How To Find Extra Money To Break Free From Debt


Greetings, precious Wealth chefs

One of the toughest steps in claiming back your life and eliminating your consumer debt is to find that “extra” money needed to increase your repayments and make real headway. Once the snowball get’s moving, Debt Destroyer Recipe, and you see the debt reducing as a result of your efforts it’s much easier to keep going.

But how do you start?

You start by getting very clear on the difference between NEEDS and WANTS.

Our society makes a big business out of blurring the lines between these. It is exceptionally easy to get caught in a spend spiral, sending money out of our lives unconsciously, like puppets with our strings being pulled by the mass advertising machines telling us all the things we NEED to have in order to feel happy, loved, successful and wealthy.

If we aren’t careful, we can lose appreciation for exactly how fortunate and blessed we are and mostly what wealth really is for us.

At it’s best this spiral ensures we stay trapped in the earn – spend cycle making no headway on breaking free from debt, creating sustainable wealth and moving forward towards financial freedom. At its worst it enslaves people in vicious debt traps, drowning in repayments, feeling desperate and giving up on their dreams.

Here are four easy steps to breaking the cycle and finding that extra money to blitz your debts.

Step 1: Get clear about what actually makes you feel wealthy

Make a Wealthy Living List. List of all the things you love most about your life, the times and experiences where you feel alive and rich and the things you are grateful for.

Step 2: Differentiate your NEEDS from your WANTS

Download you expenses for the past 3 months and review every transaction using the following question:

Is this a NEED or a WANT? If you cannot absolutely, hand on your heart state it is a need, then it is a want.

Make a red mark against every spend item that is a want.

Notice too all those cash withdrawals and items which you haven’t a clue what the money was spent on.

Step 3: Do the DIBMSU’s check

See if those WANTS align to the things that make you feel wealthy. Go back through the items with a red WANTS mark and ask:

DOES IT BLOW MY SKIRT UP? Did this expense bring me an experience or thing on my wealthy living list? Anything that doesn’t absolutely blow you skirt up gets another red mark against it.

Step 4: Clear the decks and claim back your life

Go through each item with two red marks against it and commit to eliminating that spend from your life. You are aiming to cut out a minimum of 15% of your current spend.

And Voila, you’ve not only found the additional money to break free from debt and get that ball rolling but you’ve discovered what actually blows your skirt up so you can have more of the things that make you feel wealthy now.

Blitzing Your Debt is Wealth Recipe #3 in The Wealth Chef book. Get your copy of the book today and I’ll give you an Online training programme free to get you blasting forward on your wealth joinery. Go here to find out how to buy the book and claim your free course

What expenses did you discover that you can eliminate and actually improve your quality of your life? Please share in the comments below.



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  • karen kay says:

    I bought my son an i phone cash and shopped around for the best deal sim PAYG. He gets soooo much more juice on his phone for £15 a month than I do on my contract for £36 that always goes more for some reason. When my contract ends Im on a PAYG! Also I started asking the question…. how will my life be changed if I dont buy this? eg needed a charger wire so I would be greatly affected but being without a new handbag doesnt affect my life! Thanks Ann and thanks universe for introducing her and her amazing book The Wealth Chef x

  • Thandi says:

    Wow this is great. Last year I decided to downgrade my DStv subscription from premium bouquet to Compact (less channels). I decided to to take the difference in cost which was about R500 and save it in a Satrix account (stocks). I have saved more than R4000 in just changing my tv consumption. Its not a lot but it just shows the amount of money one can save by seperating your needs from your wants.

  • Susan says:

    Just worked out that my mobile phone is costing me almost £1000 over a 2 year period! I will not do this again! Over the family that’s x 4 – EEK! Thanks to the Wealth Chef I am so much more aware now!

  • su says:

    I have just found an extra £90 a month ( a thousand pounds a year) just by getting a better deal on the broadband ( in fact the new one is faster), a better package on the mobile phone and switching my gas and electricity provider. Just a couple of phone calls and a web search. I am so energised and happy as it does not take anything away from my life – and I feel so much more at peace. More money clawed back to go towards debt repayment and then investments!

  • Mabatho says:

    Thank you for the financial insights. You have liberated me. People who know me say I am a miser. I have always lived with this “guilt feeling” that possibly they are right. They go on to say, according to mind power I will always have less money because I don’t spend it. Your system makes more sense and I am slowly reaching my goal. I’m left with only two debts: a bond and car, thanks to you.
    Mabatho Kekana


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