YES! 👏👏👏 And this is how you do it! We hear too many stories of celebrities and athletes going broke ☹️ It's awesome to hear someone not only doing the opposite, but helping to educate others to do the same! 💪 #debtfreecommunity#CrushThisDebt#millionairemindset
7,0391534 March, 2019
This is an updated budget to reflect our situation when our personal loan is paid. This budget would be effective from February 2020, so a long way away but I'm all for forward planning as I've found it incredibly helpful with managing our money.
The main reason for doing this is because we may have the opportunity to consolidate a large portion of our personal loan into our home loan from this June, which will allow us to pay the remaining balance off by the end of January 2020. It frees up $836.40 that we would normally pay towards the personal loan and gives us an extended buffer for when the construction of our home begins.
I'm really pleased with the surplus amount. During the construction we will still be living (rent-free) with my parents, so that will help us immensely and we are going to continue with our budget as it is, so we don't lose the surplus on living costs. The more we can put towards savings or towards our home loan, the better.
Also, for those interested this is the @erincondren deluxe monthly planner in the larger size format. 😊
5295712 March, 2019
Do you really want to continue paying off that car? I get asked a lot of questions about cars.
1️⃣ leases - don’t do it. Get out as fast as you can. Only a few situations make sense.
2️⃣ if you have over $10k you are trying to pay down, reconsider and trade in for a $1.5k and pay off debt faster so you can $$ elsewhere.
3️⃣ Don’t buy that expensive car yet even if you can pay for it for cash. Consider putting that money towards an investment account or real estate. Build your portfolio then start sinking fund for a car. 📷 @personalfinanceclub
1,43915112 March, 2019
❤️❤️ no spend pj weeeknds! Are you doing a no spend this weekend? 📷@fulcandles
1,5434017 March, 2019
Working on all of the above 🙌🏻💗
2,448287 March, 2019
Introduction post. Thank you 11.5k followers!! So excited to be part of your journey! For those who are new to my page, welcome! Shoot me a DM if you have any questions 😘😘
5,1051751 March, 2019
Y’all my whole world has been turned upside down. My son has been constantly sick and this is our third admission this month. He’s experiencing high fever with no symptoms. We are now getting admitted for a bone marrow biopsy. I’m not ready to put this on my personal page, but I’m sure needing some strength in numbers right now. If you are a praying person, PLEASE I beg you...pray for my 2 year old.
5,0922,91014 March, 2019
😂😂😂 what’s your favorite product at dollar tree? Helium birthday balloons 🎈🎈and party supplies 🎉🎉. To be honest I don’t find much at the dollar that I go out of my way for. On my debt free journey I have taken the road toward minimalism. I won’t buy it unless I need it (yes there are moments of weakness and I splurge). When I do buy something I look for the quality how long it will last. 📷@gobudgetgirl
1,718654 March, 2019
I’m 20 years behind 😩 seriously feeling like I’m just getting my 20’s set up but I’m actually almost 40. #betterlatethannever
🤗 I got a PRN RN position at a long term care facility in down town Fort Worth. For those not in health care, PRN or "pro re nata" loosely translates to "as needed". The units does 8 hour shifts and I can work any of the 3 shifts which makes it very flexible for me and giving me more opportunities to pick up shifts. Minimum, I'll work two shifts a month but I'm hoping to get at least 16 hours in each week here. If I can keep that up, I can make over $2,000 😮 I'm so excited to have picked up this job. My shovel is now bigger and I can get myself out of this debt hole faster! It's gonna be a good spring 🌸🌼
16137 minutes ago
Meal planning has saved us money guys! When we started this journey we knew that we were throwing away so much of our money on fast food.
I created this little template to help me meal plan for the week. I work on this on Saturdays before going to the grocery store. It helps me create my grocery list and then I put it up on the fridge so that I have easy access to it.
I’d be happy to send it to anyone who might feel like they benefit from it. Just DM me your e-mail address and it’s yours!
I had to add the vegetable part because one of my health goals for the year was to eat more fruits and veggies. 🍅 🌽 🥕
Asking yourself this question is probably one of the hardest things you'll ever do
You'll be tempted to answer it falsely because your family says you shouldn't want that...your friends say it's dumb to want this...on and on ad nauseam 🤭
But if you can power through the difficulty of searching yourself and determining what you really, truly, from the bottom of your heart WANT from this life, you'll finally be able to start your personal finance journey💸
We started our debt free journey in September last year, but we've really been debt payoff focused since around January this year. Here's a few things we did through September to December to help us manage debt and costs associated with our build and living expenses.
1. Made a list of any bills we had left to pay and got current on them
2. Made a list of one- off expenses that were coming up; for us this was the fees for the Architectural plans and some other reports we had to undertake on our land and allowed for these costs through our savings.
3. Created a loose budget and started getting used to budgeting again. A lack of budget was one of the contributing factors to our debt accrual
4. Kept track of our expenses and started to hone in on a final budget
5. Developed a goal to pay off our debts by.
6. Used our credit card less and less every month.
7. Stopped buying things on credit and only cash flowed items.
8. Thought ten times before buying something to make sure that we actually NEEDED it and that we could cash flow it.
As a result of those first few months where we were fine tuning everything, we were able to focus on rapidly paying off debt as soon as everything settled and our budget was in place. Our expenses are tracked constantly. There are funds available for every single item as we do #zerobasedbudgeting and we try not to go over our allocating amounts.
All our surplus is going towards debt at the moment which means around $4.5k every month. This week, our total debt pay off since September 2018 will reach over 26k. We will now have all debt excluding our personal loan paid off by May of this year, just before our home loan payments start in June! It's a huge relief to me knowing that we will still be able to save money with a mortgage, something we were struggling to do this time last year.
My husband and I went toxin free about two years ago. Toxin free items are generally pricey. I stumbled upon Young Living and are loving their products. Everything is concentrated so it lasts longer. 😍
Around $16 for a 12 oz bottle (with tax and a portion of my shipping). I split one bottle into four (3 oz each), add 1 tsp of Baking Soda (for the suds), fill the rest (slowly) with the hottest water my tap can create, and shake. 😊 The last time I did this it last me six months. 😍
1611 hour ago
This is not an #ad ...I seriously am saving $80 PER MONTH by switching to #geico ! I’ve had the same car insurance for over ten years and this month, I was renewed. To my surprise, my premium went UP 🙄 they said the state raised some fee for them and therefore they raised premiums. I have a PERFECTLY CLEAN (knock on wood...) driving record and was paying $155 a month for car insurance. So I searched around and Geico quoted me $72 per month. DEAL. I’ve had a smile on my face all day because of this hahaha .
Have been spending a fair bit of time going through our bills and ensuring we are getting the best deal possible. A couple of years ago we changed our mobiles from getting a new phone with Telstra to buying the phone outright and then getting low cost BYO plans. We were only paying $40 a month which I thought was pretty good.
But! Have jsut discovered Belong Mobile, which is owned by Telstra! My husband has reduced his bill to $10 a month and mine is down to $25 (more data for IG 🙊) that's taking our combined annual spend from $960 to $310!!
Just a reminder to the #dfc to always shop around!
•The average American household carries $137,063 in debt, according to the Federal Reserve latest numbers. .
A N D .
👩🏽💻According to the FCRA 79% of Consumers has an inaccuracy, outdated, obsolete, erroneous, unverifiable information and accounts on their credit file, that’s causing your scores to be distressed 😫
What are you going to do about it?l❓❓❓🤔🧐 “Take Care Of Your Credit And Your Credit Will Take Care Of You!” 🏡 🚘 🔑 🏖 💳🏘🏫🏭 😎💆🏽♀️💆🏼♂️
Drop a 🙌 in the comments 💕
This journey is hard and changing your mindset is critical to be debt-free and stay debt-free. Not only is mindset important to ensure we don’t go back to old spending habits, but it’s a main ingredient to build wealth!!!!! Can you imagine having $200k or more at your disposal and not touching it??? It can’t be touched if your mission is to be an everyday millionaire. IT WILL ONLY BE ACCOMPLISHED BY CHANGING YOUR MINDSET FOR EVER ❤️.
174172 hours ago
I'm honestly a bit surprised by Bermuda, but it makes sense as it's a tax haven. Bear in mind that this is the average income.
Average income around the world
The worldwide highest income is earned in Monaco. The smallest budget per capita exists in Madagascar. In our comparison over 78 countries, the USA comes 9th with an average income of 58,270 USD.
The average income is calculated by gross national income and population. On dividing all annual incomes and profits by the amount of the countrie's population, it will show the average income per capita. Included in this amount are all salaries and wages but also other unearned income on investments or capital gain.
Despite this calculation the median wage in the US for 2015 is about 29,930 USD (~ 2494 USD/month). #income
➡️Ohhhh guys, I have a GAME CHANGER of a laundry hack for you! .
🔻I’ll have a YouTube Video coming out on this soon, but here’s the gist of it: I have these 3 “laundry bins” (yeah, they’re trash cans- they were half the cost of real laundry bins 🤣🤑), and I have them labeled 1. Bleach, 2. Color Dry and 3. Color Hang. .
🔻Number 3 is the money maker... because I do NOT E.V.E.R. put these in the dryer, saving myself a WHOLE dryer cycle every 3rd load!! I bleach the heck out of the ‘bleach’ ones, so it’s filled with all whites. I dry the ‘color dry’ load because it’s just things like jammies, socks, underwear, etc. But the ‘color hang’ bin includes ALL of our regular daily clothes! Hanging them to dry literally doubles or triples (maybe even more) their color retention and cuts down on the harm that drying does to them! It also limits electricity use, ironing, and an extra step on your laundry for that 3rd load because there’s no going from the washer to the dryer- we just take them straight from our washer wet, hang them, let them air dry in the laundry room, and when they dry, we take them straight to be put away! .
🔻Bonus- no worrying about checking labels for wash directions: all get washed in cold and hung to air dry! Safe! ➡️Watch for that Youtube Video coming soon, found on the link in my profile! Let me know what you think and what YOUR laundry tips are!! .
2462 hours ago
I think Lizzie’s getting the hang of the aunt thing.. 🥰
3332 hours ago
My definition of an emergency fund is money that you save for use in the event you lose all (or some) of your income.
An e-fund is not for car repairs or home repairs. You can save up for those expenses in a separate savings account (aka sinking funds).
Put aside 3-6 months worth of NECESSARY expenses in case of a true emergency like a loss of income. Necessary expenses are housing costs, food, things you cannot live without.
Keep this money in an online savings account. Online savings account often offer higher interest rates than brick and mortar banks.
Sometimes we feel like we have to, but you don't need permission to DO YOU.
Screw up. Don't do what you said you would. Have an "off" day. Decide you don't want what you thought you did. Decide to move on, or stay still.
YOU DO YOU. & Don't feel like you need to explain anything to anyone.
Every paycheck ever 😫😫😫 type 🙋🏻♀️ if you agree 😂😂😂
60282 hours ago
Who else is guilty of comparing themselves to others on social media? 🙋🏼♀️⠀
It’s SO easy to think other people have better lives/more money/a better relationship/nicer house/better job/everything you don’t seem to have. ⠀
It’s much easier said than done, but only YOU have the control to make your grass greener. Water that shhh!t! One way you can do that is by focusing on the things you are grateful for. ⠀
For me? I’m thankful for a job that challenges me and shapes me into a better human. ⠀
What are YOU grateful for?! ⠀
Mid month check in. I'm definitely going to hit my $1000 to debt goal this month as my remaining minimum payments for the month put me over that. $45/ $200 - Side hustle money so far. $200 to motorcycle so far.
$230 spent on food so far.
Are you on track to hit your goals this month?
💛I have to say, I am having as much fun planning my money as I have spending it! 😆 Maybe MORE!
💙Even though I have debt, I am taking this opportunity to practice being GRATEFUL for everything I have.
💛I’ve learned that when I approach finances from a position of power and happiness, money flows into my life more and out of my life less.
💙It’s magic. Happiness is magic.
💛It helps that the Budget Diary is so darned cute! And every order I get becomes an opportunity to play with different colors and patterns! These beauties are on their way to a new home - with all my love and good vibes ❤️
💙Have you seen the EIGHT different ways to get the Budget Diary yet? I am committed to taking away your excuses for not getting your financial life together in 2019!
💛There is so much more to come! This is not just a planner; it’s a MOVEMENT.
💙Tag a friend who needs a budget! Click the link in my bio to see the Budget Diary ✔️
My local Budget fb page told us about this Coles special last night so of course i headed there this morning to stock up.
94-98c a pack instead of $3.95. So i got 17 packs for $16.68 instead of $67+. No need for take away chips for the next few months which will save us $14 of our family fund each week 😊
Spring is here! Give your finances a spring cleaning and kick debt to the curb.
This handy calculator helps you see the impact of making extra payments. Track multiple debts and watch your debt clock run out. Each time you enter an extra payment, you'll see your months till debt free move.
Get 10% off this product to help with your spring finance cleanup. Valid through Thursday, March 21 on any purchase over $7.50.
Holy wow does it feel amazing to do something nice for someone in need... ESPECIALLY anonymously!
The back story is... a woman in my town who has custody of her grandson posted on my town’s mom page asking if anyone had an extra space heater because they were almost out of oil and won’t have any money to put towards it until at least the end of this week. She also mentioned it was a horrible month for her financially. I felt so pulled to her and it broke my heart... I’ve been there... we’ve all been there. I needed to act.
I brought the post to my husband and he said the same thing... we need to help her. He was about to go out and get diesel fuel if needed to get her by... but I contacted the administrator of the mom’s group and told her my plan to donate 100 gallons of oil to her family anonymously so that we can be that blessing she was probably praying for. And gosh... was she thankful.
Doing it anonymously also means that I can pass this woman at events in town and concerts for our kids... and she won’t feel like she owes me anything... because she doesn’t. This is out of the goodness of our hearts. We are still in baby step 2... but I felt we were being spoken to when I saw that post. And I saw no other option than to help her in her time of need.
If my husband and I hadn’t paid off so much debt in the past 15 months, there’s no way we could afford this. We cannot wait for more ways to bless our community and neighbors. 😍🥰 #payitforward
Random thinking...the goal is to have the mortgage half paid by August. Wouldn’t it be nice to travel a little and clean the ocean 💗 🌍 Looks like husband is on board with letting me go #dreaming It could happen
198184 hours ago
Can I get an AMEN!
I took a break from audiobooks (7 books so far this year!) and Bigger Pockets real estate podcasts on my commute to work to listen to some classic Dave Ramsey.
I love his show. I listened to it daily during Baby Step 2 as it kept me so motivated. Now, when I listen to the show, I like to hear how Dave navigates through a conversation, asking questions that unravel the truth and how he coaches the caller through the next steps. If you are on a debt free journey, I would encourage you to listen to his show every now and then to get a little motivation. Like the DFC online and in meet ups, you get a little buzz of energy hearing from like minded individuals.
Financial coaching services available. Visit my website to learn more and schedule a free consultation to talk about your life and your money.
This is where we stand as of today...7 accounts stand between us and debt freedom. When we started, we had 15! Posting this for accountability because the plan is to be down to 3 by the end of this year!
200114 hours ago
I bought some new camera gear and the shipment couldn’t have come on a better day ☺️☺️ I got an overhead tripod, a Bluetooth clicker, and an iPhone ring light. This will mostly be used for my website and reselling. Although I do plan to take the clicker on travel. I can basically lean my phone against something, pose, and click remotely to take the picture. So fun 😊
If you’re seeing this post, your Mom or Dad likely didn’t have $500k to get you into school or pay your full tuition, lol. So put a little extra in one of your loan payments. It will definitely add up! #focusedspender
8985 hours ago
And that's after CA taxes! 🙌
This has been in the works for a long time. My company doesn't give yearly raises. Everything is merit-based, so you have to advocate for yourself and provide valid evidence of why you deserve a raise. I haven't had a raise since I was promoted to management 20 months ago and just hit my 7-year anniversary with the company last week, so I bit the bullet and requested a pretty large raise. Today, it was approved! 🎉
I just want to encourage anyone who hasn't been given a raise in a while... if you believe you deserve one, then put together a list of your growth and contributions as an employee and ask for that raise. You may just get it! 😊
"Pay to all what is owed to them: taxes to whom taxes are owed, revenue to whom revenue is owed, respect to whom respect is owed, honor to whom honor is owed. Owe no one anything, except to love each other, for the one who loves another has fulfilled the law." - Romans 13:7-8 📖
Debt MD is a free service that connects people with the professional help they need to become debt-free. Whether it’s high interest credit cards, medical bills, or student loans, Debt MD’s network of debt professionals can help anyone, anywhere, in any financial situation. Go to www.debtmd.com to begin your journey to financial freedom today!