The Debt Free Mom: Day 75

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!

Friday, May 8, 2009

Day 75

The following is from my great friend Rebecca.....

I had some really great coupons to use at Target yesterday, but my favoritewas Kraft bbq sauce on sale for $.99 and then a 75 cent off coupon from this past Sunday's newspaper. $.25 for an 18 oz bottle of bbq sauce--really good deal! Two others were Hershey's Bliss on sale for 2.99 and then a $1 off manuf.Coupon, and Smart Food popcorn clusters on sale for $3 and a $1 off manuf. coupon......thanks Rebecca

Before you head to Target. Click here to print your Target Coupons that can be matched with Manuf. Coupons for great savings.

and Click here for more Target Deals.....thanks Money Saving Mom

Happy Friday!

1 comment:

RebeccaMay 8, 2009 at 7:35 AM
I forgot to tell you that also at Target I bought some band-aids that were on sale for $1.60 and used a $1 off manufacturer's coupon for that! :) Rebecca
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Friday, May 8, 2009

Day 75

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