Self Paced Budget Course Lesson 5

Create some Wiggle Room

So you have just created your budget and you now you want to get started in paying off your debt,or building a nest egg or giving more…but you don’t think you have enough extra money to really make a difference.  This step is about finding ways to create some wiggle room in your budget to get you more money and start making a difference.

These are some ideas, your goal in this step is to try at least three or four.

1. Get more in your paycheck instead of in your refund.

By using this IRS calculator you can find the real amount you should have withheld from your paycheck.  Use the extra money to start paying off your debt.  Now this will take money out of your refund but you will have the money throughout the year.

2. Take the Chicken Challenge – The Chicken Challenge was coined by the Cord Killers Podcast

Call your cable company and tell them you want to cancel your cable.  Worst case is you actually cancel it and live off netflix or hulu, more than likely they will cut your bill.  If you are lucky enough to have two internet options call the other one and see what their best deal is.  Once you have it call your current provider and see if they will match it.

3. Take a look at your cell phone bill

Look at other carriers like rebel, PCS wireless , Ting or any other smaller carriers that may give you a smaller bill each month.

4. Find little ways to save.

Look over this list of 100+ ways to save money.

 5. Get creative,

If you are serious about getting your financial life under control then you may have to do things you have never done and make sacrifices you have never made to be successful.
Find ways to reduce your spending and create wiggle room to pile into your goals.

This can be a tough one.  If you always do what you’ve always done you will get what you have always got.  If you don’t change things in your life, you won’t change your life.

What ideas do you have on how to change?  Tell me in the comments.  I am always looking for new ideas on how to creatively #MakeYourDream.

Lesson 6

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