Third Day

Let's start by reviewing what we've learned so far. If we want to change our financial life, the first step is to pay off outstanding bills and debts that we pay interest on. To be able to pay them, we have to drastically reduce our expenses. We can't spend our income on superfluous things. We can only use our money for what is truly essential for our survival. So, whatever you buy, whether it's goods or services, remember to ask yourself if it's really necessary at this moment.

Now that we've reviewed, let's move on to our third day. Today's task will be to get rid of anything that makes you spend more than you have: "credit." Credit cards are an incredible tool for those who know how to use them. They give us cash back and give us purchasing power that we often don't have. And for those who don't have emotional and financial control, they end up becoming a destructive weapon. Today we're going to do a very simple task to help you identify how your expenses are currently.

Get the statement from all your cards for a period of 3 months. The last 3 months. Do not consider the accumulation of the previous statement or interest charges. Focus only on what you spent in the month.

If you do not use a credit card, you are already on the right track and are not spending more than you have, which is incredible. The vast majority of us right now are wondering why we spent so much on useless things. Yes, I just realized that I spent more than I earn just on purchases made with my credit card. That is terrible.

If you find yourself in this same situation, immediately stop using money that you do not have. My recommendation is that you keep your card in a safe place, away from your wallet of course. Hide it or ask someone to do it for you. I keep it in case something extremely urgent happens (for those who don't have an emergency fund, a credit card is an option).

Spend only on what is essential for survival, and do not use money that does not have "credit". Start using a debit card.