Taking a Break – Adopt US Kids Campaign and PSA
- Created on 17 December 2014
I’m taking a blogging break from focusing on all things as they relate to money. Not blogging itself.
I have a wonderful chance to share some information about a topic that’s near to my heart – adoption. I haven’t talked about my journey through infertility on this blog, mainly because it doesn’t seem to fit. However, that 10 year journey is a huge part of why the Debt Free Divas blog exists.
Make Hard Choices to Dump Debt Faster
- Created on 15 December 2014
We talk a lot about cutting back. It’s easy to talk about cutting frivolous spending or things of no real consequence.
Well…sometimes it’s easy.
You will live without cable, gourmet coffee, or clothing upgrades. You will, trust me.
Unless your debt is small or your income is large, you’ll likely need to make hard choices in order to make significant headway dumping debt and pursing a debt free lifestyle.
BIG debt requires BIG decisions. What are you willing to sacrifice in the short term, so that you can win financially? The following is a representative list - a good place to start when exploring the hard choices necessary for financial growth.
Debt Free At 61 - Never Too Late To Begin
- Created on 12 December 2014
Dallas native, Elizabeth Amerine, holds a Ph.D. in Neuropsychology (the study of the relationship between behavior, emotion, and cognition on the one hand, and brain function on the other - I had to look it up). How does such a smart lady end up at 72 years old still owing $185,000 in student loans from a degree earned 30 years earlier???
Life doesn't always work out as we plan.
Career options and thus income didn't pan out as expected. After years of interest and penalties, her initial loan of $50,000 ballooned to $185,000. She continues working to afford the payments and doesn't expect to ever be debt free in her lifetime.
Americans Blowing Budgets on Food
- Created on 10 December 2014
A MarketWatch article cites a recent Principal Financial group survey of 1200 respondents and their food related budget woes. I don't remember from Statistics why 1200 people makes a national trend, but the results are interesting anyway.
A huge group found eating related activities wreaked the most havoc on 2014 budgets. 40% to be exact. The largest breakdown (22%) found dining out to be the #1 cause of going off-budget this year.
Variable expenses are tricky. They require planning and discipline to manage effectively. Assuming you are already creating a specific budget each month (or pay period), reigning in menu-based variable expenses is easier with the following approaches:
New Year, New You - Share Your Debt Free Journey (All Phases Welcome)
- Created on 08 December 2014
I've been noodling this project for some time. I love hearing progress updates and encouraging #teamdebtfree in your pursuit of debt free living.
In the past, the Debt Free Divas have highlighted people who've already accomplished debt freedom (either consumer debt only or including the mortgage). That's wonderful. I love it. We'll continue to do it. Those stories spread hope. However, there's also value in hearing from those currently in the trenches as well.
Recently, one of our faithful contributors shared her in progress story of working towards a debt free goal as a single mom. She has dumped $150,000 in debt so far and is well on her way to be debt free in 2015. Her in progress story inspired people all over the country. People she'll probably never meet. She's giving hope simply because she dares to share.
How to be a DIY Bride and Host a Fabulous Wedding
- Created on 06 December 2014
The Knot.com released their annual, all-things-wedding survey and I was blown away by the average wedding costs for 2013 (from 13,000 bridal respondents).
The average spent on a wedding in 2013 was just under $30,000. No?
If you believe the Knot.
It doesn't stop there. Drilling down into the data, you'll find that Manhattan, NY is the most expensive place to wed; topping the charts at $86,000. This doesn't include the honeymoon. The breakdown includes expenses like:
- $1200 on wedding dresses
- $1,100 on the rehearsal dinner
- $5,500 on the ring
Of the top five most expensive places to tie the knot, my fair city - Chicago - earned the #4 spot (only $48,000).
I wonder...are the parents of the bride still paying for all of this?
Dumping Debt As a Family @ Enchanted Homeschooling Mom
- Created on 03 December 2014
I recently had a fabulous opportunity to talk about dumping debt (a favorite topic of choice) over at the Enchanted Homeschooling Mom blog. Jill is the author and creator of a home schooling, members only community designed to connect families with resources and support during their adventures with a non traditional educational approach. That community is growing and I was honored to share my thoughts on making debt elimination a family affair.
Pop over to find my 5 reasons families should and can attack debt together. The process is challenging enough. Having a team on the same page can smooth out the rough edges.
I also provide practical action items to make it happen. Leave a comment and let her know you stopped by!