Let’s face it, between moves and the military, you are slam broke! Finances can be a touchy subject, I get it, but this is a conversation that deserves to be had.
I have a little secret to share with my fellow military spouses looking to make the change~~
5 Tips on Saving Your First $1000– On a Military Salary!
By the end of my tips you’re going to be ready to hit the ground running. Maybe you’ll even be seeing green!
Write out your debt to income ratio. Seeing the numbers on paper will make it easier to come to terms with the necessity of finding your way out of the debt tunnel.
As soon as you can, ditch the cards. I’m not talking about making the adjustment to solely using cash envelopes right off the bat, but you need to make a conscious effort to steer clear of your credit cards.
Plan out your grocery trips. Not everyone has time to cut coupons, visit multiple stores, and stockpile. Check the ads for the store that you frequent, and plan your meals around the current week’s sales. Making a habit of eating at home saves you a ton of money.
Pack your lunch. You don’t have to settle for cold meat sandwiches if they aren’t your thing. Take last night’s leftovers! Packing your lunch will cut a large chunk from your weekly expenses.
Pull small amounts from each check to build your $1000. I’m talking about $20-$25 each paycheck. Yes, the faster you can save the money the better, but you are more likely to stick to a routine if it isn’t a drastic change to your life.
You’ve got this! Saving your first $1000 puts you on the fast track to a debt free life, and believe me it is SO worth it. You won’t make millions working for the military, but you can easily live comfortably.
Dave Ramsey said it best, “Live like no one else, so you can live like no one else!” The adjustments you are making now will make life much less stressful.
Stay tuned for my next set of tips on defeating debt on a military paycheck!