Page 79 - Making It To The End Of The Month

DON’T STRESS IT! | Chapter 8
Sound familiar? Maybe you have your own to add to the list.
To achieve any of these things and more, we need to invest now for a better tomorrow, and that means getting out of debt. While we will all have times when we owe money to a financial institution, we should make plans to take this stress out of our lives as soon as possible so that we can experience real financial freedom.
Remember the quote from Charles Dickens in chapter two? He gave us the golden standard for budgeting. Here’s my paraphrase related to debt: Spend less than you make and you will never need to borrow! We will enhance our relationship with money when we centre ourselves on following this simple rule.
Let’s look at some different types of debt and how we can be free of them:
1. Consumer Debt
These are debts acquired from purchasing two types of items: those that lose value over time and those we consume. This includes appliances, electronics, food and clothing. In the best-case scenario, we will have no consumer debt at all. But if we do, we should aim to repay the debt quickly and then plan to purchase our next consumer item without the
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