Tips for 'spending fasters'
The goal: The whole point of the "spending fast" is to get out of debt as fast as possible so you can get on with the life and live the life you were put on this earth to live. The last thing that should be keeping you from that is debt!
1. Build your debt hit list: This will become you debt to-do list where you’re able to maximize your efforts. Emotionally heavy and highest interest rate debts go at the top.
2. Create a reverse budget: This can be one of the hardest tasks to do, but I’m continually told how valuable mining this data is. The reverse budget provides invaluable insights for where money has been bleeding out.
3. Make a wants and needs list based on your reverse budget: Spend on the needs only. After you get in a groove with your "spending fast," up the ante and get more competitive with yourself. As you go see continue to examine where you can reduce the needs expenses even more.
4. Stay committed to the process: "Mistakes” and “slips” will happen. You’re changing your entire way of life and that’s not going to happen overnight. Be gentle with yourself. Mitigate the damage as much as possible by returning what you can and continue on with your spending fast.
5. Put a 'pause' between you and the purchase. Leave the store, close the browser, get yourself out of the situation.
6. Recognize your wins: It's the little things that got you into debt and it will be the “little” things that will get you out of debt. There is no sacrifice that’s “too small” to be proud of.
7. Know you’re not alone: Join a supportive, awesome, and encouraging community of people that will cheer you along and help you when you struggle. Learn more about her spending fast group on Facebook here.