At the beginning of the year as we considered our goals for where we’d like to be by December, our number one priority was for us to get out of credit card debt. I imagined that it would probably take us the whole year based on the momentum we slowly built in the last half of 2018.
I can’t say how thankful we are that we encountered a Financial Peace University class leading up to our marriage because we had no idea how it would prepare us for our season of unemployment and finding a different job situation last summer. Since my husband started at his current job last August, we purposed to get serious about budgeting, attacking the debts we both brought in to our marriage, and ultimately develop a more healthy mindset when it comes to our money relationship.
I share all of this again because without other friends in the past who have posted about their debt free journey and success, and ESPECIALLY this community, I’m not sure I would’ve recognized how neglectful my attitude was toward my checking account. I was hindering myself from experiencing peace and freedom when it comes to finances. If our experience can encourage someone else, we’re happy to make ourselves vulnerable in our weaknesses and share the lessons we’ve learned so others don’t have to figure it out the way that we did.
We still have more debt to tackle along with more exciting steps on our horizon, and we are so relieved to be moving forward with this burden lifted! To God be the glory!
Last week I ran over a screw and had to get one of our tyres fixed. When we were there they told us that our front two tyres definitely needed replacing but to replace all of them if we could because the back two weren't too far behind. We bit the bullet and just booked them all in to be replaced for safety reasons. We knew that it was time to replace them but kept putting it off because we couldn't afford it. But having a safe car is more important than anything so our EF is back down to $0 (it was only at $600) and had to use the money we paid off the credit card this month 😭 Yet another reason why Emergency Funds are so important 🆘
Good morning, hopefully everyone is staying warm? Or cool if you are not in Australia 😂.
It is sooo cold here in the mornings in Adelaide at the moment. It was -1 yesterday morning at 6.30 am when I was at work ❄️❄️. Far too cold for me.
As we are on a fairly tight budget, there isn’t a lot of room for coffee/hot chocolates out at cafes, so I try and make them look more exciting from home 😂.
So Last week I popped into @thesourceglenelg and picked up some hot chocolate mix (amongst other things) for the family, I just added frothy warm milk, a shake of chocolate to the froth on top and wullah - just like a cafe - and my son loved it! So much so that he said not to bother with the milo.
Does anything really beat a hot chocolate in a Harry Potter mug? 😂.
I also loved that I can take my jars and fill them from their bulk containers.
I only buy what I need, I don’t bring home any packaging, it is preservative free and its delicious.
So if you have a source bulkfoods near you, pop in and maybe give this a try.
Have a wonderful day everyone and stay warm.
Are you struggling with your student loan payment? You can speak with your student loan provider to figure out different repayment options. Those programs can include a graduated repayment plan, income-based repayment, and even interest only. However, these repayment plans may help now, but they may increase the amount of interest you will ultimately pay in the end. Make sure to weigh your options carefully and, as always, be true to yourself with your monthly budget!
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1 day ago
I just need coffee to be around people...isn’t that normal?
For someone who preaches budgeting and personal finance, it may seem ironic that I include coffee in my “needs” budget.
Isn’t the latte factor why millennials can’t own homes? 🏡 ⠀⠀⠀⠀⠀⠀⠀⠀⠀
While I’ve definitely found more cost-effective options than going out to buy coffee every morning, it doesn’t mean that I don’t ever drink coffee out anymore.
✅ I still let myself indulge in a well-made coffee in one of those aesthetic af cafes like in the Instagram photos once in a while.
🤔 I used to think that I had to cut corners in every area of my budget to make it work.
❌ But living with that kind of scarcity is what can make you resent budgeting and give up.
🙅🏻♀️Budgeting isn't about all the things you CAN and CAN NOT have. It's about prioritizing what's important and what's not.
☕️ And having coffee before social events so I'm actually awake and listening to people instead of trying to remember what their name is?
Tag a friend that also runs on coffee + caffeine 👇 ☕️
1 day ago
1 day ago
A little motivation for you Monday. #MondayMotivation⠀
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1 day ago
I have officially been on this journey for a year and honestly, the hardest part for me was not budgeting at all. It was changing my mindset. For us, the money was there. We had a great income, but we needed to change the way we thought about money. In order to change my mindset, I had to develop new habits. You too can develop a positive mindset and create new habits starting today:
- If you are jealous of someone's success, use that as inspiration to work harder.
- If you are bored, read a book or go for a walk.
- If you have the urge to shop, try on an item in your closet you have not worn in while or consider doing a clothes swap with your friends.
- If you are tired of eating the same things, try a new recipe from Pinterest.
- If you do not have time to cook nightly, meal prep on Sundays.
- If you begin to feel resentful, start a gratitude journal.
- If you are having trouble reaching your goals, find an accountability partner.
What are some ways you’ve changed your mindset in order to reach financial freedom?
This holds true with most things in life. School, sports, fitness, business, you name it, it is all about your mindset ~
I’ve noticed this mindset and thought process having a positive effect on several areas of my life recently. It’s as simple as when I am getting tired near the end of my workout. I can think of times when my mind says, you can not push out another rep, and I fail. Other times, I tell myself that I am strong, I have it in me and I am able to bust out another one, two, three more reps ~
This reminded me of a time when I was in college. I did not necessarily want to be there, so to speak. I was there because it was what you did to bridge the gap between high school and getting a job. I had little to no interest in the gen ed classes they made you take. Having no interest, my grades suffered. I was able to carry a strong C average, good enough to get by. I viewed myself as a C student. Average. Just enough to pass. Just enough to get a degree. I did what I had to do to get a C, nothing more ~
After about three to four semesters of this, something happened ~
At the beginning of my third year, I was beginning to take more classes that were related to my interests and my major. One of my professors said something that I will never forget. If you see yourself as a C student, you will get C’s, if you see yourself as a B student, you will get B’s, and if you see yourself as an A student, you will get A’s ~
What happened next is what sealed the deal for me. For a philosophy class, I had to write a paper. Up until now, most of my tests I had to take were of the multiple guess bubble sheet type. Unfortunately, even though the answer was there, I could never pick the right one. With writing, at least you could BS yourself to a passing grade ~
When the professor was handing out the graded papers, he was telling the class how disappointed he was with the overall performance and was explaining how he would allow rewrites to improve the grades. I began to get discouraged, figuring I would now have to rewrite my paper. After all, I only saw myself as an average student ~
Continued in comments