If you find yourself in the middle of feeling like you never quite have enough, and once you pay your bills there’s hardly anything left, you are in a financial slump. Imagine waking up every day having enough for your basic needs, and also enough to buy something special for yourself that simply makes you feel good.

This lifestyle is completely possible to get to. All it takes is a goal, follow through, and persistence.

Financial freedom isn’t the key to happiness, but it sure gets us considerably closer to happiness. Having debts, and feeling as if no matter how hard you work you never have enough, is not a positive state of being.

Follow these tips for getting out of your financial slump and take control of your financial freedom.

Clean Up Your Credit

Your debt is probably the one thing holding you back the most. With debt comes that pesky compound interest. The single most important thing you can do bring yourself out of a financial slump is to pay your debts. Paying off your debt will repair your credit, and open up a world of possibilities for a loan for a property or starting your own business.

You can have all the money in the world, but if your debt outweighs your assets, then you aren’t financially free and you are trapped in a cycle of interest. However, someone with a modest income yet excellent credit can live a fabulous lifestyle.

Get a Supplemental Income

If you aren’t making enough to fulfill your needs and your desires, consider sacrificing your social life for a period of time and earn supplemental income.

By finding a part time job to fill several hours in the week, you could earn up to $1000 extra dollars a month that can go straight to your debts.

Make this sacrifice for 6 months to a year and make considerable progress with your debt.

Start Savings

One of the best ways to have savings is to, you guessed it, start saving. By committing to put away a certain percentage of your income each week,not counting it as part of your spending amount, you can put away hundreds without even noticing it’s gone.

One of the easiest ways to save is to save all of your dollar bills and coins. If you stick these small units of money into a shoebox every day and opened it up after a few months, you would be shocked to find that these small bills that you hardly noticed were gone, added up tremendously!

Some people find they have as much nearly $1000 after 2 or 3 months. This system is particularly effective if you work in a job that provides tips.