Optimal Finance Daily - Financial Independence and Money Advice

3407: 6 Ways to Fix Your Finances and Resuscitate Your DOA Money Situation by Mikey Rox on Financial Recovery Steps

Jan 1, 2026
Explore six practical strategies for financial recovery. Learn how to stop impulsive shopping by comparing sale prices to not buying at all. Discover the importance of cutting recurring subscriptions by auditing your bank statements. Get tips on handling high-interest balances and the significance of only buying what you can afford. Beware of decoy pricing that leads you to spend more. Finally, consider treating all payments like cash to avoid unnecessary expenses and maintain control over your finances.
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ADVICE

Stop Impulse Shopping

  • Avoid impulse purchases by comparing the price to zero, not the discounted past price.
  • Only buy sale items when you actually need them right now.
ADVICE

Audit Recurring Subscriptions

  • Pull up your bank records and list every recurring subscription from the past 90 days.
  • Cancel or downgrade services you no longer use to reclaim monthly budget room.
ADVICE

Transfer High-Interest Balances

  • If you can't pay off high-interest credit card debt, transfer balances to a 0% intro APR card.
  • Prioritize eliminating interest to reduce the total cost of your debt faster.
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