5 ways to get rid of debts rapidly

We will tell you how to pay off debts and to gain financial freedom much quicker.

1. Engage in informed spending cuts

Mindfulness allows you to spend less without decreasing the pleasure of life and sometimes even vice versa. To do this you can:

–  Increase your requests to the standard of living prudently;

– Review your spending habits regularly;

– Hold back on small expenses in order to make more valuable purchases in the future;

– Try the minimalist’s lifestyle is success in life, awareness;

– Make a list of the most inspiring things you shouldn’t skimp on.

2. Make a list you can not save on

It is very important to make a list of the most inspiring things in your life. You should not save on these expenses, otherwise it can lead to emotional exhaustion.

3. Increase your income

When you have optimized all your expenses it’s time to think about increasing your income. Many people postpone this stage due to the complexity.  

To increase your earnings you can start with:

– Investing in demanded skills, checking  out highly paid vacancies on job search sites;

– Proceeding to the interviews themselves for a better paying job;

– Working as a freelancer, while learning something new and making money on it;

– Demanding the increase in the cost of your time and salary every year.

4. Plan and track your progress

When you feel a lack of motivation, the way you can manage it is to reflect on your progress. 

The Rule application will help you with this. Pay all your debts and monthly payments. Then enter all your income. This will allow you to track your progress in paying off debts and get additional motivation.

5. Filter your subscriptions and content

Society and the economy tend to aggressively impose new needs and consumer attitudes on the things around you. To make your life easier, you can do the following:

– Get rid of all the sources that impose you to make more and more new purchases;

– Subscribe and visit sources that motivate you to stay on the path towards your goals and financial freedom more often.

Download the Rule app

This app was created in order to help people achieve financial freedom and education in personal finance.