Easy Debt & Finance Solutions To Adopt For 2020

It’s never too early, or too late, to start taking your finances seriously. With a New Year right around the corner, here are a few simple finance solutions to start 2020 on the right foot!

This is a sponsored post. All thoughts and opinions are 100% my own.

Stop using your credit card!

One way most people never seem to stop acquiring debt, is by never ceasing to stop charging their credit card.

If you want to be serious this year about your financial freedom, you have to start taking more responsibility. If at all possible, stop buying things with credit that you can’t pay for with cash, right now.

Once you are able to stop debt from piling up with purchases, you can evaluate exactly how much money you owe. This is the very first step towards paying all that debt off.

Creating a budget is one of the most important of finance solutions.

Without a clear picture of exactly how much money you have to put towards your debts, you may as well not have any kind of plan at all.

Budget your housing, utilities, and basic needs bills. Then, cut out any luxury extras.

Sure, Disney+ might only be $6.99/month. But things like streaming services, makeup subscription boxes, and date nights, tend to add up.

Once you’ve scaled back on the extras, and only have your most basic needs budgeted – stick to this budget! All that extra money you’ve spent on steak dinners, movie nights, and binge-watching old episodes of Boy Meets World, can be put towards those student loans.

When you do have your head above the proverbial “financial waters,” you’ll be able to resubscribe to the finer things (but with a little more financial stability).

Save Money Every Way You Can…

This means clipping coupons, and cutting a few corners on the things you do need to buy!

There are tons of ways you can save money on groceries, which can be a huge part of your budget. It’s not all just clipping coupons – buying in bulk, using cashback apps that reward purchases, are just the tip of the iceberg.

Just make sure you’re still buying the things you need, not the luxurious things you want. it pays off, in the long run, to be a little frugal when you need to consolidate, and satisfy, some debts!

Learn From Professionals!

There’s no shame in asking for help, and it really helps to have an outsider looking in on your financial situation.

Consulting professionals for finance solutions to your debt problem can help gain an educated, experienced perspective.

They can help you not only calculate exactly how much debt you have but fine-tune your budget, and sometimes, even offer possibilities that help the process of debt relief.

While most people want to solve their own problems, we all need help every once in a while. Even if it’s just to affirm what we’ve learned, and get a recommendation on what the next step should be to reach accomplishment.

Find what works….and repeat.

Find that you didn’t really need a food subscription service, and iBotta is a real game-changer in 2020?

Good. Keep that energy not only in this New Year, but more to come!

The only true way to stay out of debt is to avoid creating new debt. Once you get out of the financial rut, stay out of it as best you can.

Reverting back to old ways can really mess up your financial status you’ve spent so long working on.

So keep up with the tips and tricks that work, stick to your budget, and keep making those financial gains!