What Is This Series All About?
With this series I hope to help a minimum of 1000 people who’ve lost their job and want a way to bounce right back.
At the end of this series you will have a solid plan, everything automated and a very bright future ahead of you, because you have come to the right place and I have every intention of helping you succeed.
I’m going to show how to do it in a step-by-step manner because that is the easiest way to implement the actions.
1. Create a Plan of Attack
You can’t expect everything to fall into place by itself because that doesn’t happen without a plan.
You need to know how you’re going to tackle this problem head on and come out on top.
I’m not going to tell you to budget because frankly, I don’t like the word and I bet you don’t either.
But I will tell you to copy my spreadsheet template and put in your own figures.
It may look overwhelming at first but it is actually really simple.
Row 1 (What You’re Paying For) = Write down everything you pay for on a monthly basis. Include everything even if it’s only $40 per month, because all these small bills add up to bigger ones
Row 2 (Monthly Payments) = Here you will write the amount of money you’re spending on a monthly basis. The best way to find out is by getting a bank statement (look online if you can, it will be quicker and you can get started immediately).
Red Color = These are payments that come out automatically. However, more on that in series 2 because that is where the magic happens.
Blue Color = There are some things that computers cannot do, so putting gas in your car would have to be done manually and so would purchasing your food each month.
Total = The total amount of all your monthly payments added up.
So now it is time to jump on your bank’s website and find out where your money is going!
2. Cut Costs as Much as Possible & Wherever You Can
You’re going to be low on savings, income and most especially patience.
The trick is to cut down on your bills as much as possible because they take up the majority of your monthly payments.
Phone up whoever you’re paying money to each month and get them to cut down your payments – get them as low as you can!
For example: If you’re car payments are $500 per month, get them down to $400 and increase the loan term from 3 years to 4 years.
The long-term is not the issue here, so you will be fine to do this. The problem lies in the short-term because you are out of work with little money and income.
3. Stop Bills You Don’t Need
A lot of us are stacked up to our eyeballs with monthly payments we don’t even know about and things we don’t even use!
Stop that gym membership if you’re not using it or even get your landline cut and stick with your mobile.
You might not even be using all your data on your mobile so that can be chewing up more of your monthly income as well.
So check your bank statement and see where your money is going.
I bet your bottom dollar that you are paying things you forgot about, you don’t use anymore, or that you don’t even need.
What You Need To Realize
I am NOT trying to get you to budget because I know most people hate that.
What I am doing is setting you up for success, because in the very next series we will be automating the entire process so you don’t have to stress over what’s being paid and what isn’t.
You will actually know where your money is going and you’ll be able to relax because at the end of the day, your bills are being paid on time and every time.
Please click LIKE below. I want to help at least 1000 people with this series!