“Spent the morning coloring this in and I’m feeling so inspired. I cannot wait to see the track completely filled. Tim loves this chart because it looks like a mani race track! I can’t wait ‘til we get to the finish line!” - @becauseofdave
This post made me happy. I just am tickled that this chart is hitting the spot for so many of you.
If you don’t have it yet, you can get this chart FREE at the link in my profile.
When paying off debt, I think a big thought comes to mind - to buy a home or to rent? Most people following the baby steps choose not to purchase a home while paying off their debt because it’s just adding more on! However, when a mortgage and rent are around the same price it seems logical to buy a house that way your money is going towards an investment rather than a landlord! .
On the downside, as a homeowner, you have a lot more responsibilities such as: fixing lightbulbs, plumbing issues, electrical issues, etc. Because there’s more responsibility with owning a home, the easier choice seems to be to rent. .
Do you own a home while you’re paying off debt? Or are you renting until your debt is paid off?
Payday tomorrow and heres how I will be allocating it. I have been slack lately building up my house savings account by only allocating it $500/ fortnight but when possible I will up it to $1000. Recently though my house savings hit $50,000 so that is a huge achievement that I am super proud of!
My bills account is strong at the moment with $4,000 however my rego and insurance is due in a month aswell as it being my sisters birthday and nephews christening coming up which will drain it a bit.
My holiday account is also good at the moment but I am hopefully today going to be booking a last minute trip to bali for the start of april so just adding what I normally contribute to my holiday account as this trip will be quite cheap.
My biggest focus will be cutting down my disrectionary and spending money. The $457 I allocated covers necessary expenses such as groceries and petrol but also any fun money including eating out and personal wants. I want to travel a lot more this year so my holiday and house funds are my main focus.
Send me a DM or commenr with any questions, always happy to chat :) #budget#savingmoney#peersonalfinance#personalmoney#debtfree#debtfreecommunity#payday#money#expenses
Everyone. Every where. Should be required to read this book. This is the nonfiction business book bible. It is the starter to all of our sourdough. I can’t even BEGIN with how seminal and influential this book is. And remarkably pro-woman for something written that long ago. 🙌🙌🙌 All day 🙌🙌🙌 Can’t wait to reread and reread again. .
$37,000 in debt gone in 2 1/2 years! Time to celebrate! 💃🤸♀️🎊 We have worked so hard in the past 3 years to get this far. We still have a little ways to go until we are totally debt free but we are pushing hard for it.
Changing our lifestyle was the first thing that had to be done. We started meal planning first. After that we made a rule of absolutely NO impulse buying ever! No more trying to have the best or most expensive. We decided to be CONTENT with what we had. (Only to turn around and sell most of it to move into a camper. ) --->>🤪 crazy right?....wrong!
From there we jumped in and started paying off our largest interest rate loan, followed by a vehicle and on to the biggest debt we had which was a major credit card. We are down to two payments hovering over our heads and we hope to have those gone within the next year. The feeling when hard work and dedication payoff 😆 is so rewarding.
Just remember The Jones's are Broke! So stop keeping up with society and live a life worth living.