To be financially free means something different to everyone. My financial freedom may mean no debt of any kind. Yours may mean if you have a mortgage and that is your only debt, then you consider yourself financially free. Financial freedom may be work related, school related, or involve your family. One thing I know to be true is that if you do not have a budget or a handle on your cash flow, you will never enjoy financial freedom.
Here are a few easy steps to follow so you can track your cash flow:
Develop a budget. There are many easy budget tips available online.
Review your bills. You may be spending more on things like phone or cable than you need to.
Track your spending. Once your money is gone – it’s gone. Even if you track your spending for just 8 weeks, you will have a good idea of where you might be spending frivolously.
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