Eliminate Your Debts or Make a Plan so That They Do Not Consume All Your Money

Eliminate Your Debts - Complete Controller

Sure, you will think that this is impossible. Then let’s start with the first point. Do not become indebted! Remember that debt is the slavery of the modern world. Having our full salary opens a world of possibilities for savings. This is not impossible; for example, if you have an apartment or a house, put it for rent, and with that, you can pay your debt.

Learn to manage a monthly budget

It is amazing how very few people manage a monthly budget, and they have full knowledge of their expenses and income. This is not difficult, and we have already done the work for you. Download our budget form to control your money perfectly: You do not need to be a finance professional; the secret is not to cheat yourself by saving money to travel and being realistic with what you are receiving and spending. Apply that popular saying:  Do not spend what you do not have. LasPass – Family or Org Password Vault

Eliminate unnecessary expenses

We return to the part of being more minimalist to live better. Once you have made your analysis and have made your monthly budget, eliminate unnecessary expenses.

These expenses can be:

  • Internet
  • Netflix
  • Go to dinner every weekend
  • Subscription to the gym
  • Cut the Cable TV
  • Forget about hairdressing

Think that everything adds up; instead of paying for a gym, why do not you go for free exercise in the square or in your own home? That is what You did. In my case, we cut the cable TV that we barely used. You hardly have time when you’re working all day, so do something more practical and save money for your next trip by cutting unnecessary expenses. Our case, which we undertook while working as an employee, was much easier since our time was spent on activities that could generate extra income. Download A Free Financial Toolkit

Open an exclusive account to save money for your trip

While each of us has our own bank account, we open another to save money for our trip and for the blog. Having an exclusive bank account to save will keep your money safe and keep money away from you and from the many temptations of spending it. In our case, that account was sacred and could not be touched.

Set a fixed amount of monthly savings

We often think that we do not have to save money since the salary does not reach us. But this is not true. Suppose you earn 10% less of your salary each month. Logically, this step must be done based on:

  • your salary
  • your possibilities
  • your financial commitments

At first, it may seem complicated, but once you turn it into a habit that as soon as you pay it, you put it in your savings account to travel, it will become an automatic and very simple task. We save more than 60% of our wages each month by applying these tips.

Everything you receive extra use it intelligently

If you work for someone else or do some extra work, you will probably receive:

  • Utilities
  • commissions
  • bonus
  • work bonus
  • cousin

In this case, use that money to pay your debts or put it as part of your savings to travel the world. ADP. Payroll – HR – Benefits

Find an extra income source

This point may seem obvious, but we give you our case. We did not want to stay hanging after fulfilling our dream of going around the world, while we wanted to help other people with what we knew. That’s why we train in digital business to be able to start and have extra income at the moment. Not only did we create the blog as an online business, but we also rented a room with Airbnb that generated other revenue. We bought a car that made him work as a taxi, and You even did many times as a driver. If you want to know how to generate money with Airbnb and stay free for the world, you can read our mega guide here. The issue is not to guarantee yourself the salary you receive. You can always get more and other ways to save money to travel the world.

Forget about gifts for social commitments

Your family and your true friends will understand. In addition to us, it seems stupid to have to give material things, especially because we believe that the main gift is what you share with people: your time. That is our case, although it may seem controversial to many people. When we started to travel, we told the family that they would not receive gifts for Christmas, birthdays, or any other type of event. Nobody put us a bit and rather they always helped us save more. CorpNet. Start A New Business Now About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Complete Controller. America’s Bookkeeping Experts