How to Beat the Holiday Bills

 

Many people get frustrated with the mountain of debt that comes as a result of holiday bills. But beating the holiday expenses is more straightforward than removing a Christmas tree and dieting. Here is a simple method to eliminate holiday bills and keep you on top.

The Situation

The holidays come with a lot more hidden expenses than just buying many presents, tinsel, and eggnog. Changing to snow tires, purchasing salt for the roads, & increased heating all add to a forgotten list of essential holiday spending. What to do when you’ve got this enormous debt?

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The Solution

Think about the giant pile of debt that you can eliminate by following this method. This simple trick can work without prayer or letters to your parents (Santa) for help.

By following this, you can eventually have enough savings for yourself and your dependents in the future.

What would you do with a few hundred extra dollars every month going to your pocket instead of your debt? What would you do if you learned how to beat your bills and use this same method and apply it to other areas of your life?

The solution is set up in different steps, so it is vital to read through each section carefully. The method is simple, efficient and it amazes me how few people can grasp it.

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“The journey of a thousand miles starts with a single step” – Lao Tzu

Step 1 Set Up

Take out a pen and a piece of paper and write down one thing you buy habitually every week. How expensive is it?

Write out the number…it doesn’t need to be large. Think about how many coffee’s, cigarettes, or lunches, etc. you usually pay.

Then promise yourself to have one less of it per week/day.

For example, subtract one less coffee per week for example. How much is that expense? Write it down.

What you’ll eventually see is that by setting aside a small weekly amount from that regular expense is what you can use to pay down your bills.

You could even start a small savings account and have the cost of that one expense pulled out every week in advance while you save.

Step 2 Cold Perform

Post up that saving habit in an area where you’ll see it again & again. Start making those little changes that might save you even $5 a week. Try doing this for four weeks.

Step 3 Review

Look at your progress. You may have encountered some resistance from unseen obligations or expenses…this is normal.

Was your goal attainable? Perhaps you budgeted too much, and it hurt? If so be honest and evaluate what you can change slightly to make it work. Do this for a month.

Did you notice some forms of habits that were hard to break? You might have a habitual trigger!

STEP 4 Revise & Perform

You’ll be pretty good at this point to see what works and what doesn’t.

Now ask yourself:

  • What you’d like to have in the future?
  • How can I save to do that?
  • When would I like to have it?
  • What will I need to do to reach that goal?
  • How important is it?
  • Do I have spending habits? How do I fix those?
  • What are my spending triggers?
  • Will I need outside help?

Repeat these steps till you’re happy!

Becoming a Saving Pro

By making small changes to your weekly budget, you can start the habit of saving big. Remeber it doesn’t need to perfect on your first go. You might feel like it’s a raw performance on more than one occasion but your holiday bills will eventually disappear if you maintain your desire & action.

If you’ve budgeted & tried but still can’t get by… call a pro for debt relief!