Over the last year, I have received a plethora of messages asking me about how I handle my finances as small business owner. To be honest, I was shocked to see others asking me about how I manage my money because almost five years ago I was not that great it, to say the least. I am proud to say my financial understanding and goals have done a complete 180, which I am very proud of. However, in those messages, I read your comments on how you switched to making Monday your money management day, started zero budget method, and switching over to Aldi.
In the last couple years, I have documented my financial struggles and triumphs when it comes to personal and business. I have talked about Nice Girls Don’t Get Rich, Running A Business and Paying Off Student Loans, Zero Budget Method, Shopping At Aldi, Rebuild Credit and many more topics. I personally believe, I cannot tell my story if I don’t share the ugly parts of my life. That will never inspire you or others to improve your life. Today, I want to share something with you that happen last month. I legit screamed and text Liz immediately when this happen. As mentioned before also, establishing a relationship with a banker is so important. Liz is essential to my story of changing my credit.
I can honestly say this year was the year of learning on how to live on less, but still, pay off debt. Too many times, I hear people say they do not have the income to get out of debt or save. I am calling all times of bullshit on that excuse. Its all about your priorities and what you want in life. One of my goals is to be debt free, so I can do more. Not just for myself but those around me. This year, I increased my credit score drastically without hiring some credit expert, I have saved money, and I have paid more on my student loans than ever before. Oh did I mention my income has gone drastically down from not only previous years but from what I was making at the start of the year to now?
If you were me three years ago, your credit was shot, gone down the drain and that was that. Trying to obtain a loan, credit card or even department card to save your life was not happening. As, I have talked about finances in Entrepreneurship Forced Me To Become Better At Math, 5 Ways To Create Better Money Habits and more under the money category of the site that my finances have not always been the greatness. However, as I have matured in recent years, one thing I have been working on is re-establishing my credit after of years of bad mistakes.
Paying off debt can make you feel all types of ways about the life you live. Going through all the stages of emotions every time you either pay off a bill. Some bill comes out of nowhere or you feel like you’re still drowning with no way to get ahead. Today, I want to share seven common mistakes people make when paying off debt.
I have had a love hate relationship with my finances for a good percentage of my adult life. The other day I was out shopping with my sister, and I said she was so frugal when it came to purchasing something. She said that she got our dad’s frugal genes and I got our mother’s frivolous genes. In the last two years, I have improved my financial situation. My “it’s not cute being in debt” Aha moment really changed my life.