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Tag: debt

Meaningful Academy – Financial Foundations

Meaningful Academy – Financial Foundations

Back in September I was super excited to receive an email from Pete Matthew, founder of Meaningful Academy, gifting me a Foundations Level membership of Meaningful Academy. As many of you may know, my husband Bob, is most reluctant when it comes to talking about money. He grew up in a home where money wasn’t talked about, plus he suffers from depression, so feels that he’s not worthy of money. It also doesn’t help that he’s a spender (Apple /…

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Borrowed Future – A review

Borrowed Future – A review

Ramsey Solutions has released its first documentary and it’s POWERFUL. I watched it by myself yesterday and I though it was so good that I got the family together to that they could watch it too! We all know that student loans are out there and they are considered ‘normal’. I know that in both the UK and the US, you can take out student loans, however, I didn’t realize that the student loans in the US can be crippling…

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How can you stay motivated in Baby Step 2?

How can you stay motivated in Baby Step 2?

Getting out of debt can take a long time! We’ve only been on this journey a few months and I am bored! I want things to move faster! I have dreams and I want to get in BS4, 5 and 6 like yesterday! When I am having a bad day and get frustrated that things aren’t moving as fast as I’d like (you know, I am sad that we haven’t won the lottery and we’re in BS4, 5 and 6…

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My favourite books and podcasts on personal finance

My favourite books and podcasts on personal finance

Sunday 29th August 2021 When it comes to personal finance, many of us our self-educated. That’s because in the UK, until recently, finance hasn’t been on the National Curriculum. Furthermore, many British families feel that talking about money, isn’t ‘the done thing’ and children grow up in homes where money isn’t talked about.  Therefore, many people have limited knowledge of personal finance. I knew from early in my career that I didn’t want to be clueless when it comes to…

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Patience pays off!

Patience pays off!

Sunday 1stAugust 2021 Hello y’all and happy Sunday to you! I am excited to say that Bob has just sent me a text that reads, “So, listening to Ramsey. He says we should have emergency fund of $1,000 and then clear off debt. I have $9,000 in emergency fund and $12,000 in credit card debt. Shall I use $8,000 to pay off some of credit card?’ My reply, “Yes!”. I wanted to share that because tomorrow we will be celebrating…

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My husband is listening to The Total Money Makeover!

My husband is listening to The Total Money Makeover!

Thursday 29thJuly 2021 Bob was cooking supper today and when I walked into the kitchen, he was listening to The Total Money Makeover. This is just too exciting! I have been asked Bob to read / listen to the book for the last seven months. I asked him how it was going, and he replied, ‘It makes sense.’ Praying that Bob will complete the book, praying for the positive changes to come, praying and believing that we will be on…

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Our total debt is $18,348

Our total debt is $18,348

Saturday 24th July 2021 Bob still wasn’t keen to reveal our total debt, so I basically kept bothering him to find out. Not ideal I know. Here’s what he, begrudgingly, told me: Credit Card 1  $384 Credit Card 2  $1330 Car Loan $16,634 Total:  $18,348 I was totally calm, didn’t fly off the handle and told him that it’s not horrendous and we could use our Florida savings ($23,372) to clear that all off. He totally wasn’t happy about that…

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Our total debt is ?

Our total debt is ?

Friday 23rd July 2021 Today I asked Bob to let me know how much debt we are in. Credit Card 1, Credit Card 2 and the car loan, then we can follow the debt snowball plan. He says that the debt is his responsibility and he’s not keen to disclose the information. I told him that we are a team and we can get rid of this debt quicker if we are both focused on it. He mumbled something about,…

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