Debt versus Saving

What would it take to achieve financial stability and sufficiency in your life?

Look honestly at your life. What can you do now that would move you one step closer to having control over the money in your life?

Debt versus Saving

Would you need to trim back your lifestyle?

Would you achieve this by refusing to purchase on credit?

Would you need more income?

Saving Your Way to Financial Freedom

Debt is a form of slavery designed to trap you, presented as if it will liberate you. As if it will set you free.

But think of it like this: debt is money loaned, and it’s money that does not even exist.  The big catch-22 question most people ask themselves is “Which should I do first – pay off my debt or save money?”


It’s not about debt versus saving, the best solution is to DO BOTH

While many people are stuck in the habit of trying to make money to cover expenses and get by each month, the reality is that money flows away from chaos and flows towards structure and order. If you continue focusing on paying off debt, it seems that more debt keeps coming and existing debt remains. However, if you focus on creating order in your financial journey, by starting and continuing the habit of saving you will find that the debt will start to reduce and you will focus more and more on ways to make more money so that you can save more and more – WOW!

Yes it really is that simple.

If you want to create true wealth, focus on what you can do to save money and the rest of the problems will start to become resolved.

Avoid debt as if it were the plague.

Live below your means. Get ego and emotions out of your finances. You do not have to keep up with the Joneses all your life. That’s just exhausting. Be happy with what you have and with what you an afford. Get on Pinterest if you have to (it’s wonderful, you should try it!) – find ways to make beautiful things at home instead of buying the expensive ones in the store.

Society does not teach people to be aware
because it is too busy teaching them to
be productive.
Debt versus Saving

The Art of Spending Less

Maybe you spend more than you earned. Then what? First, look carefully at how you spent the money. Too often, our money takes a detour from our goals and we have to take steps to get back on track.

Getting back on track usually means two things: cutting back expenses or increasing income (or both). Now that you know your expenses, it will be easier to cut them.
Remember, if you don’t spend it, you don’t have to earn it.

Increasing income might be an option for you and your family members to consider.Some ideas for increasing income, include:

⋅ taking a second job

⋅ having other family members work and contribute to the household income

⋅ turning a hobby into extra income

⋅ selling unwanted items

Ideas for cutting back on my spending: – add to budget

 Keep in mind

  1. Frugal is not deprivation
  2. Finding great bargains – the ultimate thrill
  3. Shop with a grocery list (and not when you are hungry!)
  4. Stick to your budget
  5. Review expenses weekly – identify where it is working
  6. Budgeting – enter your actual expenses and compare to your estimate

I love to hear your feedback.
What can you do differently, when it comes to debt versus savings?
Please share in the comments below

debt versus saving


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