When you live pay check to pay check it sucks and we all know that. Getting out of debt for the most part isn’t about how much money you make as much as it’s about how you manage your money lets say for a used car.
When you are paying off debt and have low income yes it does suck and it might take you longer but it’s not impossible for you to pay off debt.
Believe you can pay off your debt
First you need to believe you can pay off your debt. It’s all a mindset and you need to get into it to make this possible even if you’re paying off your debt to raise your credit for a used car in Houston. Anything is possible so you have to go out and get it done.
Managing your finances aren’t going to be easy but if you can get a bit smarter everyday your going in the right direction.
You need to keep an eye on where your money is going that’s why60% of people live pay check to pay check is because they don’t know where their cash is going. Knowing your finances and knowing your money before it leaks is the best step to take.
Track you’re spending no matter how small the spending keep it in a note pad. Doing this will help you take on the next step which is budgeting and that’s big because you can’t purchase a used car without some kind of budget or down payment plan in Houston Texas.
Just work your plan to pay off your debt a lot of people do the 80/20 rule. 80% is used to pay off your current debts and 20% is for you to save.
You will be surprised the down payment you can actually save with that kind of strategy. It’s like this 20% of your check goes to savings doing that for a few months can really stash the cash for any kind of down payment.
When you put a down payment on a used car in Houston TX
Not a lot of people with bad credit put a down payment for a car in Houston Texas they look for the options of no money down on a car or $99 down for a used car in Houston Texas. Neither is bad but if you have the savings use it for a down payment the interest won’t be as bad.