Become Debt Free

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Steps to becoming debt free

  1. Recognize you need help
  2. Look at your finances – bills/owing
  3. Cut unnecessary expenses

I have known I’ve needed help for a long time but never did anything about it until this Fall. I made a list of my expenses and decided to make a change. I want to be debt free before I get married, so this was my first step.

Personal Loan
Provincial Student Loan
National Student Loan
Credit Card
Car Loan

I started with using the app EveryDollar for keeping track of my spending. So far it’s not too bad, it’s easy to use, but I’m not sure if I will keep using it. I do believe it works but not sure it’s working for me. For years I’ve used my google calendar to keep all my life organized. I especially use it to keep my bills in check. I know when everything comes out and can add in extra money where needed.


  1. Save $1,000 in a starter emergency fund
  2. Pay off all debt using the debt snowball
  3. Put 3-6 months of expenses in savings
  4. Invest 15% of income toward retirement
  5. Build a college fund for your children
  6. Pay off your mortgage
  7. Build wealth and give

I actually started with the snowball effect first then will work on an emergency. Also some of these may not apply to you at this time, I know they don’t for me. But find other ways you can use your money.

My list:

  1. Pay off debt using the debt snowball
  2. Save for Christmas
  3. Save $1,000 in an emergency fund
  4. Start Tithing 10%
  5. Invent more in my RRSP
  6. Put away 3-6 months of expenses in savings
  7. Start saving for the future


It’s all about making the right choices. Do I need this? Does this benefit me in some way? I know I need to change my thinking when I spend money.

How about you?

Posted by

Christ Follower / Photographer / Blogger / Adventurer / Annapolis Valley, Nova Scotia

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