12/13/2020
If you want to break the cycle of being broke stop these 5 things.
1️⃣ Start to follow a budget. Is it hard in the beginning. Yes however every month it get easier.
2️⃣. Build an emergency fund, I recommend more than $1000, since $1000 won’t fix most car repairs, home repairs or a root canal.
3️⃣ Create a plan, set goals and decide what you want your life to look like financially.
4️⃣ Revolving credit card debt is a real budget killer, the interest can be difficult to tackle. If your not able to pay your full balance every month, switch to cash or debit cards for a while to strengthen that muscle.
5️⃣ None of us (unless your in an incredibly strong union) are immune from job loss, multiple income streams help weather the storm when one job slows down or if your let go!
