If you think your financial situation is touch check this out.
Tricia has 3 kids, 2 mortgages, 1 car payment … and a salary of about $31,000. While it’s not easy, she’s doing OK, thanks. Here are 15 lessons she learned the hard way.
You can find all 15 tips here, but here are a few of the highlights
Pay off debt weekly. Tricia has about $4,000 in credit-card debt on two cards. In addition to making the monthly minimum payment, she sends an additional payment each week. “Another good strategy is to add whatever interest you were charged that month to your minimums. Every little bit helps.”
Think different. “A big thing that’s changed over the last two years is the way I think of shopping and purchases. I used to be more impulsive. I’ve learned to ask myself: ‘Why do you need to buy that? Why does my kid need that?’ Give me a reason to spend the money. I’ve really learned the difference between necessities and luxuries.”
Never pay full price. “Clearance is my favorite word,” Tricia jokes. Her other trick for finding high-quality items at low prices: consignment shops. Now her daughter is a fan, too.
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