The Debt Free Mom: Day 74

My Favorite Email!

I’m curious about how you learned to live debt free.

First I would recommend reading the book The Total Money Makeover by Dave Ramsey. It was a huge eye opener for both my husband and I.... It was the first wise financial decision we made....We had it in our shopping cart and were going to charge it to our credit card, we looked at each other and said this is crazy. We put the book back on the shelve and checked it out at the library :)

~The first thing we did was sit down together and add up how much debt we had. I thought we had around $20,000 but in reality we had $48,000.

~Saved $1000 Emergency Fund

~Then we payed our debt off smallest to largest no matter what the interest rate was

~We make a budget and put a name to every penny

~We use the envelope system....taking out cash for budget categories....that way we do not overspend....when the money is gone from the envelope we know we are done spending for that category

~Canceled Cable...don't miss it....still don't have it, have basic cell phone, basic home phone we cut back on anything and everything we could.

~Squeezed every penny out of the budget to throw on our debt

~My husband and I started communicating about money....that was huge for us.... now we are on the same page and were and are intense to make sure we honor God with our finances

~Coupons

~and most important lots of prayer

Wishing everyone the best of luck.....be intense....and tell every dollar where to go!

Thursday, May 7, 2009

Day 74

First visit coupons.com and print the great Kellogg's Cereal Coupons....even if you do not shop at Dillons visit the site.... there are some great coupons right now.

The box of Cereal and 5 Air Heads cost a whole $.01

Cereal $1.98-$1.00 coupons.com coupon

Air Heads $.50 each-(5) $1.00 man. coupons

Check out the savings of 103%.....guess even if your savings is above 100% you still owe a penny??? I can deal with that :)

Two kids enjoying their free snack!

1 comment:

Brigetta SchwaigerMay 7, 2009 at 5:37 PM
Wow! You are good! I love coupons and would love to be debt free. I'll be back.
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Thursday, May 7, 2009

Day 74

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