How good are you with your money?Take this 2 minute quiz to get your financial wellness score!
Click Here to Start*Bonus: Learn about my new book, Get Good with Money

LRC Fundamentals Day 16: Find Money

LRC Fundamentals Day 16: Find Money

By TheBudgetnista -  Tags: ,


New to Live Richer Challenge: The Fundamentals? Learn more about it HERE.

Need to catch up? Click on the link where you left off and then come back!

Day 10: Your Spending

Day 11: Defining Dollars

Day 12: Automation

Day 13: Allowance

Day 14: Review, Reflect, Relax

Day 15: Debt List

Week 3: Debt

Today’s Easy Financial Task: Find money to pay down your debt

How to rock this task:

  • Take out your Money List from Day 9
  • Write down how much money you saved on Day 10
  • Decide how much of that monthly savings will go towards your Debt-Pay-Down-Plan

So, let's get started…

As you know, this is Week 3 and we’re tackling your debt. Yesterday, I had you make a list of all your debt and its terms.

All I want you to do today is to use your Money List to figure out how much money you can allocate to pay down your debt each month. Now do you see why a physical budget is so important?

Note: Some of the extra monthly money you found during Day 10 (Reduce Your Spending), should still be earmarked for savings, but some of it should be set aside for debt too. If you have debt, paying it down and saving should happen simultaneously.

Once you've identified how much money each month can go toward debt, don’t do anything yet. I just need you to make a note of the amount. Tomorrow I will show you how you’ll use the extra money to activate your Budgetnista Debt-Pay-Down-Plan.

If you couldn't find extra money

There are only two ways to get more money in your budget:

1) Make more

2) Spend less

Only you know what needs to be done. Ask yourself if you have a "make more" or "spend less" problem. You might have a combination of the two.

The solutions are easy to identify and will take some work to apply, but you can do it.


1) Make more:

- Are you due for a raise? Gather physical proof of how much value you add to your company and make an appointment to speak with your boss.

- Look at what you do for a living, or what you have a degree in. In order to maximize your time and money, your side-job should be in a field related to what you already do for a living or went to school for. For example, a teacher may want to work as a tutor. A janitor should seek additional employment as a handyman. Finding extra work in a related field means you will not have to acquire a new skill set and your compensation will most likely be greater due to your experience.

- Work overtime

- Babysit, bake, sell dinners, house sit... be creative.

- Earn cash back from spending where you can. On Day 10, we talked about earning cash back from online shopping through Rakuten (formerly known as Ebates) for FREE. Every small bit helps. Earn money back when you spend on necessities and then use it to chip away at debt. Walmart,, and Amazon are just a few merchants that give cash back through Rakuten. If you missed the overview of what Rakuten has to offer, go HERE.

2) Spend less

- Go over your Money List line-by-line and commit to making real changes in your spending.

- Call your service providers and ask for a discount. It works!

-Restructure your debt. Consider getting a personal loan to pay off your credit card debt. ONLY do so if your monthly payments will be lower with the loan. Also, try refinancing your private student loan debt. This can help to lower your monthly payments.

Head to Magnify Money to get personal loan company suggestions. Look for one that has a super HIGH grade on Magnify Money . I love that site and I've personally recommended them for years.

Note: If your credit is bad, you may not be approved to refinance your student loan at Sofi. Just remember at Sofi trying doesn’t give you a hard inquiry or bring down your credit score, so it doesn’t hurt to try. If you’re not approved, review all the steps I’ve given you above and try another company.


How much did you decide to allocate for debt? Let me know in the comments below. Tell other Dream Catchers in our LRC Forum.

Share the great news now!

Today I found money in my budget to pay down debt! Day 16 #LIVERICHERChallenge Click To Tweet

Live richer,


You can find me here:

twitter: @thebudgetnista

instagram: @thebudgetnista

Facebook: The Budgetnista

Private Forum: Dream Catchers : LIVE RICHER

(If you’re new to the Dream Catchers: LIVE RICHER forum make sure to fill out the questionnaire HERE before requesting to join.)



My Lisa Rule: I have 4 sisters and Lisa is the baby (well she’s not a baby anymore). Of all of my sisters I’m the most protective over her. Before I share any product or service with you, it must pass my Lisa Rule.

What’s the Lisa Rule? If I would not advise Lisa to use a product or service, I won’t advise you to. YOU are my Lisa. I feel protective over you and your financial journey.

The products/services mentioned in this post pass my Lisa Rule. Yes, I'm an affiliate, but I would not recommend a product or service that I didn’t believe was helpful and useful. 


*** Have you just started the Challenge? Want to catch-up? Want to do the challenge again later? Want to work through the LIVE RICHER Challenge in a workbook as well? You can do it ALL with the LRC Book. Get it here NOW: LIVE RICHER Challenge Book ***

Screenshot 2015-01-18 06.43.45

Get FREE Weekly Goodies!

Join the mailing list to get FREE weekly budgeting goodies directly to your inbox.
Tiffany “The Budgetnista” Aliche is quickly becoming America's favorite, personal financial educator. The Budgetnista is also an Amazon #1 best selling author (The One Week Budget and Live Richer Challenge), sought-after speaker and teacher of financial empowerment.
DISCLAIMER: Please read this Disclaimer carefully before using the Website (the "Website") operated by CLD Financial Life ("us," "we," "our") as this Disclaimer contains important information regarding limitations of our liability. Your access to and use of the Website is conditional upon your acceptance of and compliance with this Disclaimer. This Disclaimer applies to everyone, including, but not limited to: visitors, users, and others, who wish to access or use the Website.

By accessing or using the Website, you agree to be bound by this Disclaimer. If you disagree with any part of this Disclaimer, then you do not have our permission to access or use the Website.

Tiffany “The Budgetnista” Aliche is not a lawyer, accountant, credit analyst or investment broker. Information Tiffany Aliche provides during her presentations is for informational and educational purposes only. Tiffany Aliche assumes no responsibility or liability for any errors or omissions in the content provided. The content Tiffany Aliche shares in this video, workshop and/or presentation is provided on an "as is" basis with no guarantees of completeness, accuracy, usefulness or timeliness. The information shared is from Tiffany’s personal experience wherein she increased her credit score, reduced her taxes, increased her earnings and shifted her business organization. Any reference to credit scores that “Jump like Jordan” should be taken figuratively—not literally. Any reference to credit scores that Jump like Jordan is not a guarantee that your score will increase similar to Tiffany Aliche.

Tiffany Aliche’s personal success is not a reliable indicator of future results. It is very important to do your own analysis before making any financial, legal or accounting decisions based on your own personal circumstances. You should take independent financial advice from a professional, or independently research and verify any information before implementing any information that Tiffany Aliche shares and you wish to rely upon.

Affiliate Disclaimer: We participate in the affiliate advertising program, which is designed to provide a means for us to earn fees by linking to their products or services on our Website. The fact that we participate in this affiliate program means that compensates us for the inclusion of links that are clicked on and our reviews.

Changes: We reserve the right to amend this policy at any time without any prior notice to you.
© Copyright 2020 - The Budgetnista Blog - All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram