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Make & Save – The Importance Of Actionable Personal Finance Habits

Living your life debt-free or refinancing your loan by taking another one? This dilemma is most of the time only a matter of character.

At certain point, everyone gets to choose and decide whether they will be condemned to live in the chains of debt forever, or will they enjoy a full financial freedom.

While it is indeed easier said than done, there are numerous things that debt-free people are actually doing, while others are not. Or, we can simply say that they have different mindset compared to other people.

‘’So, what is it that makes them different from me?’’ I hear you asking. I won’t beat around the bush on this one and will say it here loud and clear – they are more proactive and organized with their money than you.


Let’s make something straight right now – taking a loan from the bank is not the bad thing per se. There are thousands of cases where taking a loan is a good and absolutely justified option. The real problem is, lots of people jump into debt when they don’t know really much about what they are getting into.

With almost 80% of Americans living in debt today, staying focused while at the same time dealing with the debt spiral you got yourself into is one of the most important things. You need to stay focused and to keep your hands on your money.

Don’t panic, don’t get anxious. There are lots of ways out and you will find one that is just right for you!

Read on and perhaps we can help you out.

Getting Your Act Together

So, first of all, you need to be well-informed. You need to be educated about the possibilities that are offered to you. Be aware that a refinancing loan is probably not something that will work for you as it will just deepen the hole you’ve gotten yourself into.

There are many financial institutions out there that can offer different kinds of debt settlement or debt consolidation to you, whether we are talking settling a debt agreement or finding your way out by declaring bankruptcy.

Both of these solutions have their good and bad sides. And even though many people will tell you that bankruptcy is not an option and that you can even end up in jail because of it, try to stay cool-headed.

You know best what’s best for you!


After you chose the preferred route for getting out of debt, it’s time for you to slowly rebuild your empire and regain your financial freedom. Nobody says it’s gonna be easy.

And here is where changing your perspective and finance habits kicks in.

Most of the time, when living in debt, people succumb under pressure of having to pay back a certain amount every month. They become so anxious because of the situation that they eventually forget the importance of saving money today.

And who is to blame?

I guess all fingers are pointing to the consumerist society nowadays. In the world where impulse shopping is everything and where you are going down on the social ladder if you haven’t spent that much money on some new gadget, keeping your money in your pockets is becoming harder than ever.

But guess what? You will need to master the art of saving money! Neglecting the importance of shortlisting things you need and sticking to buying only them may prove disastrous to your budget, no matter what path you choose on your road to salvation.

We’ll give you just a quick list of the things you might consider doing in order to save an extra buck:

  • As already mentioned above – make shopping lists and lists of things you really need to make it to the end of the month and try sticking to it as much as possible
  • Learn how to research and negotiate a better price for the product you want to buy. How do you know that you can’t get those pair of shoes for a much better price at some other reseller?
  • Don’t skip holidays – you need them still. Anyhow, always search for affordable accommodation
  • If you have some extra time, try starting a side hustle in order to get extra money for your cause.
  • Reduce the usage of your credit cards to a bare minimum. Using credit cards comes with additional cost associated. No need for it if you have cash on you.
  • Try being much less impulsive when it comes to buying certain things like clothes, home decor objects, etc. Even though that kind of saving may sound silly and irrelevant to you, when all those expenses add up you’ll be surprised how much money you can save by not buying on the counter or when something is on sale.

Always remember – a penny saved is a penny earned! And getting control of your money may just as well mean getting back control of your life.