OUR DEBT FREE JOURNEY MONTH 12
“Our lives are not shaped by our conditions but by our decisions” – Tony Robbins
OUR DEBT FREE JOURNEY MONTH 6
The rich rule over the poor, and the borrower is slave to the lender. – Prov 22:7 We’re 6 months into our Debt Free Journey and here are our snapshots August’s total debts came out to $120,686, it actually went up from July’s total of $120,099.64, due to losing momentum and succumbing to pressures of spending once again. Needless to say, we had charged up one … Read More
4 WAYS TO ENSURE YOUR FAMILY’S PEACE OF MIND
… AS YOU WORK YOUR DEBT FREE JOURNEY… “Infuse your life with action. Don’t wait for it to happen. Make it happen. Make your own future. Make your own hope. Make your own love. And whatever your beliefs, honor your creator, not by passively waiting for grace to come down from upon high, but by doing what you can to make grace happen… yourself, right now, right down … Read More
OUR DEBT FREE JOURNEY MONTH 4
“You’ve got to tell your money what to do or it will leave” – Dave Ramsey We’re 4 months into our Debt Free Journey and here are our updates June’s total debts came out to $121,701 which was up from May’s total of $120,452; a difference of + $1,249 (wasn’t expecting this jump in the reverse direction though). This is due in part to the school loan … Read More
OUR DEBT FREE JOURNEY MONTH 2
Here’s the 2nd month snapshot of our Debt Free Journey. We initially had a total of $122,306 of combined debts since March 23; we are now down to $120,452 a net reduction of $1,854 (personal loan numbers aren’t shown in mint snapshot since it’s from the bank of Mom). Mar 2017 Apr 2017 Here’s a snapshot … Read More
OUR FIRST MONTH TO DEBT FREE
IT’S BEEN A MONTH SINCE WE STARTED OUR DEBT FREE JOURNEY We initially had a total of $124,695 of combined debts on February 24; we are now down to $122,306, a net reduction of $2,389 (personal loan numbers aren’t shown in mint snapshot since it’s from the bank of Mom). Here’s a snapshot of our Debt Snowball Month 1 This is … Read More
TIPS TO GET STARTED ON YOUR DEBT FREE JOURNEY
Since I got mad with my debt situation I started to imagine what it would be like to be without debt. What would it be like for my family, or any family, to enjoy financial independence, instead of throwing away hard earned money in paying the big banks and credit card companies? Part of that introspection led me to come up with five tips on how myself … Read More
WHAT IS DEBT AND WHY IT’S BAD
DEFINITION According to Merriam Webster’s definition, DEBT is an ‘Obligation’ or something ‘Owed’. It’s an oversimplified definition that in today’s world has lost its true meaning due to big business’ efforts in the last 60 years to make it mainstream, acceptable and ‘normal’. People don’t realize that debt is really an ‘obligation’ that in most cases turn into a great burden. You can’t turn … Read More
THE BEST TOOL FOR KNOCKING DOWN DEBT
WHAT DEBT BUSTING TOOL? What’s the BEST and ONLY tool we can use to get out of debt and have financial security? It’s none other than our INCOME. If it’s tied up with paying down debt, then it will endanger our future and whatever hopes and dreams we may have of enjoying life down the road. I’ve written about some of the steps we took as … Read More
IT’S JUST STUFF.. SELL IT
START SELLING Okay, so one of the strategies highly recommended by a bunch of financial bloggers out there is to ‘SELL YOUR STUFF‘. It’s just STUFF anyway, right? Well, that may be true but if you’re married, your spouse might not think the same way as you. The best thing to do is to sit down along with the budget and the plan and find out … Read More
OUR DEBT REDUCTION PLAN
DAY 1 WAS TO FINALLY PLAN HOW WE WERE GOING TO START We quickly leveraged all the FREE online tools to manage money. Decided to use mint to keep track of our money. Committed to creating and sticking to our budget, for budgeting we used everydollar (the free version) online app, due to ease of use. Our total debt to start was $124,695 (including personal loans with the bank … Read More