I know this isn’t a finance blog and I am not a financial expert. But, I do know that zero debt has allowed me to be able to have work that I am passionate about rather than just working at a job I hate to pay my bills and student loans.
This is a quote that I love from a book called No More Mondays by Dan Miller.
“It’s the person who, each day, goes to a job he or she hates, just for the money, there’s the person who has made money his or her God. There’s the person who focuses on and loves money.” – Dan Miller1
Today I am going to tell you how my husband and I paid off our AED180,000 of debt. Hopefully, this will give you some ideas of how you can also pay off your debt so you don’t have to go to a job you hate just for the money.
- Make a commitment to yourself. Write down your goal and how much you want to pay off by a certain deadline. Make sure you make it a reasonable goal and tell your friends and family about your goal. When you can’t go out to dinner with them, you don’t want them pressuring you! You need their support to make this happen.
- Create a budget for each month. Recording all of our income and expenses is how we got ourselves out of debt and in control my expenses. Each month, make a goal and then try your best to meet it!
- If your expenses are everywhere, use mint.com to keep track of everything. This way you only need to go to one account to find the information you need, rather than opening a ton of different accounts to update your budgeting.