You can’t deposit excuses. So make money instead, now that can be deposited. 💵 .
2 2157 minutes ago
Embarrassed, jealous, & discontent.
Those were the feelings I had on Saturday as my family sat in the parking lot of my daughter's gymnastics class eating our lunches that I had packed the night before. We were waiting for her to finish up her class when I noticed the vehicle next to us. A brand new, beautiful Cadillac Escalade.
My van is 5 years old, ugly, & in no way cool. It has 175K+ miles on it. It has scratches & dents & rust. It gets funny looks from strangers. Our friends & family have witty comments about it every time we go somewhere #creepervan
It's not something we went out & bought because we wanted it. We got it because it was a necessity. We have 5 children in car seats, 3 of which are rear facing. Our mini van wasn't an option anymore so we bought the only option within our budget.
But that's the thing...we bought it. We paid cash for it. We own it. It serves us. It's what we need at this point in our lives. When I remember those things, I become content. Proud of our hard work & hard choices. I'm thankful.
This journey isn't always pretty. I'm not always content. I get jealous. I get embarrassed. Luckily I don't feel that way as often as I did before our debt free journey & luckily I don't act on those feelings like I did pre debt free journey.
I am easily reminded of how blessed we are. I'm so blessed to have a vehicle that fits my family (& fits in my garage🙌🏻). I'm so blessed to have been able to pay cash for it & not be burdened by a car payment. I'm so blessed to have room in the budget so our daughter can enjoy something she loves.
I'm able to recognize that a brand new Cadillac Escalade could be in the cards for us someday if we save like crazy but honestly I know I'd never really want one. I know that I'd rather pay off our house with the $75K+ that it would take to buy it. I'm ok with just having the necessities.
Blessed, happy, thankful, proud & content.
. #debtfree#debtfreecommunity#frugal#debtfreejourney#financialfreedom#tightwad#dfj#dfc#frugalliving#gazelleintense#daveramsey#daveramseybabysteps#frugalmom #homeeconomist#budget#debtfreelife#savemoney#savingmoney#financialpeace#debtisdumb
2 322 hours ago
Sometimes I feel like I'm limited...mainly due to time. But I don't let that stop me. I still do what i can even if it's just 15 mins.
That's enough time to create a new pin for Pinterest.
Just approach things with an open mind🙌
Visit link in bio for more resources (read the blog, visit the shop, get cute printables etc.)
1 112 hours ago
Hubs got his first pay this month and now it feels so long since he's been paid because we've never been paid monthly.. so we're (mainly me) feeling a little unmotivated at the moment because it feels like it's been such a long time since he was paid and feels like it's dragging 😩
So I would love to hear any tips you have to keep you motivated until your next pay or just any monthly budget tips in general? ☺️
8 342 hours ago
I’d never really thought about it until I started the debt free journey. .
I’m talking about going out for dinner (or similar) with friends, family, family friends etc. .
When I actually sat back and observed some of the things going on during dinners out with people I noticed that there’s an unwritten rule that the bill at the end of the meal is split between the number of people who are at the table. .
Now this isn’t always the case, and people who don’t get into the habit of this and just pay their own way + tip are making the right choice - I think anyway. .
In the past I’ve seen people take advantage of bill splitting to order expensive items from the menu - a full rack of ribs for example while others are ordering the burger sliders. .
Those people, end up paying for their part of the bill and getting a bloody good deal! Others are lumbered with extra costs and could pay £30 for a £15 meal... .
This isn’t always the case and I don’t surround myself with people who take advantage of others good nature.
In fact I don’t socialise at all with the people used in this example because I just don’t like being taken advantage or or seeing other people being used for personal gain.
They’re nice people, but just not used to being told no or that people will pay their own way (that didn’t go well). .
Splitting a bill with people like this, only benefits them. And I wouldn’t want to upset anyone after a nice evening out, so you just don’t say anything. .
But I know their game!
Expensive meal choices, 3 courses, extra bottles of wine and an after dinner coffee... it’s like bring multiple coupons with you in the shape of your friends. .
My view is that if you can’t afford to pay for what you’d like if you paid your own way, don’t get it.
Likewise don’t get sucked into the ease of bill splitting just to avoid a direct conversation. .
Be clear at the start, order responsibly and stay in budget. .
I wish I’d know I can always pay my own way without feeling cheap or awkward. .
I wish I known that people can and will take advantage of you in subtle ways, if they can. .
Have you spotted people like this!?
8 132 hours ago
Some days it will feel easy, other days it will feel impossible. Just keep going. 💗
I NEVER auto renew any of our policies and this is why. The 1st photo is the auto renew email I got for my car. The 2nd photo is a quote I did online through the EXACT same company!
NEVER let any of your insurance policies auto renew and ALWAYS shop around for the best price!
My story.▪️I was never a private person, but talking about my finances equals talking about my personal life, and it’s something I mostly keep a low profile on. More than that it requires to talk about my mistakes and failures and dumb decisions. Which is never an easy process. I want to be brutally honest, first of all with myself, and with anyone who will read this. But I have my desire to stay anonymous for now, I’m sure a lot of you will understand why:) So first and foremost I’m an immigrant. I moved to USA in 2015 to complete my Masters. Along with me I brought my mom and daughter. The key thing that comes from this info is that I was completely clueless about American way of life. No friends or family here, total lack of basic guidance. As an example, getting my first driver’s license was like climbing an Everest. Alone. Equipment free. Naked. I was just not getting basic things, and I consider myself quite smart. ▪️So I had zero understanding on what credit is, how to use credit cards, and why financial planing is important. I was lucky in life at that point where I was able to save in a matter of few years enough money to completely cover my studies. Obviously before I even came to States. My program wasn’t long or expensive. But beside saving money I had to sell some property back home to cover my living cost for the time of my studies. Two good things came out of it. Education and zero student loans. Oh, and a couple of friends I still stay in touch with.🖤
▪️Story to be continued. Stay tuned.
| #debtfreetriptofreedomstory #debtfreetriptofreedom#debtfreecommunity#debtfreejourney#daveramsey#babysteps#daveramseybabysteps#financialfreedom#financialpeace#debtsnowball#debtisdumb#cashisking#money#moneymanagment#moneygoals#budget#budgeting#zerobasedbudget#minimalism#minimalistbudget#goals#hustle
I actually finished it about a week ago, however, I just went back to add sinking funds for Christmas 🎄 and my sons birthday which is 12/29 👶🏼🎁🎈 I don’t want him to ever feel like his birthday is overlooked because of the holidays so I plan to make each one special.
My dads birthday is 12/28 and last year was my dads 60th and my sons 1st. So instead of a party we all made a vacation out of it and went to Disneyland! Ethan won’t remember but he’ll always have the photos to look back on and the stories we’ll share ☺️ Any other Christmas babies out there? Any tips are appreciated!
I was going along fine with my debt until the moment I realised I didn’t have a backup plan if something went wrong. And then things did go wrong and I wasn’t able to pay my bills and make my repayments anymore and I will never forget how painful that was. I would never put myself in a position again where, if something was to happen to my job, I would be stuck with people chasing me for money and no savings to buffer the fall. I am not technicially ‘financially free’ because I still need to be employed for the foreseeable future, but I feel way more free than I used to feel. I am more confident taking risks now because, if the worst case happens and I lose my job, I can cover myself for a couple months and won’t owe anyone any money. Having no bad debt and a healthy emergency fund provides a nice buffer and helps to build resilience. #debtfree#financialfreedom#financialresilience
1 116 hours ago
Debt paid in June including the minimum payment for the car loan that debits on Friday.
I had to let go or my goal of paying $750 to the car this month, after the accident that's become my priority. My minimum payments are $220 a fortnight, so $440 a month.
How did your debt payoff go this month?
6 month check in! I can’t believe we’re in the middle of the year already. 😬😬 $240 is what we paid towards debt this month. $7,769 is what we’ve paid so far this year. Hopefully we can continue this successfully. We have my daughters and my birthday coming up this summer as well. How is everyone else doing?
Please tell me you see the problem with this picture???!!! Who buys a lamp shade without checking to see if it's made to fit your lamp!!!!????? This girl🤷🏻♀️.... I consider this a frugal fail. Lamp shades are not cheap a nice one goes for $40-$60 well I found this new one on Facebook Marketplace for $10 NEW! Ummm I was so excited I bought it. Well ladies and gentlemen this is the current condition of my lamp. Now I have to spend $10 to get the right fitting to make this work out. Still cheaper than a single lamp shade but 🤦🏻♀️. LOL
Some of you may remember when we paid off our 2nd credit card last month. When I received THIS bill I thought “you have GOT to be kidding me.” I’m sure it was because of the interest accrued between the time the bill was sent and the time they received May’s payment. But, I still had my husband call (because it’s his name on the card) and try to get them to budge on this. I told him, if they don’t budge, pay it, and tell them to close the account. Kind of like a “fine, then CLOSE it!” gesture. Haha. But, PHEW! Happy to have this one officially DONE... for REAL this time! 😜
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*jumping up and down, waving my hands and screaming*
Beyond excited for my amazing friend Ashley! We met at a MOPs group and immediately connected over sarcasm + coffee. She craved an easy breakfast for her busy life and now that her little girl is one, she is loving the convenience, losing the baby fluff and helping others do the same all while getting a bigger shovel toward student loans! She reached the second level of leadership in our wellness company and this is only the beginning my friend! Enjoy your $550+ paycheck.
5 248 hours ago
You shouldn’t have to live in debt, debt consolidation can help you dig yourself out of the hole you’re in.
Everyone wants to talk about building credit (borrowing money) but nobody wants to talk about wealth building (getting out of debt and investing). As long as you continue to borrow money for things the banks get richer, the organizations get bigger and your pockets get smaller. Interest paid on borrowed money is a penalty not a reward. Wealth building > Credit building
Have you started saving? Christmas is 6months away 😱 remember Christmas is not an emergency so DO NOT go into debt! It is important to be smart and take advantage of the EOFY sales or put a little bit aside each pay. It is a good idea to make a list of each person or family you buy for and put the amount you want to spend next to their name even if you are baking gifts make sure you work out how much all the ingredients will cost, tally up the the amounts and divide it by how many pays you have until Christmas.🎅🏻🎄
5 629 hours ago
The day before payday be like (it reads ‘no more money’) LOL
I get asked this a lot - My husband has always believed that everyone has debt and we can too... what’s the big deal? •• We both have our own bank accounts, pay our own bills, and he gives me money for rent and other utilities that I pay. In September of 2018, I was really focusing on paying off my credit card. I would pay $500 per month towards my credit card and by November I was barely making a dent. Interest was killing me! So I decided to tell my husband about my credit card... he was in the same boat. $350 bucks in interest per month. We needed a plan. We both decided that we would work really hard. •• Then in January we talked about going on a trip. We decided to hit the beach in Cuba for 7 days! $2300... on credit card. What were we doing??? No self control at all. All that money back on the cards! Any who fast forward to the end of March and bam 💥 credit card debt gone! (That story will be saved for another post) So in my husband’s mind he thought we were done, mission accomplished! 🎉 🎊 🎉 But in my mind we were just getting started. I set out to learn everything I could about Cash Envelopes, Sinking Funds and Zero Base Budgeting! I knew I couldn’t go to my husband without a fool proof plan! •• So that night he of course was not on board at all. Said that he didn’t want to sacrifice anything... I had to explain to him that budgeting did not mean going without. It means working harder for the things you want. Finally he agreed! He honestly thought it would be a 2 week kinda thing and I’d lose interest. Boy was he wrong! •• Months later here we are! Paying for everything in cash, sinking funds all topped up, haven’t touched our credit cards, this is the most financially stable we have ever been. He even has his own cash envelope! We’ve made it fun by going grocery shopping together with a limit and we have to work together to stay within that limit. We take trips to the Farmers Market together. We do things we enjoy... just within the budget! •• He not only sees how happy it makes me, but he sees what we’ve been able to accomplish in such a short amount of time. He’s on board, he’s supportive, and he’s excited to be debt free one day!!!
And this is the first year EVER that I am prepared 🎄
When we sold our rental property I put $700 aside in a sinking fund for #christmas I put it in a online @ally bank account so it will be out of sight and out of mind, and earn 2.2% interest in the meantime 🤑
As Christmas gets closer I want to get a budget together on how exactly I’m going to spend the money to make the most of every dollar.
I was hoping to pay a little more towards my debt snowball this month, but after the misfortune of work not paying me AGAIN 🙃 I guess that's it for the month 🤷🏻♀️
Not getting paid is highly annoying, but that's what I have an emergency fund for! 💁🏻♀️ but it still slows down the progress I wish I was making.
So many frustrations on a debt free journey amirite!? 🙃
7 2910 hours ago
Calling all AMAZON📦Fans!! We are giving ONE Follower a $500 AMAZON Gift Card or $500 CASH!! It’s so simple to enter, just follow ALL the steps below:
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48 20610 hours ago
This is a rule that lenders use to determine how much debt you can afford. In other words, this is the largest amount of debt banks have found you can take on with a reasonable chance of paying it back. This maximizes the bank’s bottom line, not your finances.
The 28% is also known as the ‘front end ratio’. Housing expenses are generally summarized as PITI: monthly principal, interest, property taxes, and insurance payments. They also include any housing association or condo fees. The front-end ratio does not include other housing expenses like utility bills or cable TV services.
The 36% is also known as the ‘back end ratio’. The back-end ratio includes all debt: PITI payments on your mortgage, any homeowners-association dues or condo fees, and credit cards, car loans, student loans, and other personal loans.
So, how do I improve my ratios so I can buy that dream house? Earn a higher income; pay down debt; or save up a larger down payment.
If you are looking for some guidance with your finances or you want accountability, click on the link in the bio to schedule a free consultation to talk about your life and your money.
3 4210 hours ago
Me too girl 🤦♀️
28 97910 hours ago
* Sinking Funds *
This is still a learning process for me. I haven’t used sinking funds yet. Before the end of the month debt snowball payment, I’ve planned out my sinking funds. Sinking funds is a way to pay yourself for large events or unexpected occurrences that may come up. This way, if your car needs a new tire, you can take the cash out of your car sinking fund instead using credit cards!
Starting in July I’m going to have an “other/misc.” sinking fund monthly for any mistakes I come across. Then at the end of the month if that fund is not needed, it’ll go to debt! 🤞🏼🤞🏼🤞🏼
On top of the monthly sinking fund, I am going to have bigger sinking funds for the upcoming events! #1 Christmas (6 months away!) 😳😳 #2 Brandon’s Birthday #3 Jamaica 🇯🇲 (April, 2021) #4 House downpayment
I’ve included the breakdown of each sinking fund and what I need to save each month to cash flow each event. The house down payment is a little variable. For the month of June, I just took 20% of the money I had left. But if I’m going to be making multiple debt payments, I have to try to make it a set number. The house downpayment will depend how we’re doing each month. •
Paying the sinking funds means less to debt, but it still allows me to cash flow each event and still be able to enjoy our life (without adding to debt! 🙌🏼). ⚠️REMEMEBER⚠️ This debt journey is about telling my money where to GO! ➡️ #daveramseybabysteps#daveramseybudget#totalmoneymakeover#debtfree#debtfreecommunity#debtfreejourney#debtisdumb
0 1110 hours ago
This is a reminder of another decision that I paid a #stupidtax on. In 2011, I lost my job and as a result, lost my company car with it. I needed a “Dave” car; I bought a Land Rover Discovery. A car that I had always wanted and finally was able to get. I liked the hunter green one in the movie “Stepmom” as a kid. Don’t ask why; I just did.
I bought the car; it stopped turning over after three weeks of ownership. My dad (worked at Honda for 10 years) knew a lot about cars but not a lot on British-made cars. An oil light had popped up but went away when we test drove it. The seller, a guy my dad’s age with older kids, said it was a bad sensor that just needed replaced. It went off and we didn’t second guess him. Well, we did three weeks later when it wouldn’t turnover.
I was already having a bad year (other things happened in 2011 I’ll share at a later time). I didn’t need this on my plate. I was told by the dealer and an independent mechanic that the car needed a new engine. The following week, I made the best decision I could at the time; I donated the car. The money I lost on the vehicle came back in the form of a blessing; it sold at auction for about the purchase price. It came off on my taxes that year and helped me significantly in that area.
This purchase taught me a lot about money. I thought this was the lesson I needed to take finances seriously, but it *wasn’t. Two months later once I got a new job, I took a 72 month car loan out on a used vehicle with a high interest rate. More stupid tax paid on that. I feel like that whole experience was the first of several that was the universe’s way of trying to help me get my shit together. I’m glad I finally “listened” to it last year. #debtisdumb#debtfreecommunity#debtfreejourney#debtfree#carpayments#cashisking#debtfreelife#debtfreedom#debtsnowball#debtfreegoals#saynotolandrover#totalmoneymakeover#daveramsey#davecar
Guess who just got ANOTHER credit card....We did! Why? Because we always use credit cards to maintain our good credit. However, our current ones do not offer any rewards. So this one will actually give us cash back 😀 The ones we currently have are the same ones we had when we first started building our credit. The limit is only $750 so even if we MAXED them out, we wouldn't be in turmoil. The new one has a much higher limit though, which does intimidate me. It's going to be scary to have because we can easily get in trouble with the new card. But we are practicing constraint and sacrifice. Do you still use credit cards while paying off debt? Let me know ⬇️
14 2211 hours ago
June’s Cash Envelopes: LEFTOVER 💰⠀
In the past, at least with my GAS envelope, (the rest are all new/fully funded as of this month) I had continuously rolled what was leftover! I had also planned to apply what was left in both of these replacement envelopes towards their respective 2020 envelopes! ⠀
However, that was pre-(thankfully very temporary) debt! Though I tried my best in the time I had to save for the wedding, it ended up costing much more than I had very roughly estimated!⠀
So this month I have decided to deplete every dollar of leftover in these four cash envelopes:⠀
• SHAVING CREAM⠀
• SIX MONTH REPLACEMENTS⠀
• BEAUTY REPLACEMENTS⠀
come June 30th to be applied to the recent debt I incurred celebrating my cousin’s wedding in Mexico as I feverishly work towards paying it off ASAP! ⠀
0 1211 hours ago
Long, complicated story short, I used to work full time at a local school, I now work part-time and today I interviewed for my current (but slightly upgraded and full-time) position. The pay might increase from what I was previously making and that would be awesome. Hopefully I will find out soon.
I want to give back to a community that has been so good to me for the last couple of months!
I decided to give away the @erincondren PetitePlanner Summer Journal!
All you have to do to win this giveaway is the following:
1. Must be following me @thebudgettalk (duh 🤪)
2. Like the photo
3. Tag 2 friends who would love to win this journal also!
Get an extra entry for:
• Posting the picture on your story or page and include the hashtag #thebudgettalksummergiveaway
Giveaway will end on Saturday, June 29th at 12 p.m. CST.
I will contact the winner via DM!
*This giveaway is in no way sponsored or endorsed by Instagram or any other third party.
19 4011 hours ago
What a cute book! @savinglikeasloth is a sweet story to help kids learn about saving, giving, and spending. My niece is a bit too young for it, but someday when she's doing more chores this will be a good book for her! Check out @savinglikeasloth for your kiddos! 📚
Also, this is not an ad. Just excited about people out there writing books to help kids learn about smart money behaviors early. I wish I had learned this as a child too! #themoreyouknow
8 21811 hours ago
Well friends, it’s time to be real open and honest. Remember a few months back when i shared that one of our ‘whys’ was to be able to travel in a converted sprinter van? Well we’ve been talking more and more about this idea and researching vans etc. This past week we were so close to financing a van. We even went so far as to get approved and start the loan process. We found a van and were about to finalize loan docs. Luckily while on vacation my husband and i both had a ‘come to Jesus’ talk and we talked about our goals and dreams and how this purchase would delay a lot of our other goals. We want a van SO bad, but not more than we want to be financially independent. If we were to finance this van it would’ve delayed our debt freedom and also caused more strain in our budget. We feel that we are finally at a point where we are able to gain some traction and we don’t want that to stop. So with that being said, we are not moving forward with the loan. Instead, tomorrow we are making a snowball payment to our truck loan and based on my small check on Friday, will attempt to get our truck loan under $2,000 before July 1. The month of July will be hustling to get the truck paid off and on to tackling the next debt.