Working up the courage to face debt

How important is bookkeeping?

If you don't start bookkeeping, it's hard to keep track of your daily, weekly, and monthly expenses.

I'm a big spender. Wages are mid-to-low among their peers. From before the epidemic to now after the epidemic, the salary has not been reduced. The company also fine-tuned a 1.956% salary increase this year and gave me a one-month reward. This is quite kind and kind.

However, due to the generally low wages for jobs with the same attributes, and the fact that he has served in the company for 9 years, the income now is a bit shabby. Of course, this is not to say that the salary paid by the company cannot support me, but to make life a little better, or consider taking out a loan to buy a house, it will appear stretched or the economy will fall into an "emergency" at any time.

As mentioned earlier, I am a person who spends money like water, a so-called bad money man. If it weren't for "middle-aged anxiety", I'm afraid I wouldn't make a big fuss about money, let alone "suddenly become realistic" and bravely face my financial crisis, especially credit card debt.

After I got my credit card 7 years ago, I fell into an endless cycle of paying off my credit card debt every month, and then brushing more than I paid every month. After years of accumulation, it has never been possible to pay off the outstanding credit card payments. Although I tell myself every year that I have to work hard to repay my debts this year, the paradox is that I can’t always summon the courage to face the reality of debts, and often choose to avoid them. Live in offline physical stores or online stores, the more you swipe, the happier you are!

For better financial management, I have been looking for a plan for the past two months. If you're in a similar situation like me, here's my shallow summary of what I've read so far, from various financial books (that worked for me):

(1) Take courage and look directly at debt;

(2) Saving after the debt is dealt with;

(3) Actively keep accounts, no matter how big or small;

(4) Follow up the accounts for one or two months, and catch unnecessary expenses and omit them;

These four steps are currently being faced and implemented with great difficulty, and I hope that when I share a similar article next month, I have made progress and gained something. In the chaotic days after the epidemic, frugality is one thing. My personal opinion is that how to open source is more important. Bless myself, the wealth is rolling, and the debt is away from me!