Day By Day I Decrease My Debt
I am currently on a mission to decrease my debt. Each day, I challenge myself to minimize my spending so I can apply my expendable income towards paying down my dues.
I make wise spending decisions and only spend what I can afford. Every month, I have less debt owed than the month before.
Credit card purchases are a thing of the past. My only active “charge card” is my debit card. Due to my efforts, I am successfully decreasing my credit card debt.
I am happy to make financial sacrifices every day that support the dreams I have for my life.
I buy the store brand when grocery shopping, and I utilize coupons. I settle for the basic cable package rather than the expensive plan with all the channels I don’t watch anyway. And I let go of the need to splurge on personal items.
I feel more satisfied than ever because I know my money is better spent going towards my outstanding balances. I pamper myself by paying down debt, rather than buying worthless trinkets for myself.
I am helping myself by decreasing my debt, and I am creating a better future for my family.
I write checks for substantially more than the minimum amount due when paying my mortgage, credit cards, and student loans. And, when I receive my yearly tax refund, I apply the money toward paying down my debt.
Today, I write my checks with joy. I am disciplined and determined to decrease my debt. I am already reaping the emotional and financial benefits of unloading this weight off of my shoulders.
Self-Reflection Questions:
- In which areas can I afford to minimize my spending?
- How do I visualize my life when I am fully debt-free?
- Am I comfortable hiring a financial planner to assist me on my journey?
Take your answers and turn them into positive, resolute statements that give you concrete goals on which to focus immediately. Be honest, work hard, and watch yourself transform for the better!
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