So we have our numbers written down( excel spreadsheets work best but if you want to actually write it down go for it), time to look at them and decide. This is the hard part and also the honest part, because tough choices have to be made. Now this is where variances will come, because its time to decide what you really need and what we can get rid off. So first thing that I did was look through my expenses and decide what it is that I really need to have and what I can do without. From there we break down to what we can save money on. So here is where I decided okay I need a cell phone plan, but how can I save money on it. For me it was getting rid of the unnecessary extras, and taking advantage of any promotions. Same goes with the tv, insurance, basically any bill that you can cut something out of to get a lower price to pay, even your credit cards can be dealt with like this.
So for my phone service i realized that I was only 3 months away from paying my phone off, this would save us some money because I also called up my service provider, they were very nice and allowed me to jump to their plan where the taxes are included for using auto pay, after these two things I was already saving $40 a month. Next up was internet service, now where I live i only have 2 choices for internet and tv service which is a bummer because the one company knows this and they pretty much don’t give you and leeway in terms of pricing or even customer service( but thats a whole other story). Either way i called informed them that i wasn’t happy with the service and that i was thinking about switching and after about 15 minutes and 2 “managers” i was able to get placed on their latest promotion which saved me about $70. Now for tv that was pretty easy go with streaming, i mean if its absolutely necessary( which sorry but I’m a huge Game of Thrones fan so I had to) but i was able to get a pretty cheap plan with the channels that i actually watch.
So this is where you come in, from here on out I want you to make your own calls, decide what you really need, what you can afford to remove and what you actually want. Im not saying going out and cancelling everything but every little amount helps( you’ll see this money start to add up in the next step). So we all know that tv, phone, etc all those can be lowered by calling the provider or even shopping around. Now even with the credit cards that you have you can also save money on your monthly payment. If you give them a call and speak to them nicely ( not to the general customer service reps, but the actual managers), they can actually reduce your APR sometimes permanently other times just for a couple of months. While a couple percentage points don’t see like much trust me they will begin to add up.
So now that we have some additional money in our pockets we can begin paying everything off. But hold your horses because this next part is going to be a true test of patience. The way i have felt at times is that its a game of chess requiring strategic moves and over all patience to win. Good thing though that this is always a victory if you follow the correct guidelines, you make the moves your way, but just follow the basics.
Next time we will begin tackling all sorts of debts. I feel there are various kinds of debt that can all be tackled in different ways so well check it out when on the next one.. See ya then.