Fighting Frugal Fatigue
- Created on 10 April 2014
The recent “Debt Free Like Me” webinar brought together three speakers who have each paid off over $100,000 in debt. We heard from a single mom, an entrepreneur who took a risk, and one half of a couple that started their debt free journey in their mid-50’s. Each story was unique and powerful. Each story was inspiring.
After listening to each account, I was reminded of something I did constantly during my debt free journey. I constantly consumed stories from those who’d accomplished what I was then attempting. I loved to hear from those who’d dumped their debt. The success of complete strangers served as an incredible source of motivation during our 7 year process. Who knew I was fighting frugal fatigue?
We’ve done a post on Frugal Fatigue as identified by the National Association of Credit Counseling. It’s basically a scenario which causes your continued motivation for dumping debt to plateau. What’s missing are some tips to fight this phenomenon.
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.