How to give yourself a financial haircut in a bad turn of economy | 3News.com

One option you may be considering is getting a financial haircut.

In this case, you may decide to get a financial haircut by downsizing your current living situation in order to free up some extra cash to put towards your down payment.

In this case, you may decide to get a financial haircut by selling some of your possessions or taking on a side hustle in order to make some extra money to put towards your debt payoff goal.

As you can see, there are all sorts of different situations where getting a financial haircut might make sense

First and foremost, ask yourself if the extra cash you’re hoping to free up by getting a financial haircut is worth sacrificing whatever it is you’ll be giving up in order to get it

In this case, the temporary benefit of getting a financial haircut wasn’t worth the long-term sacrifices that came along with it.

If getting a financial haircut means sacrificing your health or wellbeing in order to save money, then it’s probably not worth it in the long run