Clear Debt With SSS – The Simple Saving Strategy

Yes, you can clear debt with this simple saving strategy.  If you do this for just one month, and it will only take you approximately two minutes each day to complete, then at the end of the month you will know exactly where all your money has gone.

Also and, most  importantly, you will see how you can save each month from now on.

Knowing this will enable you to clear debt and go back to enjoying your life without the constant worry of your debt problems.

Clear Debt SSS Set-up

Right, let’s get started with this amazing simple plan,

At the beginning of each week prepare a sheet of lined paper for a daily account of what you spend.

Divide the sheet of paper into 5 columns as below:

DATE     –     ITEM     –     NEED     –     COMFORT     –     LUXURY

Write down absolutely everything that you spend each day because it is the only way that you will be able to determine exactly how you are spending your money.

If, it’s a need, put it in the NEED column.
If it’s a comfort, put it in the COMFORT column
If it’s a luxury put it in the LUXURY column.

You have to be completely honest with yourself as to which column you should put the expense in, in order for this to work.

By the end of a month you will most likely find that the COMFORT and LUXURY columns have many unnecessary items listed and therefore wasted money which could have been used towards helping you become debt free.

By completing this very simple exercise, you’ll be on the road of taking control of your outgoings and on the road to clear debt.  You’ll also be starting a savings plan within no time.

Thoughts to clear debt

Warning! There is a saying –
‘Look after the pennies and the pounds will look after themselves’.

I prefer this one …

‘Penny wise but pound foolish’

Too many people scrimp over the pennies. They then feel that they have ‘saved’ and feel justified to buy something else they wanted, no doubt more expensive, because of saving this way.

They are actually wasting pounds instead!

We are all capable of doing this but it definitely not the way to clear debt.