Enslaved by Your Style
- Created on 03 April 2014
“It’s just part of my budget, like keeping the light on,” said Rochelle Milles. “I’ll forgo a lot of things, but not my hair. (Essence magazine article)
Admittedly, we haven’t consistently explored the topic of personal style cut backs on the way to debt freedom. Style choices just seemed too personal to tackle. Truth be told, finances are very personal. Style choices as they relate to dumping debt will no longer receive a pass. A recent exercise in the MISSION POSSIBLE project precipitated this new perspective. How much did you spend on “looking good” expenses last month? Multiply by 12 to get an annual figure. Is it in line with your goals for debt freedom?
Grooming is essential. There are a myriad of professional and personal reasons that require a reasonable appearance. However, as with most items, how much one should spend is debatable. Debt is essentially a modern day form of slavery. Your style choices could actually be contributing to your continued enslavement. Consider the following figures:
Debt Free Like Me - Money Smart Week
- Created on 02 April 2014
The Debt Free Divas are hosting an interactive workshop with 3 fascinating people. Each of them has paid off over $100,000 in debt and lived to tell the story. As part of our Money Smart Week contribution, this online seminar can be attended from any computer near you. The discussion if FREE and our participants will be taking your questions. You're invited to learn from their stories and be inspired.
Register for this FREE event and join us on Tuesday, April 8 @ 7:00 pm CST.
You can find plenty of FREE events on the Money Smart Week website.
5 Debt Free Tips for Single Moms
- Created on 27 March 2014
We received a very interesting post in our private MISSION POSSIBLE group (register here to join) seeking advice for single moms. Dumping debt can be a challenge for all family structures. However, for advice specific to single moms, I turned to the one person I know who has walked the walk and come out on the debt free side of life. Aja Williams paid off $130,000 of debt while raising a magnificent son and she offered the following 5 points that single parents should consider while dumping debt.