MAKING CHANGES
Next, you can focus on your income and explore strategies to increase it as a way to balance your budget, pay off debt, and/or put money toward savings. Perhaps this will involve a change in jobs or careers or taking on an additional job to bolster your income. Your change may be temporary or, depending on your situation, more long term. We encourage you to explore ways you can increase income.
We acknowledge it is easier said than done, but increasing income is one-half of the budget equation (income minus expenses) and cannot be overlooked.
Finally, please note that the decision to go to school or back to school should be part of a carefully calculated decision. You must compare the cost of the school with the lost income while going to school and your future, realistic income and the likelihood of achieving a job in your chosen field. Please see CENTS’ Debt Slapped program for more information.