Don't Rely on Luck

If you're like a lot of folks, when it comes to your debt, there are times when you just close your eyes and hope that by some stroke of luck it will get better. Unfortunately, relying on luck is about as effective as looking for a leprechaun and his pot of gold. Instead of luck, rely on a plan.

True financial freedom is achieved through careful planning and follow-through on that plan. Instead of wishing on a four-leaf clover, try these three steps instead:

1. Evaluate your entire financial picture. It can be difficult to look your debt in the eyes but if you're going to get control of it, you have to know what you're dealing with. It is time for a reality check.  As you gather all of the information about your current finances, remind yourself that this is not a judgment but a step towards healing. Mistakes may have been made but that's in the past. Now, it's all about how you move on from here that matters.

2. Create a plan. You have to set a budget, develop a spending plan, and commit to a debt reduction strategy to take control of your finances. Healthy boundaries keep your money safe and your bills paid.  Don’t leave this critical step to chance.  Your financial future is at stake.

3. Stick to the plan (and reward yourself). Just having a budget on paper isn't enough; you have to actually look at it, do what it says and stick to the plan. Make sure you build in some accountability. Whether you work with a coach like me or you have a friend that you can trust, you do not need to go through the process alone. And don't forget, when you hit a milestone (even if it seems like a small one), then you need to reward yourself. Don't go wild with the rewards, a simple treat will often do the trick.  Celebrating is fun and keeps you moving forward.

If you keep these steps in mind, this will get you closer to your own pot of gold!