One single mom explains how the “fast credit card” worked for her, helping her go from paying paycheck to check, to buying a house.
Debt is easy to accumulate, but difficult to pay off. For Lisa Samalonis, this is the key to rebuilding her life after a divorce.
“It was very important to me to save a portion of that money so that I could put it down for a salary, and also to save through the divorce, to save my credit so that I could qualify for a mortgage,” Samalonis. said.
The New Jersey native said she had to adjust to living as a single mother of two on one income. So, he decided to go for what he calls an instant credit card.
“Not using my credit card in the beginning is an important point, because if you use money or credit, you can see it as soon as you know it.” You don’t have enough money, it’s still there, get the awareness. know that you are actually spending more than you are,” Samalonis said.
Today, the single mom owns her own home and shares her top three steps to financial freedom. The first step is to break down your finances.
“I just had a notebook, and I wrote down most of my expenses, the most important things at the top, like food and my mortgage or housing. Then, under the list of things that don’t matter. Breaking it down and being really honest or like being honest with myself, that really gave me control as I moved forward,” Samalonis said.
He said, the second step is to use the free budget, if you have to use a credit card.
“When you use your credit card, you take the money that is in your account and put it in a group or put it towards your expenses,” said Samalonis.
Finally, he said, plan ahead.
“My plans started to go well, when some unexpected money came up, either things we owed or things we wanted to do, I tried to plan ahead and be able to save my money every month for that. goal,” said Samalonis.
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