By Augustine St. Claire
I was living in Los Angeles. Had a great job at 40 and was not putting one penny away in savings. I was spending money faster than I was making it, living the single life. I knew every bar and restaurant along Hollywood Boulevard, and bartenders and waitresses knew me by name.
Now I’m living a comfortable retirement. What turned me around?
Reality. I noticed my co-workers and friends moving on with their lives. While I was stuck in a small apartment, they were getting married, buying homes and establishing a life beyond the nightclub. I knew I had to get serious and start saving.
I tore up all of my 13 credit cards
At the time I owed over $30,000 in credit card bills and my interest was over 19% on each card. Each card had a limit of $10,000. I cut them all up and started using a debit card.
I got on a budget
I created a budget. I paid off several cards in two years and reduced my expenses and saved over $900 a month.