How do I rent a car? This topic came up today about things you "need" a credit card for. And I honestly didn't know how to respond. Are there really things you can't do unless you have a credit card? Please educate me in the comments below! 👇🏼
For a long while (almost 2 years), I had been paying $72 in “card security” charges. When I finally realized how much that was increasing my balance, I took it off my account in December. I wish I realized sooner, but you live and you learn 🤷🏽♀️. I’m so happy to say that my Amazon card is officially paid off!!!! I couldn’t be happier. I have one more credit card being closed as well; I’m just waiting on that payment to be processed. So exciting! 😃 #debt#debtfreejourney#debtfreecommunity#debtfree#debtsucks
Decided to sell these beauties on eBay. Put them up for sale for £60 last night. I wore them twice in 7 years because I have another pair I prefer. Part of me adores them but the other part knows I don't wear them and that the money for them could go to much better use buying things for our new home! Fingers crossed I get a sale!
February debt payment goal is 2k and we exceeded that by $500🤗 I double paid Amaia's health insurance and we are waiting for that to be refunded within the next few days... That will be thrown into the debt too which hurts seeing all these money going to lenders😭 😣
Month isnt over yet and we are still expecting some funds to go through and hope to speed up this process so that we can start rebuilding our financial foundation. It's nice living with family members but I really miss having our own place. We are cash flowing hubby's tuition as well so all outgos are monitored to the T🔍🤓
I cant stress this enough: Live way below your means+ find ways to increase income+budgeting=financial freedom💪
Swipe to see what our original pay off dates were going to be! I can’t believe I didn’t get serious sooner. We did have a massive year last year and if I listed everything that happened you wouldn’t believe me... but we’ve come through it all and now working harder than ever to be debt free eventually!!! 🌟💵💰🎉
I love my hubbie with all my heart, but he has mixed feeling about this journey. One month he is fully on board and super supportive and the next month (like this month lol) he thinks it's "dumb" and we shouldn't be so tight on money. This usually happens when he checks our savings account and notices we have a good amount saved in case of an emergency. He thinks that money can be used as spending money. How many of you girlfriends and wives are dealing with this? Or if you overcame this what did you do?
I asked my husband for 2 years of hardcore budgeting and paying off debt... and I promised him we would have a high Net worth before we turn 40... but he doesn't understand that means sacrificing... HELP #debtfreecommunity
It's such a good feeling to be able to cash flow trips to explore new cities. I love that I won't be waking up with a credit card hang over. I love that while I'm there I can truly enjoy it and not have to worry about how I'm going to pay it off later. I've already budgeted for it. It's already taken care of. That's the way real vacations are supposed to feel. 😎
I have been a little MIA lately. Had to plan baby girls first bday. It was an amazing day. I budgeted about $100 for the whole bday including gift but total I spent almost $200. I was very worth it! Next time I will budget more realistically when 30 people rsvp to a party 😂.
While thrifting today I found this snowsuit that looks brand new. It will be the perfect size for baby next winter and it was only 3.99! It matches perfectly with a hand me down winter coat that’s the same size. Thrifting is one of the way I save tons on baby. What is your favorite thing to grab at the thrift store for you or your family?
Starting this journey with one goal in mind: financial freedom. I became inspired by various bloggers/instagram accounts in 2017 and have decided to start this long journey by my 24th birthday (two weeks from now). Before a plan is put into motion it has to be drafted, so today I spent all afternoon building an excel spreadsheet to keep track of all my expenses and to identify unnecessary expenditures. In the next few days I will be finalizing my first budget (March) and drafting short-term goals to keep me motivated.
Starting debt is $30,173 with $22,196 being from student loans and the rest from credit cards. Currently in deferment due to being enrolled in graduate school, but by no means stopping monthly payments!
Thank you @inspiredbudget and @budget_with_intent for providing me with that extra push/inspiration I needed to begin this journey. 🙌🏽🎉🎉🎊
Just what I needed tonight. February has been a crappy month. Between everyone in the house being sick, and our house deal falling through a week before we were suppose to close only scratches the surface of this month. I have just wanted to give up on so many different levels. Giving up just isn't part of my destination right now and looking forward to a better March.
#RepostSave @debtfreeby35_ because I often find myself reminding other people of this when I need the reminder, too. I will get there, and so will you, even it takes a little longer than we planned.
One step at a time. One day at a time. Stay the course ❤ #Friday
I currently have 4 credit cards. I decided to pay off my Nordstrom and target credit cards last month since they were the smallest balances. •
My Bank of Hawaii credit card is my Hawaiian airlines miles credit card. I got this card when I turned 18 to build credit and gain miles for travel. I plan to continue to use this card because 90% of the time I fly home I fly on Hawaiian Airlines. This card gets me double miles and I get 2 free checked bags when I book with it. In the future I plan to cash flow my trip home, book my ticket on the credit card, and then pay off that balance right away. •
I got my Bank of America card in 2015. I was immediately suckered into the 3% back on gas, 2% back on groceries blah blah blah. I had the plan to only use it for gas and groceries and pay it off immediately. Well we all know how that goes. I got carried away and I haven’t had the balance below $2000 in over a year. •
I got carried away with credit cards and the thought of “I’ll just pay it off later”. This thought is the exact reason why I’m in debt. I would get sick just looking at the balance and thinking I would never be able to pay it off. Well I have a renewed mindset this year. My plan is to pay off my Bank of Hawaii card next and then pay off my Bank of America card by May. Striving to reach my goals! #debtfreecommunity#debtfreejourney#creditcarddebtsucks
Consumer debt payments 💰💳
I was so pleased with January’s efforts being our first month of being serious about paying down debt! - But then this month came our unexpected lump sum payout from income protection. If you’ve been following our journey you’ll know that this was actually from the first half of last year. So to us it has been like forced savings... but we weren’t expecting the amount we got, so it was a very nice surprise!! 💵 - We have thrown everything we have at our debt this month and managed to clear and close 3 credit cards. - I wish it could be like this every month but I can definitely say we won’t have that much to throw at debt again. Next week will be our first wages both on half pay. It will be tough but we are still hoping to put any extra money we have left over from the budget onto our last credit card. 💳🌟💰❤️
Paying for all these with savings and leaving $1500 emergency fund. Then tomorrow’s paycheck will go towards credit card debt and grocery. We pay for two rent because we live in 2 countries & travel back and forth🤯 😅(looong story maybe I’ll share it next time 🤔) So having one of the rent taken care of for a few months will allow us to put more into debt without having the temptation of using a credit card because “we paid so much off already let’s reward ourselves by using it” 😅 #knowyourweaknessestomaximiseyourstrengths also paid for an extra month on car insurance, money I owe my sister that she told me not to pay till she actually needs it, and $85 remaining balance on our electricity bill because smart me put in the wrong payment when I paid last week. #debtfree#financialfreedom#freedom#debtfreejourney#debtfreecommunity
We’ve been waiting for the final solar panel statement to come saying that they are paid off so we can officially cross it off our list. Well here’s what we’ve been waiting for... with $7.95 of interest needing to be paid 🤦♀️
This time next month will be the OFFICIAL paid off statement. For now, I’m going to say this balance of $7.95 is close enough! Bye bye solar panel loan!!!!! 👋👋👋
So we have a goal and we're 2 months away! Our goal is to pay off 12k in 6 months! It's crazy and we're excited and scared all at the same time! Wish us luck and for sure I'm going to keep you guys updated!
Who else is doing the 52 week money challenge while on a debt free journey? Now when we decided to start this journey I knew I could no longer buy designer handbags (my weakness, other than spending money on eating out and vacations 🤭I’ll share later how we’re able o control spending on that) so I figured if I do this challenge then by the end of the year if we meet our goal I can buy a designer handbag if not then it goes straight to savings or debt 🤔 Gotta keep ourselves motivated somehow right? Other than the motivation of being debt free in 2 yrs 😂 #52weekmoneychallenge#debtfree#debtfreejourney#freedom#financialfreedom#debtfreecommunity#motivation
💭 thoughts ??? I don’t want to put us in a position where we would have to pay if enough taxes aren’t taken out. We do have 3 girls however due to our income we don’t get a high credit for them as others do.
Today my husbands bonus came through! wahoo!!! after crunching some numbers I realized we could go ahead and pay off our Home Depot Credit Card and put the rest aside for my maternity leave!! Although we will be on snowball pause for now until about May or June, I am so excited to have another debt checked off the list! #debtfreecommunity#debtfreejourney#debtsnowball#babystep2
So I know I said I wasn’t starting until 3/1 but today I decided to do a test run with cash for groceries. We made out menus and I stuck to my list...but went over by $25. Grrr...I’ve got some more work to do! I know this will be our toughest category with a teenage son and a tween son. Don’t worry I’m not being too hard on myself for the first attempt :) #debtfreecommunity#debtfreejourney#debtfree#snowball#daveramseybabysteps#cashisking
Has anyone ever read Walden? Years back when my hubby and I were living in Boston, we traveled to Walden Pond a few times. I loved Walden and the mindset Thoreau had. Trying to apply his wisdom to our situation and keep positive about the direction we are heading in (even if it seems up a high mountain right now). #debtfreecommunity#debt#debtfreejourney#debtfree#thoreau
I think I'm obsessed.. with becoming debt free.
Having my son has opened my eyes. With insurance and daycare.. Wheeeewwww!!! I didn't imagine.. but I'm doing it. I just do NOT want to live in fear. "I have more than enough and God provides for all of our wants and needs"
I got a small refund from taxes that I used to put aside an emergency fund of $1K and I threw the rest at my smallest debt. Got my only credit card balance under $2k and next month my mortgage will be under $100k.. you see.. I'm obsessed. Lol #debtfreecommunity#debtfreejourney#imdebtfree
The last friday of every month hubby and I sit down and talk Money, Goals & Dreams.
We plan our budget for the month ahead & We set goals ~ financial, lifestyle & personal ~ which we break down into tasks to be completed
Then we Dream together.
We talk like lovestruck teenagers imaging our perfect life of adventure together. We talk like there are no boundaries, no limitations. We talk freely without judgement. We just dream.
I first got this idea from Jordan Page @funcheaporfree ~ and I'm not going to lie, the first couple of times we did it, we felt pretty silly to say the least. .
It can be very hard to dream when you are so broke you can't sleep at night.
But ... if we had no future together to look forward to, what the heck we were fighting for?
So we dreamed. .
"You know what I would love to do once we're #debtfree ? ... Just take a year off and travel around Australia. Wouldn't that be cool?!" 👧 "You know, I've always wanted to do that! That would be pretty cool." 👦
And that was it; the beginning & the end of our first Dreaming session. Back to reality. Back to bills. Back to the grind.
But we continued with our monthly budget meetings / date nights, & we continued to open up to each other about our dreams. 🌏🛫🏕👙🏖💪🏠🏘🚙⛵🚀
This, right here, "Budget Meeting Date Night" has probably saved our marriage. It has brought us closer together. It has given us purpose. It has put us on the same team. It has made us allies not enemies in our War on Debt.
• • •
There are still a few days left before the end of the month, so I challenge you to make time to sit down with your spouse and talk Money, Goals & Dreams. .
Who knows where it might lead to 😉
Sometimes the #debtfreejourney can be overwhelming. Too many bills, too little income, whatever it may be, it can get crazy and you lose focus pretty quickly. I know because I've tried to start the baby steps at least a couple of times. So glad to have found the #debtfreecommunity in IG because I've been sticking to the plan since I've re-joined last December. Let's altogether smash that debt! 👊🏼👊🏼👊🏼 #debtfree#daveramsey#babysteps