All year I have maintained a strict financial fitness regimen and I feel so much better off as a person, and thought it was time to share my awesome program.
1. Stretch your mind. Change your mindset and realize that living with debt is living below your privilege. Base on statistics provided by the Federal Reserves in 2014 the average American household has about $15,611 in credit card debt. Is living with debt really ok? Has the American culture accepted this ideal as a normal way of living?
2. Change your spending diet. You are what you spend. Going on a spending diet will change your life and with a strict diet you may see your financial physique slowly change before your eyes. If you have a family and your about to go on a spending diet, its best to sit them down and get them onboard with your plan. Completing a spending diet along with your family is a great opportunity to teach your children about money, and create a great support system during the process.
3. Exercise and train your mind to stick to your budget. Exercising your budget muscle is the key to changing your financial overall fitness, and will give you quick results that will motivate you to continue your exercise regimen on a daily basis. This can be the most difficult discipline, but if you practice and exercise your mind to stick to your budget, eventually your mind, body and soul will begin to stick to your budget plan with ease and without effort.
4. Bench press those monthly debt payments. Bench press those dollars and drop them on your debt like you mean business. The more you bench press those dollars and drop them on your debt, the quicker you’ll get rid of those bills and feel the freedom of living without debt. Always remember that at times you will feel pain while financially exercising away your monthly debt balance, but overtime your financial muscles will adjust, and you’ll eventually love the feeling of working your debt off for good.
5. Keep yourself mentally motivated. Always use positive thinking to stick to your financial fitness regimen, and surround yourself with like minded people. At times the weight of debt will leave you feeling overwhelmed, and its within those moments you will have to practice self motivation. Try your best to remember that keeping a financial fitness regimen will be well worth it, and in time you will reap the benefits.
My personal tip to all those who feel they want to stick to a strict financial fitness program is when you feel like giving up, always remind yourself of the big picture of living a life without debt.
What are some of your financial fitness exercises or regimes?