This is another guest post from Joe Plemon from Plemon Financial Coaching. Joe is the Money Columnist for The Southern Illinoisan.
Q: Joe, I know the things I need to do in order to get out of debt such as quit borrowing money, take a second job temporarily, have a written cash flow plan, spend less than I make and use the debt snowball. My problem is that I just get worn down in the process. Can you give me some encouragement?
A: Three thoughts come to mind.
Give Yourself Some Time
Give yourself a time line for becoming debt free. Examine your budget to determine what sacrifices you will need to make in order to get everything other than your house paid off in less than twenty-four months. Take a deep breath and go for it. Now that you have established an achievable goal, you will stay encouraged as you put each month behind you. […]
