With the beginning of the New Year, comes the standard desire for change. At least for the majority of us. Well, we happen to be no different in that we know that we can do better. Therefore, when we had our end of the year budget meeting to go over all of the numbers, we decided to make a big change with our budget.
They say that necessity is the mother of invention. There’s lots of truth in that quote. For us, the necessity to keep trimming our spending as we work our way out of debt has helped us to “invent” more and more ways to spend less and less of our money on things we need to buy. As we work on our financial goals we work on increasing our income, but we also continue to work to cut expenses. For instance, in order to reach our 2014 grocery expenditure goal we spent only $215 on groceries in December 2014. For a family of six, that took a lot of work, but it showed us that we can spend less if we need to.
We haven’t been that extreme in a long time, but we do continue to look for ways to cut down on home expenses and save money. I would say that our savings as we work on cutting expenses are now easily in the four digits compared to our expenses when we started our journey in 2013. So I thought I’d share some of our frugal home hacks today and how much money we’ve saved per month by continuing to look for ways to cut expenses. Read more
So, I’m confessing off the bat that I’ve ripped off this post idea from Rockstar Finance. The short, but thought-provoking post needed an expansion – at least in my mind.
The fact of the matter is that too many people don’t have as much of a clue about their money as they should. They have no idea how much debt they have, when they’ll be able to retire or what they’d do if the financial SHTF in their house.
This post today is designed to help you answer those questions. Read more
Do you want out of debt bad enough to deal with the roadblocks, the emotional stresses and the lifestyle changes?
Is having financial freedom important enough to you to give up current habits and lifestyles?
Only you can answer that question. Only you can decide if it’s worth the work to create a more secure financial future for yourself. But before you answer, let me ask you some questions. I want to find out if you’ve ever dared to think ahead to a future full of debt and money worries. I’m asking these questions because asking ourselves these questions is what gave us the motivation to begin our own dumping debt journey. So, here goes: Read more
Today’s post is a guest post from fellow blogger Joseph Chiweshe, a physician and blogger who shares about the connections between health and personal finance.
The connection of our health and finances is undeniable. They provide the basis for the freedom and ability to do the things we love in our day to day lives, and if either is out of balance it seems like that’s all your mind is preoccupied with.
There are three mindsets in which, if you are intentional in both your money and your health, will help assure that both your health and your money are running smoothly. Today I’ll talk about those three mindsets and how you can utilize them to be physically and financially fit. Read more
If you are one of the millions of young adults in this country and you’ve been considering investing, congratulations! You’re already ahead of the majority of the other millennials out there. But don’t pat yourself on the back just yet. You still need to do the work to get the ball rolling. But what’s the best way to get started? It may seem difficult, but it doesn’t have to be. Here are some tips that can help you get started investing right away. Read more
You’ll NEVER be debt free. EVER!
Does that thought scare you? Good. I want you to experience some serious fear when you read that line.
Why, because fear can be an astronomical motivator.
Back in December, I wrote a post giving 7 Reasons Why You Can’t Get Out of Debt. I feel like I need to expand on that some more and share some additional reasons why some people will never, ever get out of debt.
I hear so many people saying that they simply can’t get out of debt.
I get it. Getting out of debt is hard. It takes work beyond what you can imagine for most people.
The reason for that is because many people with debt truly do have more debt than they can handle. Read more
Hey, frugal friends! As I wrote on Fruclassity on Monday, I’ve got a serious itch to dump the remainder of our consumer debt this year and to lower our mortgage as well. Not sure what’s prompting it, but the urge has been going strong for three straight weeks now. The conspiracy theorist in me tells me it’s because America is headed for a nasty financial meltdown, but I’ll spare you from that rant for now. 🙂
Meltdown or no meltdown, it’s always good to get out of debt and to take advantage of those times when your motivation is strongest. So, in that vein, here are some rock solid tips for dumping debt if you’re really serious about becoming debt free. Read more
If you’re just starting a journey to debt free, or if you’re slowly moving along and are needing an extra push, this post is for you. Sometimes as you work toward your financial goals we need to jump start your debt payoff. The benefits of giving your goal a jump start are many. It will help you:
- make a serious dent in your debt
- force you to make a big sacrifice in order to get used to doing so
- motivate you to keep moving toward the finish line
Jump Start Your Debt Payoff
Long-term goals are difficult to keep up with. It’s easier to lose 5 pounds than it is to lose 50, and it’s easier to pay off $1,000 in debt than it is to pay off $10,000, simply because of the time factor. The more time that goes by as you work on your goal, the easier it is to live with the progress you’ve got left to achieve. As I wrote in this earlier post, the enemy of “best” is “good”. Read more