This method does not save you as much money but does result in quicker victories and gives you the confidence that you can take control of your debts. With this method, you pay off your debt, starting with the lowest balance debt first. You ignore the interest rate of the debt. You pay as much as you can to eliminate the debt completely, and starting with smaller debts enables you to do so. You will quickly gain confidence that you can do it again and again.
You need to plan everything before your family and friends show up. You need to cook the perfect Thanksgiving recipes, arrange the table, or bring gifts for everyone. Even if you have already planned for these things, you may need to grab some last-minute meal ingredients, decorations, paper towels, or place cards for unexpected guests.
Limiting, constraining, uncomfortable. It’s unbelievable how one can manage to make ends meet on $40,000 a year, considering the high cost of living in the United States. Nevertheless, some people manage to live a comfortable life with this amount of income.