I love Netflix. You love Netflix. But Sofia Loved Netflix.
What is your favorite Netflix series? Stranger Things? Orange is the New Black? House of Cards? Sofia loved Unbreakable Kimmy Schmidt but when looking at her credit card debt, she knew she had to make tough choices. She decided to cut Netflix from her budget and hasn’t looked back.
Sofia was ready to make the tough choices. She analyzed her monthly expenses and noticed that Netflix was one of her few ongoing expenses that were non-essential and easy to cut. Expenses such as electricity, gas, and water could be reduced over time, but at the end of the day, she would need to keep them in order to live a healthy and functional life. Other expenses such as a car payment could be considered over time (would taking public transportation be feasible?), but stopping them quickly would be very difficult. She made the tough choice to cancel her Netflix subscription and use the savings to pay down her debt.
Small changes can save hundreds. Simply saving an extra $10 per month sounds small but when looking at it over time, these small changes make a big difference. Sofia realized doing this consistently could save her hundreds of dollars in expensive interest and help her pay down her debt months sooner than expected.
Talking to an expert can help find additional savings. Sometimes taking the first step is the hardest. Talking to someone who has gone through the process can help you think about your options, narrow down your choices, and discuss which ones would have the greatest impact on your debt. After you save the first $10, is it possible to find another $10? Another $20? Decide now that you want to live with zero debt, make a plan to reach it, and take action today.
Follow Sofia’s story as she reduces her debt: