One day soon after we began our “getting out of debt” journey I decided, for motivational sake, to go back and track how much we spent on eating out in 2012. It was in December of 2012 that we had our financial wake-up call and realized we had to do something about our money situation. We’d cut down quite a bit on eating out over the last couple of years before that, so I was curious to see what we’d actually spent on restaurants, given we’d tried to make 2012 a little more budget friendly in that area. Read more
Paying off debt is hard. Really hard. Anyone who’s ever tried it, even those who’ve succeeded, would likely tell you that it would’ve been easier to stay in debt. In the battle for debt freedom you are battling old habits, old mindsets, and often you’re battling at least a few people who tell you that you shouldn’t do it or that you can’t do it. So what weapons can you use in order to overcome the battles that try and keep you in financial bondage? Read more
This blog post is part of the Pay Down My Debt (PDMD) blog tour, sponsored by US Equity Advantage. PDMD is a solution that accelerates debt payoff and helps consumers monitor their credit and make smarter purchasing decisions. If you’re looking to pay off debt find out how they can help.
Today would have been my grandpa’s 97th birthday. My grandpa was an awesome guy, and I loved him SO much. He worked hard, raised eight kids with ethical standards and treated my grandma and the rest of our family well. I have tons of respect for my grandpa. He and I were buds, for sure. I loved spending time with him. One of my fave grandpa memories was when we would take him out to eat at the local pancake house and he would order liver and onions. We’d always say, “Grandpa! You’re at the PANCAKE HOUSE! Blueberry, strawberry, chocolate chip – they’ll give you any kind of pancakes you want! Why are you ordering liver and onions, of all things?” But the meal brought back fond memories for him, growing up as one of twelve kids of a police officer and doting stay-at-home-mom during the Great Depression. Read more
When we first started our “getting out of debt” journey, we didn’t tell a soul anything about it, mostly because we knew that most people would tell us we couldn’t make it happen and we’d be better off filing bankruptcy. We were deep, deep in debt, facing a 65% debt-to-income ratio at the time and were a minimum of $1,000 short of income each month without Rick’s overtime pay, which was not guaranteed. Read more
Hey, frugal friends! Today’s post is from Mrs. Daisy, who blogs about debt, family and farm life over at Dirt Road Daisy. Enjoy!
When my husband and I stopped ignoring the fact that we were in six figures of debt and decided to do something about it, we jumped right in the express lane with no plan whatsoever. Our strategy worked for a few months as we haphazardly put extra money here and there on different debts with no real rhyme or reason. The balances slowly started to decrease, but then we hit a wall. Read more
Happy Wednesday, friends! Today’s guest post is from Josh, who blogs over at Money Buffalo. Enjoy!
Let’s face it, you are most likely part of the 80% of the American population that is currently making a monthly loan payment. Between student loans, a home mortgage, car loans, and the exercise machine you bought on sale in January, it can be nearly impossible to not borrow money at some point in your life. While going into debt is often viewed a normal facet of life, most people do not realize how debt can destroy your chances of financial freedom and living the life you truly desire. Read more
You want to know a secret to financial wellness? The truth is you probably already know what these secrets are, but you’re likely highly underestimating them. We did. For years. And knowing them but not doing them almost ruined us financially. Read more
I realize that this post might get me in hot water with some, but I recently read another article about the dire money situation of Americans and how it’s not their fault. Being an American who for many years took little responsibility for my own money situation (along with my husband) and being one who is digging out of a dire financial situation, I know whereof I speak. Read more
“One way to grapple with debt is to ask yourself ‘who benefits from my debt?'” This is the question Mrs. Groovy suggested people ask themselves as they work toward paying off debt, and I thought that the profound statement deserved an entire post, so here it is. Read more
Yes, you heard it right, my friends. Household debt is rising again, with total household debt reaching $12.58 trillion dollars at the end of 2016. Debt totals jumped by $460 billion this year alone, the highest jump in nearly ten years. Our previous “record” for household debt in America was $12.68 trillion. But for some reason, the experts don’t think this is too terribly bad. Read more