How to save money to be in financial freedom

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic or sign up to my Email Newsletter.

financial20freedom
In this economy you want to save money and lower your debts down. You want to first take care of all of your credit card debt. You want to pay off your credit card and get it over with. This is what I did. I wouldn’t be able to move into my own apartment if I didn’t pay my credit card off. There are going to be debt that is OK to carry. Some examples of these are your college loans, and car payment. These debts are things that you need to better your life. You then want to just carry cash when you go shopping that way you are just going to spend what you have and not go over your budget.

I track each month what I bring in and how much is going out. I also break it down what are the bills, how much I spent on gas, and my over expenses like going out to eat. I also color code those also. I then also have another excel sheet that tracks all of my bills and If I paid or not. My overall sheet and my bill excel sheet should be closely matching. I think tracking what you are spending is going to give you a better idea where your money is going. It is a budget for your self. You don’t want to over spend be in the red your whole life. You want enjoy life and the freedom you can do what you want to do.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Related Posts

March 8, 2009 | Filed Under General

2 Comments

Comments

2 Responses to “How to save money to be in financial freedom”

Paul Morales on March 9th, 2009 1:31 pm

Great Tips. I want to get off that exit ‘Financial Freedom’

Paul Morales’s last blog post..RSS Subscriber Count Fluctuates
Administrator on March 9th, 2009 5:07 pm

Paul doesn’t everyone. Greg Ellison