7 Practical Ways To Minimize Debt In This Current Economic State

May 22, 2022

I am sure that we all have to deal with this economic reality, and the financial squeeze we are in. To make things worse, those of us who are self-employed don’t get paid when we’re not working; while our expenses keep going up. Unfortunately, there’s no easy way out of this dilemma. But I found a few methods that will help you lower your debt as much as possible right now.

Re-evaluate your goals.

Know the difference between a need and a want.

Track your spending habits.

Prepare for income changes.

Cut down on living expenses.

Get creative about making money.

Shot by Tru Creates

Jewelry from E’s Element

Start a side hustle or start freelancing.

We can eliminate our debt despite the current economic reality of the world by being intentional and taking the necessary steps to improve our finances.

*ps: I am not a financial expert. These are my opinions based on personal experiences*

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