As bills continue to rise, we are certainly tightening our belts and I’m sure we’re not the only ones. With the energy price cap increasing, inflation reporting to increase to 20% next year and food prices rising, it’s tempting to bin the budget but don’t! Here are a few false economies to avoid. I believe Autumn 2023 will be the start of a financial crisis for many people. As costs of energy and food rising, you may be tempted to…
Are you losing sleep because of mounting debt? Then you need to read this blog and make a plan. There is a way out of this cycle of debt. There is hope.
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 /…
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…
I believe that Baby Step 2 must be the hardest of all! If you need some encouragement, then look no further. Let me be your cheerleader.
Are you looking for a great book on personal finance? Then read this blog to discover my recommendations! Both US and UK based books.
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…
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…
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…
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,…