Natasha Etzel for Freedom Debt Relief

How to create a bare-bones budget when you’re in debt

Debt freedom is a goal you can reach. As you begin your debt payoff journey, changing how you manage and spend your money could get you there even faster.

A bare-bones budget is a great way to identify non-essential spending, Freedom Debt Relief reports. That could help you free up more money for your financial goals. Bare-bones budgeting is far from a lavish lifestyle, but it could make your money stretch farther.

Key Takeaways:

A bare-bones budget focuses on essential expenses.

You might even be able to reduce some of your essential expenses.

Living on a strict budget isn’t easy. Use technology and your support systems to stay on track.

What Is a Bare-Bones Budget?

A bare-bones budget i

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