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Step 2: Pick Your Categories

Use these core categories to organize your expenses:

1. Groceries
2. Transport
3. Bills
4. Fun/Entertainment
5. Other (for anything that doesn’t fit the above)

Step 3: Track Every Day

Write down all your expenses daily in these sections:

• Date: When you spent the money.
• Description: What you spent it on.
• Category: Match it to one of the core categories.
• Amount: The cost.

💡 Tip: Keep your tracker with you or set a reminder to update it daily!

Step 4: Reflect and Adjust

At the end of each day, answer the questions in the reflection boxes:

• What did I spend wisely on today?
• What could I skip tomorrow?

This builds awareness of your spending habits and helps you make smarter choices.

Step 5: Review Your Progress

At the end of the month:

1. Total your expenses in each category.
2. Compare your spending to your savings goal.
3. Look for patterns—where can you save more?

💪 Small steps lead to big results over time!

Join the Conversation: Share your progress and tips with the Peelout community!

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Step 2: Sort Your Debts

Now, sort your debts from the smallest amount to the largest amount. This will help you decide which debt to pay off first.

Step 3: Start Paying Off Your Debts

From your monthly salary or income, pay your regular monthly payments (EMIs) for things like housing loans, car loans, or personal loans. Make sure to keep some extra money for your monthly expenses.

Still have some money left over? Great! You can use this extra amount to pay off your smallest debt faster.

Step 4: Celebrate Your Wins!

Let’s say you paid off one of your debts, like a loan from a friend, in 3 months—congratulations! It’s time to celebrate! Go watch a movie, eat out, or do something fun.

Then, repeat Steps 1 to 4 until you are free from all your debts!

Important Tips to Remember:

• Focus on clearing your debt. Make this your top priority.
• Don’t use credit cards. Avoid adding new debt.
• No new loans. Try not to borrow more money.
• Spend on needs, not wants. Save money by cutting out unnecessary expenses.
• Don’t eat out often. Save this for special celebrations only!