Wednesday, January 23, 2019

Starting a new adventure in reducing debt.

Over a year ago, I said that I was going to start up my blogging, but that did not happen. I am again going to give it a try, and a major theme will be my efforts to improve my finances. I intend to pay off a lot of accumulated debt.

A large part of it will be following a budget. I followed a podcast by a company called "You need a budget" or YNAB for short. I will get into it more in a future post, but the aspect that was a game changer for me is that the software only has you allocate the funds you have in your bank account right now.

I therefore worry about future income when it shows up and not until then.

When I have spent some time between jobs, I ended up charging to credit cards and just not getting the balances to come down. I am now in a concerted effort to retire my debt. I will share things that I have learned, and things that have helped me make progress financially.

Again I highly recommend the YNAB software. They offer a 34 day free trial, as well as weekly online workshops, as well as a helpful blog. Check it out!