Ok guys, as promised, I’m doing a 2k follower giveaway. I am so thankful for this #debtfreecommunity You all offer me so much support and encouragement. I love doing giveaways, to give back. One lucky follower will win a $25 gift card to Aldi. I know a lot of us struggle with our grocery budget, so hopefully this will help someone. If you don’t have an Aldi in your town, you can still enter, I’ll get you a gift card for the grocery store you shop at, if you win. To enter: make sure you follow me and leave a comment below, telling me your favorite item from Aldi. If you don’t have an Aldi, comment the grocery store you shop at. The giveaway will end Sunday July 21st at 9:00 pm eastern and I will announce the winner Monday. #debtfreejourney#daveramseybabysteps#daveramsey#frugalliving#debtisdumb#debtfreegoals
This is one of the reasons why we decided to go on our debt free journey.. We both want to travel to Japan 🇯🇵!!! It’s one our long time dreams and part of our bucket list lol knowing that we can actually save up and pay off everything in cash one day keeps us motivated! This is what gives us strength to not give up! 👊🏼💥 being debt free and getting to travel?! ✈️ Yassss pleasee! 🙌🏼 #debtfreegoals#debtfreelife#debtfreejourney#debtfreecommunity#debtfreeliving#japantravel
🌈So with every storm brings rainbows.🌈
This morning I delved into a bit of the current storm I am facing with you but see, I always try to spin things in a positive direction.....and in amongst all I also have a PRAISE report. 💕
You see despite all of the circumstances I faced, one thing always stays lit within me, and that's my desire to SUCCEED. I want to WIN at life and show others that they can OVERCOME. 😘
So then we delve into a Taboo topic➡️ MONEY. .
You see Dave Ramseys Total Money Makeover was introduced to me in 2007 when my health issues were on the rise and I had to short sale my home in Virginia. I needed to find a way to tackle my debt. And so I began my journey. Reading, taking the Financial Peace Course and more.
And as life has worked out I have bounced back and forth on this journey but I remained consistent towards my plan to achieve being "DEBT FREE."
To date I have faced 💳 $45,000 medical debt 💳 $8,000 additional debt this past year medically due to high deductibles and my cancer scare.
💳 $11,000 of credit card debt when Tim lost his job in 2015.
And my praise report.....😘
You see these 15 bills! They are from 2018 alone! And......
🔥 My medical debt is paid off
🔥 My credit card debt is paid off
🔥 My goal to being debt free is drawing near
I have one final school loan that is millimeters away from being paid off. And one last medical bill. 2019 is my plan to being debt free outside of my mortgage. .
Then onto step #3 and on my way to SUCCESS!
Why do I tell you this?! Dave Ramsey baby!!!
He will save your life! .
And remember to LIVE like NOONE else you need to LIVE like NOONE ELSE! 💸💕
Well, July went a little differently than planned😅
🔸I only put minimums to my loans this month😭
🔸I won’t beat myself up about it, things happen! But I will not let this become a pattern. Next month will proceed as normal. Can’t let one bump in the road ruin everything else I’ve done!
🔸I can still make my 20k to debt goal if I stay focused, and that’s all the motivation I need to keep going.
Since we use #YNAB we don’t have a ton of cash on hand. It’s more of a virtual envelope system that seems to work best for us. But today required a trip by the ATM. I was good and only got out what I had budgeted for—which was for Anne’s spending money for camp.
This week has been successful for staying on budget, but I’m not gonna lie...it’s been hard at times not to eat out or plan an activity that costs money. But I am enjoying time at home and have found that when you’re trying not to spend money, it allows for a lot more time at home to get things done. So that’s a win!
We are looking forward to working in the yard and having dinner with friends (at home) this weekend.
Since Michael recently started a new job this month, we are very excited to see how our budget will look come August!
The truth hurts. When you cant afford to fix a problem in it's infancy it turns into a much worse one later down the road. This is why it can be extremely difficult to escape the cycle of poverty and why its important to take action on your finances
• • • • •
Facts 💯 #WSHH
Most people don’t intend to fall into debt. It is often an unforeseen disaster, a loss of income or a another bill that tips them over the edge. Once you’re behind with one debt, the rest just seem to pile up too.
The sad fact about debt is that once you are down, it seems even harder to get yourself back on your feet. The outstanding payment grows at a frightening rate with interest and court fees. And then the threat of bailiffs hangs over you, and you fear you will lose even what you have.
That’s why Aunt Meg is here. Knowing your rights and getting professional help early on can make all the difference, especially if you’re a single parent struggling to keep your family life together.
Getting help before the Bailiffs threaten. Read full article here - https://buff.ly/2JEjsxi
I am hoping to pay off all my debt a year ahead of the calculated date... With side hustle, retraining, frugality and determination, I WILL DO IT! I want a good life for the kids, for us, to cut down working hours, to buy that bottle of Gin if I fancy it.. to book a holiday for us if we want too.. all those things we can’t do now.. But also, to not have to check my bank account to make sure I can afford to buy the milk and paper every week... #ukdebtfreecommunity#debtfreegoals#newlife
Happy Friday friends!! Today another SL FINALLY bites the dust! I have been struggling to stay the course. But today was a reminder that hard work really does pay off. It’s the small CONSISTENT decisions to put my financial future first that got me to the point to paying off another SL. I need to remember these moments when my FOMO sets in. This journey is just a chapter in my life and I will be better because of it. So what’s something you have accomplished recently? How do you stay the course when this get boring or tough? #debtfreecommunity#singledebtfreejourney#ballinonabudget#budgetsforlife#fincialfreedom#bosslady#debtfreegoals
Why does this make me cringe to share?
When deep down I want to shout it from the freakin’ rooftops to inspire someone else out there!
Payday used to always give me a sigh of relief....for a split second. Then the stress would creep back in. I got a Bachelors degree, landed a corporate job right out of college and still for the first 5 years I lived paycheck to paycheck.
I debated about sharing this.... But my teams payday is every single week, and my friends recently have made between $14 and $2,500 every WEEK.
A few of which have made an extra $800 $3,500 and $15K on top of that!
For a new coach this side hustle could mean a sigh of relief because it pays for their cell phone bill that month. Or for a more experienced coach that could be their entire mortgage in a WEEK. It’s so crazy to think what this has done for all of us and our families.
Most of my team have full-time jobs (nurses, teachers, financial directors, marketing specialists, etc), have families (dog moms or moms of 1 or 6 kids!), and they tons of other commitments. But they are working in what we call “little pockets” of time throughout the day because it brings them joy, it gives them purpose and they are paying it forward with something they completely transformed their lives.
HOW are they doing it?
By sharing their health & fitness journey, empowering others, fearlessly putting themselves out there, being unapologetic about building a team of ladies that have in return become some of their best friends.
For me it started as a fun little hobby that was making an extra couple hundred a month, to working part time a couple thousand dollars a month to now doing it full-time.
This is not to say look at me, or look at US. This is to say...if we can do it, YOU totally can do it! Just must be willing to learn, bust your butt and put yourself out there. Do you think this could be for you? Feel free to send in an application in bio & let’s chat 💙
I’m thinking ahead because I want to hold my self accountable for every cent I get. Again thanks to @thebudgetmom for explaining things in detail of her reality that my reality has finally sunk in. Now these are projected numbers and you will see that it looks sloppy because I’m using an erasable pen so that I can change things if needed. I’m sure I’m forgetting things on here, and it will take time getting use to it. I can definitely say this will not be the outcome of having $$ as extra/save because as of right now I sit at a negative balance in my checking account. The thought of it is making me sick on how I’m giving my hard earned money away from my callous decisions. I do have a side hustle and I’m praying that I can make some of it up and of course get extra, which means more work and that’s ok, I know hard work pays off. Here’s to a fresh start 🙌🏽 snowballing will begin and can’t wait to see the results #debtfreecommunity#debtfreejourney#debtfreegoals#debtsnowball#debtmanagement#debtfreelife#debt#debtsucks
5 years between these two pictures.
I feel like I am almost completely unrecognisable.
5 years ago I was in £18,000 of debt.
Credit cards, loans, catalogue accounts, over drafts and so much more.
5 years ago I was engaged to someone I thought was 'it'. (3rd time lucky and all that...)
5 years ago I was working in the security industry with not an end in sight. Fed up of long hours, early mornings and late nights.
And then 5 years ago... Everything changed.
You see, 5 years ago I was introduced to the magical world of running your own business, being an entrepreneur.
It sparked a fire in me that I knew I was capable, and that i WANTED so much more out of life.
But, it put me more in to debt.
I got a business loan for £2,500 for products and other business items.
So now my debt racked up to over £20,000!!
I spammed people HARD. .
And guess what, I didn't get anywhere.
I was oblivious to everything.
I was becoming more self confident and self assured that I knew what I wanted in my future. But my then-fiance wasn't happy about that.
He actually said 'I don't like the person you've become'.
We split up, I moved away and after that I didn't have much to do with the business I had started.
Instead, I tried something else. And then something else. And then something else.
What I'm trying to get at here, is that no matter where you start, you must START to become successful.
5 years... It's a long time that passes so quick, and a lot can change. But the time will pass either way. .
Are you going to put your time to good use?
Right now, I have one debt left on my credit file, for £100, and it will be gone soon.
I have huge savings for the first time in my life.
I have had a hard education where money is concerned, and my wasteful days are almost all behind me.
If you want to start something special and make a change, get in touch.
Now is the best time.
Who knows where it could lead you to be in 5 years time.
💳 Things you can start doing TODAY to aggressively improve your credit ✔️ focus on these:
1. Credit Card Utilization
2. Payment History
3. Derogatory Marks
4. Age of Credit History
5. Total Accounts
6. Credit Inquiries
1. Credit Card Utilization
Explained in the video - the lower the Utilization the better. Everything under 30% is GOOD and you want to be in this range. Spend less or increase your credit limit, those are your options here
2. Payment History
They want to see good payment history – things to avoid would be missing a payment, late payment or only paying the minimum. Don’t miss a payment
Optimize and set up automatic debits for your credit cards so they are paid in full every time automatically. Or make payments throughout the month, this will help guarantee you can make the payment by the time it’s due. Treat your credit card like a #debit card
3. Derogatory Marks
These include dings on your record like missed payments, carrying a balance on your credit cards, sent to debt collections, bankruptcy, ohhhh no... DM me
1 & 2 above will help avoid these ✔️
4. Age of Credit History
The longer you have active credit accounts, the better. They take the average number of years for all your accounts into it
Since you can’t speed up time, don’t apply for a new credit card right before you know your credit needs to be checked. Do it after
5. Total Accounts
A lot of people think the more accounts you have is bad, that’s not necessarily true, as long as, they’re all in good standing order. Credit companies like to see you can handle a few #creditcards
Having more credit available doesn't equal spending more #money . If spending is an issue, check my other post on the Wealth Machine (you need one)
6. Credit Inquiries
Its best to avoid constantly having your credit checked. It makes it look like you’re in dire need to borrowing money and sets off a bit of a flag when they calculate your credit score. You are generally permitted 1 free check a year before they start getting counted.
YOU'RE ALL SET! 💳
So when I started to look at my outgoings and where my money was going I got out all my food receipts for that week and my food spend was £95.99! I was in shock. I am buying food just for myself. I have a modest diet (partly because I am on a diet!) I take my own pack-lunch to work, I eat salad every days with some fruit and yoghurt, veg for dinner so my food shop was mostly fresh produce with zero wastage. My point is I’m not out buying expensive foods, lavish branded products and steaks every week! But still with no wastage this completely shocked me. Something had to change. So three weeks ago I switched to @aldiuk and have been able to get my food spend dramatically down. I still have to pop to another supermarket to pick up a few items that I cannot get at Aldi but this is very minimal. I have now given my self a starting budget of £40 a week / £160 a month with a slight £20 increase for 5 week months. So far this month my spend is coming in at £119.99 leaving me with a remaining £40.01 for the rest of the month which I think will be completely do able... I’ll let you know the final figures at the end of the month #debtfreefrankie#cashenvelopes#financialfreedom#frugalmeals#frugalfood#groceryshopping#grocerybudget#aldi
I’ve had no access to money since last Sunday (due to a bank cock up I’ll get into later). All I’ve had for these whole 6 days were the £2.80 left in my Monzo account and a £5 note I had left in my purse! 😱 However annoying it has been, it’s really hit a massive point home for me, money-wise: if I can SEE it, I SPEND it.
I tend to leave a little cushion in my current account (and I literally mean maybe £15, £20 at a time, not any sort of real savings) in the event a direct debt comes out on a weird day for some reason or anything of that nature. But just KNOWING that money is there makes it SO easy for me to justify buying little bits here and there. And that’s exactly the mindset that got me into this mess in the first place. 🤔
I think now I’ve proven to myself I can actually exist and in fact SURVIVE without those little random purchases, it’ll make this journey a lot easier. Every cloud really does have a silver lining. ☁️😉
Happy Friday lovelies! My husbands tax return landed in our bank this morning to the tune of $2000. It only lasted a couple of seconds though, because you guessed it, the whole amount was transferred to our CUA CC. 🎉 Not sure if my return will be finalised prior to the end of July when I do our totals for the month, but regardless I think it will be a good month figure wise for us! How are you all tracking? 😘
I started thinking about living a life with less "stuff" back in May. I woke up one morning and decided that I needed to have a garage sale. Look at that mess! It took me three weeks to prepare. I worked my ass off. I told myself nothing was coming back into my house. For the most part I kept that end of the deal. It ended up being quite a success. I made 600 dollars! I was so proud of myself.
Fast forward to today ⏭ I have no idea where that 600 dollars went. Just poof and gone.
I’m turning into a crazy woman getting rid of “stuff”! This is just today’s haul. 🤷🏻♀️ Over the last two weeks my grand total, and I’m not near done, is: 🤦🏻♀️10 bags of clothes/blankets/who knows what else for goodwill (for 3 of us)
🤦🏻♀️1 large outdoor garbage bin of trash.
I’m not the absolute cleanest person, but I’m not super messy either. The problem is I have too much stuff!!!!! 😳 All my stuff was making me feel a false sense of security in a very odd way. If I had all this stuff I was safe, I was “cozy”, I had something to show for the debt I’m in, even though I’m now single, look at all the stuff I have.
When we sold our house in October and got divorced, I moved pretty fast and took everything with me. Now I’m just purging “all the stuff.” And holy 💩 does it feel absolutely fantastic!!! I’m not a minimalist, but DEFINITELY leaning towards that side of the spectrum. Thank you @thelaminimalist for being a part of this push for me!!!💖
If you are not hip to freezer paper, get hip to freezer paper! I did a terrible job #budgeting this last pay for period. I was in pain from my new mattress I bought last fall (another day, another time), so I bought a mattress topper which has helped tremendously. I couldn’t take it anymore. That and going out to eat put me way over. So, next pay period which is tomorrow I’m back on plan. Anyway, back to freezer paper. When meat is on sale? Buy it in bulk! Get yourself a $3 roll of freezer paper, tape, a Sharpie and some freezer bags! @karenrey is my former college professor who introduced me to this budget hack and I’ve freezes raw meat with zero issue since. She actually doesn’t know that I’ve been doing this! But, it’s a great way for single people like me (woohoo!) to buy meat cheaply without worrying about waste. Sometimes, it can also be cheaper to buy one piece of meat at the meat counter and have it wrapped but if you spend ten minutes doing this you can save a ton of money. I used to make a lot of freezer meals, but with my #lowfodmap and #glutenfree diet, it’s harder to do. But I watch for store brand freezer bags to go on sale and stock up. As a word of caution 🛑 sometimes generic freezer bags can be low quality and cause freezer burn. Do your research OR coupon name brand. #debtfreeinohio#debtfreecommunity#debtfreejourney#debtfree#debtsnowball#debtmanagement#debtfreegoals#money#personalfinance#debtfreedom#debtfree#moneymoneymoney#daveramsey#budgeting#budget#food#homeeconomics#eatathome#finance#financialfreedom#debtslave#studentloans
I'm excited to be under that $200k mark! We bought at $320k three years ago. It wasn't until I found myself in the #debtfreecommunity last year that I ever would have considered paying the house off earlier than our planned 25yrs! But we will save thousands & thousands of dollars doing so 💰 ...& I actually think it's fun paying the mortgage and planning it's end ...did you know mortgage means death contract?
We’ve been thinking about what our Baby Step 3 Budget would look like for a loooooong time - like ever since we started Baby Step 2. The plan is to go to Europe when we pay off our last debt in August, and start this budget on September 1st. We are still planning to be as gazelle intense as possible, but after two years of saying “no” to many things (like personal money), we’re going to start saying yes to a few.
I’ve noticed over two years of watching that Baby Step 3 can sometimes be harder than Baby Step 2. I think that’s going to be the case for us too. So we’re trying to have a plan in place so that we can (hopefully 🤞🏻) transition smoothly and keep moving full-steam ahead. We hope to save $50k plus cash flow a few trips (about $4k) and large home projects (about $9k) in the next 11 months.
I know we talk a lot about our “dream budgets” (aka “Baby Step 7 budgets” in the #debtfreecommunity ) but what reasonable things are you looking forward to adding to your budget when you don’t have debt?!
-I am a 27 yo mum of two young boys
-I live in a small country town in North-West Tasmania
-I am a bit of an introvert and find it hard to put myself out there to make new friends
-I would prefer to deal with a snake than deal with a spider -I hate mess and like everything in its place all the time...this doesn't work with a young family though
-I have been with my fiance for 7 years and there is a 10 year age gap
-I don't beat around the push, I like to tell it how it is
- I am very short tempered but get over things quickly too as I don't like to argue with anyone or feel angry
-We lived in a bus in far north qld for 12 months before falling pregnant with my first son
- I had always had big hopes for myself career wise and it's time to figure out which path I want to go down
I have just realised I am a very boring person
With so much easy credit, it’s not surprising that more people than ever are in debt and stuffing from financial stress. Unfortunately, many people do not even know it!
It only takes an unexpected job loss, a rise in interest repayments or a relationship breakup to tip you into a downward spiral of debt where you cannot even meet the minimum repayments.
So how do you stay afloat in these tough times?
Read full article here - https://buff.ly/2L3A4Eb