The Great Debt Dump - Get Your Free Copy Today
- Created on 07 June 2015
I'm running a 5-day promotion on Amazon for my new book, The Great Debt Dump.
Download your FREE Kindle version through Thursday, June 11.
If you find it helpful, please leave a review on Amazon. Every piece of feedback helps. Thanks!
Affordable Travel Tips for A Week at the Beach
- Created on 06 June 2015
We all make choices which will impact the speed at which we emerge from debt.
One choice we consciously made was to continue traveling even though we were facing a mountain of debt. This decision likely impacted the time it took us - over 7 years - to dump debt.
However, looking back, I don't regret our approach. We did make a few key changes:
- All travel was paid for in cash.
- We cut costs by visiting friends or family (and staying with them), splitting a condo with a group, or cooking most meals.
Often our travel was to see friends or family, so hotel and car rental expenses were minimal.
Dumping debt doesn't have to be a miserable experience.
The Power of Community - A Great Conversation Begins
- Created on 03 June 2015
I've been talking more recently about the Power of Community.
For one, I'm convinced that two heads are mostly better than one. We may be sharp as individuals, but add three or four to the mix, you can really work some things out. Generally speaking.
Two - because I'm feverishly looking forward to the release of my new book - The Great Debt Dump.
I've given some advanced copies away, and the most thoughtful reviews are filtering in.
One in particular really challenged book's premise; that dumping debt is more effective with a group.
The reviewer didn't challenge it from a place of disagreement, but more a different perspective. Who wants to share your "dirty laundry" with friends and family?
I submit that's exactly what we need to do!
Should I Stop Retirement Saving to Dump Debt?
- Created on 01 June 2015
This is a question I've received in several settings recently. It's a good question and deserves a good answer.
Let's take this apart.
Before we start, I need to make it clear that I am not a financial adviser and everyone's situation is specific. To fully answer this question, please consult a certified financial planner.
Even with advice from a professional, you should still have enough information to ultimately make the best decision for your family.
While I wouldn't pretend to believe I can tell everyone what's best (remember, a one-sized solution does not exist in personal finances), I can tell you what WE did.
Financially Savvy Saturdays #92
- Created on 28 May 2015
Welcome to Financially Savvy Saturdays, the savviest personal finance blog hop on the planet, created specifically for personal finance writers! We welcome all things money here. Whether you've written anything from which new personal finance podcast is worth a listen to money saving kitchen DIYs, you're invited to link-up.
If it ties into personal finance, we want to read it!
6 Steps to Becoming a Better Money Manager
- Created on 27 May 2015
In September of 2014, I started tracking my discretionary income and doing my monthly zero based budget. Prior to that, whatever was left over after I paid my bills and debt, it just disappeared. I'd been attacking my debt since around 2006, but it just wasn't systematic.
After I did my monthly zero based budget, I applied it and stuck with it. Using the envelope system and shopping with cash for various expenses (groceries, gas, dining out, entertainment, miscellaneous, etc.) helped me to stay on track.
Before I became debt free on March 13, 2015 after repaying $180,000 in debt, there were some things I had to overcome in order to have financial peace and get through my financial struggles.
$20 Date Night Challenge - Nailed It!
- Created on 25 May 2015
I first heard the idea during her Money Smart Week presentation (available in the Master Your Money Recap) as she laid out practical tips for couples working to fix their finances and build wealth.
Often, the belt tightening associated with redirecting excess funds toward debt repayment or savings can put a crimp in socializing. It doesn't have to.
This challenge encourages us to use a little planning and a smidgen of creativity to come up with budget-friendly ways to rock an outing.