After living in Los Angeles
for four years and paying for school, housing, food and transportation, as an
international, you must either be rich or super smart not to have any debt.
Well, that was not my case. I got dragged by the seduction of credit cards and loans
in America, accumulating a little fat of debt. I was confused about the credit
score thing, so I decided to research about it and I got to these book from Jen
Smith on Kindle Unlimited. Jen Smith is a blogger who writes about personal
finances and a best-selling book author. Her books are more like a guide on how
to build a budget, avoid expenses and pay-off debt.
I read her book called
"Pay Off your debt for Good" a little reluctant, because I knew there
would be no magic formula to eliminate debt instantly, but I was surprised with
some of the tools she offered to build a budget and techniques to pay off debt
little by little. The most important for me was the motivation that the books
gave me stay disciplined to pay off the debt. Like she says in the book: you
need to look the debt in the eye and admit that it exists and not feel embarrassed
or ashamed because of it. There are thousands of other people in the same
situation, and there are ways to pay off the debt quickly and for good. Most of
all, my conclusion was like debt is like "fat", you need to cut on
your consumption to eliminate it little by little, there is no magic formula,
it's pure discipline and self-control.
The "No Spending
Challenge" book is more on the side of having a budget, sticking to it and
living frugally without spending on useless things. The author suggests to prefer
solutions that are free or very low cost, like cooking at home, going out to
free places like the park, staying home, making handmade gifts instead of
spending money. If you are having problems with debt or want to reduce your
expenses or save money for a bigger project, these books can give you some
tools and motivation to make that happen.
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