Paying off $130,912 in debt was not easy or fun all of the time. ... We did the things above to stay motivated over the almost 3 years it took to be completely debt free. ... 👉🏽If you're on a debt free journey, please share other ways you keep yourself motivated💙 ... ➡️Check out our website for helpful resources and posts about our experiences.
Here's a quick snapshot of what we're expecting to see in 2019. Our household income is going WAY up with the addition of Dannie's new job and the various raises I'll get within the next few months. . Thankfully, we've been living off of my income for so long that we shouldn't have any problems saving ALL of hers! Our savings rate will be a little more than 50%, so we should be able to hit a lot of our savings goals this year. . Check out our blog post with detailed explanations of our various goals by hitting the link in our bio!
I can understand why people are really interested in exactly how we spend our money or why we budget for certain things, but at the end of the day you have to think about YOUR goals and how they fit within your income. ... Sit down and figure out what is actually important to you and start building your financial plans from there. You don't have to budget a certain way just because other people do. ... Your budget should reflect whatever YOU want it to.
💼Whether you're negotiating a starting salary or asking for a promotion, knowing your worth on the job market can make ALL the difference in what you get paid each year. ___ I know it's hard to ask for more $, especially when it took so much to even get the job - BUT you have to! ___ How to accurately assess your market value: 1) Match your job responsibilities and not just your job title. 2) Assess employer factors like location, company size and industry. 3) Evaluate your relevant skills, education, professional experience and past performance. __ ➡️Use sites like Salary.com, Glassdoor, LinkedIn and Payscale to get started. If you can, discuss with friends and coworkers as well 💙💰
Be proactive, not reactive 💙 ___ I love this because before I left my last job, we had paid off the majority of our debt (and all of mine). We had bought our first home, funded our emergency fund in excess and were already living on just DJ's income. ___ So when you read my blog posts about me leaving my previous job, don't skip over the fact that we prepared for it MONTHS in advance. ___ I really think I was able to take my time to learn new skills and search for a role that fits me because we had that safety net in place to take the extra pressure off of our shoulders. ___ Whatever you do, just be smart BEFORE you make big changes in your life. There is almost always something you can do to prepare yourself ahead of time so that you're not stressing out about a decision you've made. ___ This goes for having kids, staying home FT, taking on extra responsibilities, pursuing entrepreneurship, etc 💙 ___ ➡️Our Site: PenniesToWealth.com
🚨 We're not shy in saying that we don't believe there is a "specific" emergency fund amount that works 100% of the time for everyone. . Here's a quick breakdown of a blog post we previously wrote (linked in bio) that helps you figure out how much money should be in YOUR emergency fund. . This isn't a rigid guide either, just a starting point to make you really think about things in a way you might not have before! - DJ
The government shutdown proves this point. More than 800,000 people are currently out of work or working without pay. . Delayed pay can happen in any job and emergencies can and will happen. . Be prepared and stop basing your financial planning on one-size-fits-all advice. . 🚨 DISCLAIMER: This ISN'T to beat up on anyone that was affected by the shutdown. This is simply to show that you NEED to prepare ahead of time. - DJ . Update: Blog post with OUR thoughts on how much should be in your EF is linked in our bio!
The contribution limits for retirement accounts increased for 2019, so here ya go 😉. ... ➡️Go on IRS.gov for more information regarding income limits, deadlines, etc. ... You can contribute to an IRA for 2019 until 4/15/20 (the tax filing deadline). However, the earlier you contribute the more time your money will have to potentially grow 💙 ... If you are self-employed, the contribution limits are higher. ... P.S. it's still good to know even if you aren't contributing yet or maxing it out. Every penny counts 💰. Save the pic for later 🤗
To our reason for changing our lives. We love you Mama 💙 ... We've never shown this commercial before but it's such a blessing that we were able to do this with her. ... Yesterday would have been her 57th birthday. Not a day goes by where we don't think about and miss her. ... After everything we've been through, we know she's smiling down at us. ... About how our journey started: www.penniestowealth.com/financial-journey/
It's almost time to welcome in the New Year so we decided to do something really special. We just posted THREE NEW BLOG POSTS for you guys! (All links are in our bio) . We're sharing our spending for the entire 2018 year, our income increases for 2019 and we're showing you what we plan on doing with all of that extra money!!! 💰 . Thank you all for sharing our journey with us and for being such an awesome part of our #PTWfam ! . We hope you have a Happy New Year! 🥂 🎉
If you don't PLAN where your money goes, it will just continue to disappear😫💸. We felt absolutely LOST before we started putting all of our numbers into a spreadsheet each month. . You'd be surprised at how powerful you start to feel when you can see everything in ONE place. 💻💪🏽 . Our "Monthly" & "By Paycheck" budgeting spreadsheets will help you take control of your finances in the new year. They are detailed where they need to be but still super easy to use and understand. . We want EVERYONE to step into 2019 knowing that they are about to absolutely CRUSH their money goals so we made these spreadsheets just for YOU! 🙌🏽 . ➡ Use the link in our bio to grab yours today!!!
Y'all love these so here are the savings breakdowns for the New Year! 💙 ... You can ALSO use this to gauge how much you need to make each month to reach a certain income per year. Or you can use it for debt payoff projections 💪🏽💸 ... Save this chart so you can easily come back to it. 2019 is going to be your best money year yet! 🙌🏽
No caption needed.
We're back from our mountain getaway and are happy to share that 2018 wasn't a disaster with all of the changes that occurred 🙌🏽💙 ... We started our financial journey January 2016 and had been living paycheck to paycheck on 1 income while in an unknown amount of debt for 4 YEARS!🤦🏽♀️ ... We had an extra ➡️$128⬅️ to throw to debt or savings at the end of the month and decided to make drastic changes to increase that amount. ... We moved into an RV and I surprisingly got a job 2 hours away (after being sick and chronically unemployed). We did everything our OWN way and thankfully this will be our last year in non-mortgage debt. ... God has kept us through all of the trials we've faced and I'm excited to see what 2019 does for us and all of you. ... Keep the faith fam!
Merry Christmas! ☃️🎄
Hope you all have a wonderful holiday season!!! . We're taking a week-long break to enjoy some time away with each other. . See you when we get back! 🎄🤗💙 Have a Merry Christmas and Happy New Year!
Thank you so much to EVERYONE that entered our @Flexjobs giveaway! So many of you entered, with such great reasons, that we decided to give away 8 subscriptions instead of 5!!! . 🎉 Congratulations to @Staceyraecelarie @_Peacelovelight_ @Owlhawk340 @Rosaura_h @Ceesonabudget @Sue2boo @Hardknockswife and @Anaisiee! . We hope this one month subscription helps you find a role that's a perfect fit for you!