Many have lost sources of income during the pandemic and fear being sucked into a deeper hole. If you have been financially impacted, you are not alone. Take a step back and look at things you can implement to ease the stress.
1: Understand what debt you are in
So much news is being thrown at you constantly and many people are bogged down by debt and never understand how much debt they are in or how much it will cost them in interest. First, you need to establish and make a list of what debts you have, how much debt you have, and how much the interest rate that is debt is costing you.
2: Tracking your spending
Take time to track your spending, record all costs like rent payments and all little costs that pop up. It is an eye-opening experience for many to see how many small purchases on a cup of coffee can add up to over €50 in a month! Do you really need to spend €17.99 each month on Netflix? Using free online resources …