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Want to Do Away with Bad Debt? Employ the Use of This Budgeting Strategy

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Bad Debt

So you’re looking for a budgeting strategy. If you log in online today, you’ll be inundated with a plethora of budgeting strategies each purporting to be useful than the next one. It’s easier to fall for any or all of them. But there’s one that takes the Oscar home: Zero-sum budget strategy.

It’s a favourite for many, and for good reasons. It is simple to implement and requires no third-party support of fancy budgeting software. All you need is a pen and paper or spreadsheet, and you’ll be on your way to transforming personal finances like never before.

Wondering how a zero-sum budget works? Here’s how:

  • The zero-sum budget comes up with your current month’s expenses by using your last month’s income – so instead of basing your budget on mere projections, you instead base it on your income.
  • A zero-sum budget helps account every dollar you used in each month – It helps to come up with a plan that gives each of your earned dollars a job. This helps maximize your money usage, do away with waste, and also allows you to pay yourself first.
  • The sole objective of a zero-sum budget is to ensure each month ends with a zero, literally – Your month should end with nothing because you’re planning for each dollar spent based on last month’s income.

So how do you use this budgeting strategy to pay off debt?

One thing you should realize is, zero-sum budgeting strategy is powerful yet eye-opening. Many families do not realize how messy their spending on miscellaneous items is until they start tracking their spending and create a zero-sum budget. It makes everything clear, even the most complex of issues. In fact, it accounts for every dollar and shows you how you exactly spent it.

But having this budgeting strategy will not suppress or keep your bad spending habits at bay. Following through a zero-sum budget requires a healthy amount of patience, consistency, and utmost discipline. If you want this budgeting strategy to work for you and your family, you have to write down your spending goals individually or as a family and follow through those goals to the letter.

If you’re serious about paying off an accrued debt, you have to be equally serious in your planning on how to repay your creditors. It might take time but with the right strategy in place, it is possible. If you want to get out of a vicious debt cycle, follow through these tips to help you come up with a powerful zero-sum budget that works for you.

  1. Pay your debts (and yourself) first

It’s an open secret that if you want to get out of debt make sure to save for the future and repay your debt. You have to make these two things a top priority. And soon you’ll be debt free. So at every beginning of the month, take painful but consistent steps in your zero-sum budget by paying off the heftiest of debts or bad credit loans with high rates with help of some quality lenders.  out of the way first. There is no better route to success than this.

  1. Don’t sit and wait to see how things to work out. Be proactive!

One of the grave mistakes that people are guilty of when making a zero-sum budget is to sit and wait to see how things work out eventually. This is a recipe for creating bad financial goals.

For instance, if you owe $2,000 in credit card debt, don’t wait to see “how things work out” at the end of the month pay off the debt. By doing this you not only allow $2,000 to sit idle in your checking account for a whole 30 days but also allow indecision to take control. This will soon or later work against you because old habits die hard.

Another thing, by sitting and waiting to see “how things work out” you are silently saying to yourself you don’t think they will, after all. To put it another way, you’ve set yourself up for failure before you even commence employing the use of a zero-sum budget.

To avoid making a mistake that will set you up for failure before you even start, make sure to do away with the heftiest of debts on your list at every beginning of the month.

  1. You must track your spending. Do this regularly!

Once a week sit down and start tracking how you spend money. This is not an easy task or action to do but if you make it a habit, you’ll be on your way to a life free of debt. For example, if you’ve been used to spending large amounts of money on eating out and entertainment, it will be a challenge to spend say $300 on entertainment. It won’t be easy.

So the best thing to do is to track your spending regularly, at least once a week. By doing this you will have a clear view of your projected spending and fluctuating expenses say on food and entertainment. Decide on the best financial goals to come up with after this. And to best effectively stay on track of your spending, print out your bank statements and monitor each expense.

By having a bank statement or a statement of your online check account, you will have a clear view of where you are in terms of your spending. This will make easy tracking of every dollar you spend. These statements provide you information on whether you are overspending or toeing the budget line.

Conclusion

You have nothing to lose by creating a zero-sum budget especially if your financial goal is to get out of debt. Also, you don’t need to invest in third-party software or to buy anything to help you stay on track of your spending. Just need a paper and pen, and your credit card or bank statements. So, it’s a cheaper yet effective way budgeting without spending money on anything.

Anything worth doing including budgeting or getting out of debt requires time and patience. The same applies when you come up with the zero-sum budget. The first few months may pose a challenge but with time you’ll get used to how a zero-sum budgeting strategy works.

Remember, the easiest way to pay down debt is to first pay off your (hefty) debts and yourself. Then don’t wait and see how things will work out. Be proactive. Lastly, track your expenses and generally your spending at least once a week. If you do these three things and dedicate yourself to meeting your financial goals, your budget will work for you. And you’ll be glad you kept a budget.

Siddharth Kashyap loves crafting content and sharing information about technology and business. Since the world mainly revolves around, business growth, and technological advancements, you can always find her delved into the digital world.

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Marijuana Benefits: How Weed Helped You to Get In Shape

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Marijuana Benefits: How Weed Helped You to Get In Shape

Before we dive in, let me explain my relationship with exercise and fitness in general. I grew up an ordinary kid running around with friends in our yard. In high school, I joined the track team and the swim team. I carried this on to my college days, where I made it to the varsity team in my university. After college, I got into running and joined a few marathons in and around the city. 

I am also blessed enough that I live somewhere that allows me to surf a couple of times a year. On days where I’m not training for a marathon or surfing, I hit the gym pretty regularly. As for my diet, I try to stick to eating more fruits and vegetables and avoid fried food and sodas. Fitness has always come easy for me, so when I hear claims such as this, I tend to take it with a grain of salt.

I started smoking weed in my 20s. At first, it was out of curiosity, but I began to smoke it a couple of times a month as a means to de-stress from work and life in general.

I prefer it over going out and drinking. I play a good movie, eat an edible or smoke my pipe, and munch on some chips or nuts (I try to eat healthy even when I’m high). A friend once told me that he tried getting high before he hit the gym and said it was a fantastic experience. 

I got curious and made a note to give it a try when the opportunity arose. Well, it did a few weeks later. And my friend was right. I usually feel aches and mild pains during my gym time, and especially when I do yoga but being high has made me not focus on it too much. My breathing was a lot steadier and calmer.

You can also read: 5 Beauty Benefits of Cannabis and Cbd Oil

Being high while working out has also given me the freedom to enjoy my workout truly

I didn’t have to continually check the miles I’ve run on the treadmill or the time I’ve spent in the gym. I wasn’t disgruntled by other gym-goers hogging the machine or not wiping it after their use. The feeling was euphoric throughout, and I wondered why I hadn’t done this before. I would be in a better shape if I have this to look forward to every time I exercise.

I did a few research about this, and there is, in fact, a growing trend of workout, at least in places where weed is legal, that involves cannabis use. There is a weed-infused yoga for people to try. A cannabis gym in San Francisco recently opened. And there is a growing number of athletes who get high before they workout or do their training.

You can also read: 15 Undeniable Reasons to Love Hemp Oil Cancer Treatment

Unfortunately, there is not a lot of scientific research done to prove all these claims

In many parts of the United States, cannabis is still considered to be a Schedule I drug. However, the most recent country that just decriminalized the drug in Canada. And it has been easier for eligible users, especially if they buy weed online from Canada.

But times are changing, and people’s views on the plant are also slowly changing. Who knows, we might see the day when buying and using weed is going to be as easy as purchasing alcohol.

You can also read: 15 Undeniable Reasons to Love Hemp Oil Cancer Treatment

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1 Million People Signed Up and 869K were Interested in “Storm Area 51, They Can’t Stop All of Us” Event on Facebook

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Storm Area 51, They Can’t Stop All of Us

Ever since our existence, humankind has been excited about terrestrial life. Scientists, government and a lot of local enthusiasts strongly believe that there is something beyond earth. They believe there is another terrestrial life for sure which we are still oblivious of may be made oblivious because the truth could be too scary for the government to reveal. It is not a very new question to raise whether there are aliens or not. There have been several incidents reported that tells about the visits from the extraterrestrials but sadly enough there aren’t ardent proofs to go by the theory.

It is also not the first time that local enthusiasts have taken an initiative to find out about the existence of aliens. We all are aware most of the extraterrestrial activities reported in Canada, so much so that in the province of Alberta, there is an area left as a helipad for UFOs to land. The Audorg, a research group focused on the study and investigation of UFO and extraterrestrial encounters in the province of Alberta.

But this time it is not Canada, but the people across the world are joining hands in a revolutionary event that is formed to raid or force enter the restricted area of Amargosa Valley, Nevada, a restricted military base-Area 51.

Storm Area 51, They Can’t Stop All of Us

via: Storm Area 51, They Can’t Stop All of Us/Facebook/Wikipedia

The site is highly confidential and has been safeguarded, theorist believes that government is surely keeping a piece of secret information on aliens in this camp.

Soon a Facebook Event was created to invade this area with a huge number of people signing in together. The event knowns as “Storm Area 51 They Can’t Stop All of Us” was confirmed by over 1 million people to be attending and 869k people being interested.

Ever since the event was created people are sharing their thoughts and creating, memes about raiding the high profile site. The event detail reads “We will all meet up at the Area 51 Alien Center tourist attraction and coordinate our entry. If we naruto run, we can move faster than their bullets. Let’s see them, aliens.”

You can also read: Recent Studies Reveal Shocking Facts About Life After Death Experiences

Memes and Funny posts are flooding the page now

Storm Area 51, They Can’t Stop All of Us

via: Wikipedia

Soon enough the event turned into a humorous idea and people started mocking the event by giving hilarious plans to attack one of the posts reads “Ok guys, I feel like we need to formulate a game plan, I’ve put together this easy to follow diagram here for a proposed plan.

The basic idea is that the Kyles from the front line if we feed them enough psilocybin and monster energy and say that anyone in camouflage is their stepdad, and the entire base is made of drywall then they will go berserk and become an impenetrable wall. Then the Rock Throwers will throw pebbles at the inevitable resistance (we don’t want to hurt them, we just want to annoy them enough to not shoot the kyles as often)”

It further reads “the two naruto runner battallions will run full speed around the north and south flank, and shadow clone jutsu, effectively tripling our numbers, and overwhelm the base (red circle). P.S. Hello US government, this is a joke, and I do not actually intend to go ahead with this plan. I just thought it would be funny and get me some thumbs uppies on the internet.

Russian spies tried to get there and failed

Storm Area 51, They Can’t Stop All of Us

via: The event post created by the Facebook profile by the name of @smyleekun. (Image: Facebook/@smyleekun)

It might have taken a funny turn but this is a matter of wondering why this base camp is restricted from anyone in the world. It is surely an important or vital source for any solid information about the extraterrestrial lives because Russian spies tried to get there and failed.

Not only that Clinton government also tried to get there but all efforts in vain. So, what about this highly protected confidential area that leads to so many mystery and insecurities regarding the aliens. Isn’t it the high time that all of us should know about it?

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While Indian Fans are Busy Mourning For Losing in Semi-Finals We Share Some of The Best Reasons To support Indian Cricket Team

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Some of The Best Reasons To support Indian Cricket Team

We all witnessed how India shattered in the semi-finals and lost it to New Zealand. It was like the Indian team blew hardship of one month in a single day. The first day it was the rain that ruined the match but we still had big hopes, but how the table turned when the match rejoined the next day, we all saw. However, this doesn’t give Indian fans to criticize the Indian cricket team.

We know winning matters, but this is unjustified to put the blame on the team that showcased us amazing winnings in the past whole month. This is why we have come up with moments that we should cherish and support Indian Team for a not criticize it for losing one match against Team New Zealand that played equally well.

The first day of the match, Indian cricket team had it in its had and we all were sure that it is going to win the semifinal match.

Everyone concluded that even if the match doesn’t rejoin, India is in the finals. But, the table just turned when the second day New Zealand showcased their best bowling and fielding skills.

You can also read: These 5 Famous and All-Time Favorite Cricketers Could Retire After Cricket World Cup 2019

Fans on social media are still criticizing and commenting on the batsmen of Indian Cricket team. Well, we agree that best batsman lost it quite early in the match but we cannot forget how Ravinder Jadeja swooped in and almost single-handedly took his team closer to the targeted run rate.

Ravinder Jadeja Cricket World Cup 2019

via: Twitter

He kept his hold on the field and scored 77 of 59 balls. Jadeja showed his criticizers his abilities to perform well even under a lot of pressure. He seems the only hope to win the match while he was paired with MS Dhoni.

Former cricketer Harsha Bhogle Tweeted in favor of Ravindra “It is a convention to give the player of the match award to someone from the winning side. Matt Henry was fantastic today but the performance of the match came from Ravindra Jadeja. He is my player of the match”

India might not have won but Ravindra Jadeja sure gave Kiwi some nightmares with the innings. People also being criticizing MS Dhoni for underperformance or wasting balls or for not hitting the big shots. We assume if MS Dhoni hadn’t backed up Ravindra Jadeja, Jadeja could have lost it, too. And if Dhoni has succumbed to the pressure and got bowled earlier India must have lost it by huge run rate.

You can also read: All You Need to Know About The Cricket World Cup of The Year 2019

On the whole of it, New Zealand got enough time to analyze the pitch and strategy, it seems the team practiced especially to give India a beat as even in the practice match India lost it to New Zealand.

So, instead of criticizing Indian Cricket team fans should have given some appreciated for the opposition team and also to Indian Cricket team who mastered their way to Semi-Finals like the kings. It has been a great series and we shouldn’t forget the spirit of Indian Cricket team.

New Zealand may have won it, but the ruler of the match remained Indian Cricket teams Ravindra Jadeja who played innings of his life and made the defeat less painful.

Featured image source: The SportsRush

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