three things you can do right now to have more money – and peace of mind – in your life.

* Know what makes you tick 

If you’re constantly finding yourself in a negative balance at the end of a month, you must be spending more than you earn. Take stock of what you’re spending on by keeping a journal or at least listing the items that you buy during the day. You might just be surprised at how much money you’re spending on shoes or double lattes, and you wonder why you’re always struggling to make ends meet. 

If you have a spending habit, take the time to know what’s triggering you to spend. It might be stress or some emotional upset – whatever it is, the first step is to become aware.

*  Prioritize your debt payments 

If you’re in debt, make payments a priority,especially if what you have are credit card debts and payday loans. Those type of debts have ridiculously high interest rates and what your small hundred dollar debt could balloon to thousands of dollars in no time. If you’re struggling with the monthly payments, talk with your creditors and work out a payment plan that won’t affect your monthly budget. 

* Spend less than you earn, or earn more 

It’s been said it’s not what you got, it’s what you do with it. And indeed, how you spend your money can mean the difference between financial freedom and financial bondage. Spend on a budget, but if you think it’s impossible, find ways to earn more money so you have extra money to save and invest.