Water Storage To The Rescue!

So, the last two months have been a fun challenge in our home. It seemed to me like the planets must have aligned themselves and targeted their craziness directly at our home. We have had a series of circumstances occur over the period of a few weeks that would generally spread themselves out over a few years (or months at least!). From a leaking pipe in our ceiling, to the A/C needing repairs (not once, not twice, but three times), car issues (with both of our cars), to a leak in one of our water pipes in the yard… add to that some personal/family health situations and this crazy drought threatening the foundation of our home, and you’re looking at a perfect storm for insanity. Talk about a strain on already tight finances and a test on the strength of a family bond.

I’m happy to say we were able to come through it all with only minor aches and pains and we still have a smile on our faces. ๐Ÿ˜€ BUT I wanted to share with y’all some of the reasons we were able to get through this Bermuda Triangle with our sanity intact.

Two of the key components to our sanity survival were our food storage supply and our financial savings supply. Without boring you with a lot details, I’ll just say that Hubby and I were fortunate enough to both come into our marriage with a strong belief of living within our means and preparing for a rainy day. And from that, a strong food supply was built up in times of surplus and a healthy savings has always been maintained. So despite the fact that in a regular month without catastrophes our income is just enough to meet our needs, and now in the face of some crazy circumstances to come our way (each of which required a fair amount of money to repair) we were able to use the majority of our grocery money to pay for some of these expenses and still eat really well from just our food supply (supplemented to a small degree with some fresh items from the store), and what our income couldn’t cover, we were at peace knowing there was money set aside for circumstances just such as this. So there’s my plug for getting your food storage and savings!

But the other component that saved my sanity was something really minor, but that I found myself truly grateful for. It was our water supply. After all the events that had happened, the leaking water pipe out in our front yard was the last to occur, and I had about had it with all the ‘things that could go wrong’. We found ourselves without water for a period of 24 hours. No big deal, right? I can go without a shower for 24 hours, and we also have some amazing neighbors who opened their home to us for anything we needed during that time (we love our neighbors!), but it’s always easier to manage a hard time in the comfort of your own home. That being said, no water in the home definitely takes out a bit of the ‘comfort’ factor. ๐Ÿ™‚ Enter our water supply.

You may remember back when we talked about storing water and I mentioned a storage container I had come across and purchased called the Aquatainer. It’s a 7-gallon container that has a water spigot stored on the inside of the cap, so when you need your water, you simply take the spigot out and turn it around and then you’ve got your own little water dispenser. Well, we’ve got about 6 or 7 of these containers and when our water was turned off, we finally had a perfect excuse to put them to use. We placed one at our kitchen sink and one at each bathroom sink as well. This way, whenever we needed to wash hands, or rinse off a dish, water was still right where we expected it to be… with the convenience of turning it off and on like a regular faucet and everything. Like I said, it’s a small thing, but the small amount of ‘normalcy’ it brought to our minorly uncomfortable situation reminded me that in a major crisis, normalcy plays a HUGE factor in how well we manage that crisis. Just the fact of being able to turn water on and off at a sink, helped me to feel like the situation was not bad at all. Yes, we still had to lug pitchers of water into the house (again, thanks to our wonderful neighbors letting us use their water hoses) any time we needed to flush a toilet, and yes, life was still a little inconvenienced. But really, I was grateful for the small things that helped to keep us sane and see us through. {Other small tips: We also kept hand sanitizer and baby wipes by each water dispenser to help conserve the water. And we could have set up a portable potty, but knowing this was only a short term problem, I definitely preferred NOT to do that. :)}

I won’t lie and say the past two months haven’t been stressful, because let’s face it… when it feels like the forces of evil have combined against you, it can be a little stressful. ๐Ÿ™‚ But because we had taken the time and made the effort to prepare in advance, it has definitely been manageable. And we probably came out of it all a little stronger as well. ๐Ÿ™‚

SO! Who wants to get prepared?!?! (I do. I do!) ๐Ÿ™‚ Well get to it!
{Oh, and on a side note about those water containers… when I bought them, I got them at Walmart for around $7, but later when I looked online they were like $18 or something (?!?!?!). (Same story at other places that carried them online. ) Well anyway, I was at Walmart again just the other day and happened to be in the camping section and saw the containers there again, and they were at the $7 price again. I don’t know if that price is only in the stores or maybe an off-season price or something (??) but may I suggest that you check into those containers. They really are super handy, so if you can find them at a good price I highly recommend them. Like I said, we had one at each sink, which was really nice, so I’d recommend getting at least enough to cover those bases. Hubby also likes to take them on scouting campouts because, again, they’re very convenient.}

Anyway, good luck in all your preparedness efforts!! Loves!


Financial Preparedness: Wanna Buy A House?

Hey y’all! Happy Thursday! Well, it’s summertime (and if you live in Texas, it’s been summertime for a while now)… the kids are getting out of school, the weather is nice, families are going on vacations. It’s a great time of year. And generally speaking in the real estate world, this is also a great time to buy a house. So whether you are thinking of being a first-time home buyer, or you’re just looking to relocate or move to something more affordable, here are some tips to consider (suggested by Dave Ramsey) when you’re wanting to buy a home:

  1. Can you make at least a 20% down payment? (20% down usually means you do not have to have mortgage insurance as well.)
  2. Can you afford a 15-year fixed rate loan? (Do not go for a 30-year loan and do NOT do an adjustable rate mortgage with the expectation that you’ll sell the house before the higher rates kick in.)
  3. Would the monthly payments be at or below 25% of your monthly take-home pay? (So if you bring home $3000/month (net), your monthly payment would be no higher than $750. If you bring home $10,000/month, your monthly payment could be up to $2500.)

If you can answer yes to all three of those questions, then buying a home may be the right move for you. If not, you may want to wait for that dream purchase. Buying a house is a big responsibility and you do not want to sink yourself before you ever have a chance to swim. Be smart in your purchasing and you will have joy and peace in your happy home.

Happy Prepping!

Financial Prep: Budgeting With Cash Envelopes

After last weeks’ post on starting a budget, I got a comment from a reader who was frustrated that her ‘once good budgeting habits’ had started to slide and she didn’t really know how to get back on track. Her main complaint was essentially that although she does a good job of starting the month on a budget and estimating her expenses, she has not been able to stay on top of tracking where all the money goes-making it hard to determine if she’s overspending in certain categories, etc. She used to be able to enter all her receipts into a spreadsheet and track all expenditures in all budget categories, but now she’s gotten behind and catching up seems impossible.ย The advice I gave her was that ‘you’ve gotta do what works for you’. If life gets so busy that there isn’t time to keep up with a detailed system anymore, then change the system. It may not be elaborate or ideal, but if it keeps your spending in line then it works. And bottom line, that’s the purpose of a budget.

The system I have found that has been working for me (with a small amount of tweaking) is the Cash Envelope System. It’s not detailed*, it doesn’t track everything I spend my money on, but it does let me know how much I’ve spent and how much I have left to spend in my various budgeted categories AND it’s easy. Those were the two most important factors for me: keep me on budget and keep it simple. I don’t have time for ‘complicated’ right now. ๐Ÿ™‚
{*Note: There are many different techniques you can use with the Cash Envelope System. You can make this as detailed or non-detailed as you would like. I prefer non-detailed because that’s what I can handle right now, but you can also get detailed down to the last penny spent by tracking all your purchases on a budget form, or in a software program or whatever you like. The point is that with using cash, you can only spend what’s there, so it prevents you from overspending.}

Now, in order for the cash envelope system to work, you actually have to have a budget in place. (If you still need help doing this, see last week’s post on ‘How to Start a Budget‘.) You have to know your total income, your fixed expenses (aka bills), and how much you have leftover to spend on other expenses. Once you’ve got that figured out, that’s when the fun begins. ๐Ÿ™‚

So here’s the basic principle of the Cash Envelope System: 1) you make an envelope for every category in your budget; 2) you withdraw the amount of cash needed for each category from your checking account at the beginning of the month (after you’ve worked your budget for the month); 3) you place the appropriate amount of cash in each category’s envelope; 4) and then that is the money you use for the month. You get rid of your debit and credit cards (or at least hide them away somewhere) and work on strictly a cash basis. And that’s it!

Now, if you were to be totally true to the Cash Envelope System (Dave Ramsey style), you would cut up your credit cards and pay even all your fixed expenses each month with cash, check, or at the most a debit card. But as I’ve mentioned before, I go a little rogue on the Ramsey philosophy when it comes to the credit card. I have definitely trimmed back my use of it, but I haven’t cut it out of the picture all together. I still use my credit card to pay as many of my fixed expenses as I can, and then I simply pay the credit card off each month. (And of course, the money that goes onto the card was budgeted for at the beginning of the month!) The reason I personally choose to do this is because I have a great rewards program on my card and so I save up those rewards points and then use them to buy gifts at birthday time and Christmas time. That way I don’t feel so much of a pinch on the pursestrings around the holidays. (Yup, I can earn enough to do that just from paying my bills with the credit card.)ย I have, however, tried to steer clear of using my card for anything else though. Hm… with the exception of medical bills… I pay those on it too. (You bet I want the rewards for a $3000 payment!) ๐Ÿ˜‰ My basic philosophy is, if I have to pay it, I at least want to get some rewards for it. But I will admit I’ve realized that by switching to strictly cash for grocery shopping, household shopping, and even gas, I have cut back on my spending. I wouldn’t have thought it, but it’s true. But I’m getting off track here. Back to the envelopes…

Switching to a cash envelope system should be pretty easy if you’ve already got budget categories in place. As I mentioned last week, outside of my fixed bills I only have two categories now and only two envelopes to go with them: gas and household. This is because I started off with several categories, and I had envelopes for each week of the month, but it was getting pretty complicated trying to keep straight what envelope different purchases were supposed to come from. Especially if you shop at a place like Walmart where you can do some grocery shopping combined with household shopping combined with entertainment (if you buy a DVD or something) all in the same store. Which envelope do I take the money out of to pay for that? And then does that mean I have to sit at home and review my receipt to take money out of other envelopes to ‘pay back’ the envelope I used at the store? See? We’re getting complicated again. I don’t do complicated right now. But if you are better than me at following your money, then by all means, it can definitely be more effective to have multiple categories in order to keep track of your money and make sure you’re not spending recklessly.

Oh, and one thing to consider… it may not be the best idea to carry around HUGE amounts of cash at all times. So if you have a lot of money in your envelopes, you may want to keep them at home and then only take out how much you anticipate needing on any given trip. This also helps protect against overspending when you see an impulse buy and are tempted to give in. (Been there. Was just there last night. Gave in because I had the cash on hand. Ugh.) ๐Ÿ™‚

Anyway, if I happen to have any money left over at the end of the month, I keep a jar that I can put the cash into that goes toward something I want to save up for… like a new crafting toy, new clothes, or whatever strikes my fancy. ๐Ÿ™‚ Or I can put it back into my checking or savings account to be there for any unexpected expenses that may pop up.

As you can see, it’s a pretty simple system. I didn’t think I would really like it when I started it, but I’ve really come to appreciate the simplicity of it. I feel like I’ve gone back to something wholesome and true when I pay with cash versus a card that represents invisible money. I like it. And I definitely like the effect it has been having on my spending habits. Try it. I bet you’ll like it too!

Financial Prep: How To Start A Budget

Bragging moment: I’ve always been decently good with handling finances. Numbers and self-imposed limits have always come rather easy to me. So living within my means was never a big issue in my life and I never really felt the need to carefully watch my spending. Of course, that seemed to be more at a time when my needs and wants fit well within my income. Now, with two kids and more expenses and a decreased income, the boxing gloves have had to come off and I’ve had to sit down and actually figure out how to live on a “budget”.

Probably the biggest thing that helped to prepare me for this was the fact that I’d recently read Dave Ramsey’s ‘The Total Money Makeover’ (which I highly recommend to everyone– budget or no budget). Having a better sense of how to handle money and a desire to make sure debt stayed out of the picture, I was able to look at budgeting with a positive attitude instead of a negative one. Attitude is a big key to the success or failure of your budgeting plan. So first off, do whatever it takes to get a positive outlook on your situation. Don’t resent where you are, just acknowledge your situation and be determined to master it.

Then it’s time to start looking at the numbers. I’ve found it easiest for me to work with my budget on a month to month basis, but this may vary for others depending on how often you are paid (biweekly, bimonthly, monthly, etc.) and other circumstances. You may find that doing a budget for every week is better for you, or for longer periods of time. I will write this process in a monthly format, but it can easily be adjusted to your situation.

Step 1: So first, I started by creating a list of my mandatory expenses. ALL of them. For the whole year. This included monthly expenses such as mortgage, household bills (electricity, water, gas, etc), health insurance, as well as annual or bi-annual expenses such as property taxes, auto insurance, home insurance, auto registrations, etc. If it’s a regular bill and something I have to pay throughout the year, it’s included. These are the fixed expenses. There are also variable expenses (such as groceries, gas, entertainment, gifts, etc) that we’ll talk about in a bit, but let’s leave those aside for now.

Once the list is made, put it all in a monthly format (or whatever frequency you are using). So for my bills that are already paid on a monthly basis, I just left those alone. But for my annual/bi-annual bills, I divided those by 12 (or 6 for bi-annual) to figure out how much that bill worked out to for each month (as though I were going to pay part of it each month instead of once or twice a year).

Step 2: Now we figure our total monthly income. This is easy if you have a set income that comes in every pay period. However, many jobs (including Hubby’s) vary a bit each month. This threw me off at first because I set up our budget under the assumption that every paycheck would be the same. However when I learned that we were paid bi-monthly instead of bi-weekly, our numbers got all thrown off. So I had to start again. Just one of the joys of budgeting. ๐Ÿ™‚ So anyway, figure out how much money you have coming in each month. There may be multiple sources of income, small amounts here and there, ย just be sure to account for it all. (Side note: Something I have started doing is using the income total from the previous month to be the amount of money I have to work with for the upcoming month. This is so that I know exactly how much money I am dealing with instead of trying to guess the exact amount that will come in.)

And now we do the math.

Step 3: Add up your total expenses for the month and your total income. If your expenses are less than your income, then you’re doing good so far. If your expenses are already higher than your income, then something is going to have to change. Fast. Because we haven’t even bought groceries yet! So hopefully you’re still good at this point. I will continue on in the assumption that you are.

The amount of income that remains leftover after paying the fixed expenses is what will be used to fund our variable expenses. And since we are not going into debt for any expenses, when the money is gone, the money is gone. So we have to use this money wisely!

Step 4: So according to your family’s needs, divide the remaining income into the expenses you still have for the month. For us this includes: groceries, gas, diapers, household supplies (cleaning supplies, laundry, etc.), clothing, gifts, etc. Dave Ramsey recommends having a certain amount allocated to each category. I tried this initially and felt like it was micromanaging my money a bit too much and I was getting annoyed/frustrated with it and starting to give up on my good budgeting habits. So what I’ve recently started doing instead is dividing the money into only two categories: gas and household. Hubby and I each get a certain amount for gas for our cars, and then the rest just goes to the family’s needs–whatever they may be that month. This works for us because we’re pretty thrifty anyway, but if you find that your budget is still hard to control that way, you may want to break yours down into smaller categories. And then remember: when the money is gone, it’s gone! You simply learn to say, “we can’t afford it” or “we don’t have the money for that right now”. Discipline is the only way you will be able to stick to your budget and stay out of debt!

Okay, so I know this is already super long, but let me give an example scenario in case that was just a bunch of confusing mumbo jumbo to anyone:

So, Johnny wants to get on a budget. First he lists all his fixed expenses. He has a $600 mortgage (clearly he lives in Texas!) :), his electric bill varies through the year but he calculates that on average it is $200/month, the gas bill (for the home) averages $50/month, health insurance is $400/month, tv/phone/internet is $150/month, he doesn’t have a car payment because he got out of debt on that, and yearly he pays $2800 in property taxes, $3000 in home and car insurance, and $200 in vehicle registrations.

He needs to figure out how much each month his yearly bills (taxes, insurance, auto registrations) work out to be, so he adds those together (to get $6000) and then divides that by the 12 months of the year. This works out to be $500/month.

Now Johnny adds up his income. He uses last month’s income to pay for this month’s expenses. So he calculates that last month he made $3000.

Now doing the math, Johnny takes the $3000 income from last month and subtracts this months fixed expenses (starting with tithing, of course!). S0 we have $3000 minus $300 (tithing), $600 mortgage, $200, $50, $400, and $150 (a total of $1700). This leaves $1300. Now he also subtracts the $500/month that he needs for his yearly bills and puts that away into a savings account that is set aside specifically for that purpose. (And then on any given month when Johnny has to pay for one of those yearly bills, he simply pulls the needed amount out of that savings account to pay for it.)ย This leaves $800 for the month. This is what is left over for his monthly variable expenses. So he divides that $800 and gives himself $250 for gas for his car, $350 for groceries and household supplies, $50 for clothes and entertainment, $50 for extra expenses (such as oil changes on the car, gifts, etc.), ย and the rest ($100) gets put into either a savings account, ย or mutual fund for retirement. {Of course, if Johnny had any debt he was still working on paying off, he would tighten his expenses–maybe get rid of the tv bill, cut down on grocery bills, and cut the clothing/entertainment by 90%– and pay all the leftover to snowballing his debts.}

Tada! A successful budget. Clearly Johnny’s expenses are not quite a ‘real life’ list of expenses. There are always so many more. But you get the idea. And then you start again next month with a new income number and new expenses and a new determination to keep your budget in check and live within your means! ๐Ÿ™‚

Yes, it’s an ongoing process and certainly not always the easiest thing to do, but I promise that it gets easier the more you learn where your pitfalls are and correct them and the more you stick to it.

Good luck and best wishes!

P.S. Here are some other good articles you can read on the topic if you’d like:

Financial Preparedness: Step 4: Pay Off The House!

Well here we are at Step 4 of our Total Money Makeover. (If you missed the previous steps, you can find them here: Step 1; Step 2; and Step 3). So far we have built a small emergency fund, attacked our debt with the debt snowball, and then built our larger 3 to 6 month emergency fund as well. Now it is time for Step 4: Pay Off The House!

This step in my total money makeover, is where I deviate from Dave Ramsey in his steps to a total money makeover. If we were following his steps exactly, this part wouldn’t come until step 6 (after investing for retirement and saving for the kids college). The reason for my deviation is twofold:

  1. I don’t believe our economy is strong enough to sustain our dollar for much longer and I want to be completely debt free before the ‘poop hits the fan’. I believe my money will serve me a lot better by paying off the house and allowing me to be financially self-reliant than by sitting in a very fragile stock market *hoping* that it will make some money instead of crashing (which I’m betting will happen again soon).
  2. I’m taking my order of priority from a different source. I am choosing to listen to the counsel of spiritual leaders who have repeatedly told us to get out of debt and live within our means. Based on that, I do not feel it is appropriate to keep myself in debt simply so that I can work on giving my kids a free ride through college (they can definitely work their way through if need be!) nor to give myself a cushy future. I can work my way through life if need be too! It is more important to me to work on ridding myself of any debt so that I am not beholden to anyone. Then I can work on securing a cushy future for my children and myself.

So now that all other debts are paid and we’ve got a little nest egg set aside to save us on those rainy days, any extra money at this point goes to paying off the house! Let’s get rid of that mortgage!!

A few things to consider to move this process along:

  1. Would it be wise to refinance? There are some super low interest rates available right now that may make refinancing a wise decision. Just remember that it costs money to refinance (they add the cost back into your total home mortgage amount), so make sure that you’re saving enough to counterbalance the costs of refinancing. We refinanced a few years back and figured we would need to live in our house for at least 5 years in order to make that money back (which we anticipated doing). So make sure you weigh the costs versus the benefits.
  2. Pay something extra each month. Try getting in the habit of adding an extra principle payment each month. It could be $10 or $1000. But the habit of adding extra principle will help to keep your goal fresh, keep your motivation up, and it will keep you aware of the progress you are making. I do not have my monthly payments set to auto-draft from my checking account because I want to have to think about this payment each month. I want to remember that it is my goal to pay off this debt and then I can add any extra payments for that month that I am able.
  3. There may be some whose home mortgage is crazy out of reach. Perhaps ‘we’ weren’t quite in our best financial state of mind when we purchased a mansion on a teacher’s salary (no, I didn’t do this… I’m just sayin!). Perhaps we bit off a bit more than we could chew. For those in that situation, it would be wise to refocus and start again. Sell the house, and buy one that is affordable. Yes, it is hard to sell a house in this economy. Yes, you will likely take a hit on your home. But it still may be the best thing to do (again, this is for if you are wildly out of your league). Talk with a financial advisor to find the best option for you. Your monthly home mortgage payments should not be more than 25% of your monthly take home pay (not your gross pay, but your net pay).
  4. OR, if you’re feeling REALLY ambitious about having no debt, sell your house, move into a rental property and then just SAVE until you can pay CASH for a home! (You may even be able to pay cash for a home right NOW if you were to downsize!) Remember, your first home does not have to be your dream home. It just needs to be something affordable. And as you save more and more, you will eventually be able to move up to your dream home.

Remember the financial golden rule: If you will live like no one else, then later you can live like no one else! Make the sacrifices needed now so that you can enjoy wonderful financial freedom in the years to come!
Good Luck and Happy Savings!

Financial Preparedness: Step 3: Build Your Savings

Hey y’all… how’s it going with our Dave Ramsey ‘Total Money Makeover’ steps to financial freedom? Well, once you’ve got your Emergency Fund established, and then you tackle all of your debt with the Debt Snowball, then it’s time for the next step.

Step 3: Build a 3 to 6 Month Savings

So, if you’re working on this step now, that means you have gotten yourself out of debt (perhaps with the exception of your home)! How does it feel??! Well, don’t get lax with your spending habits just yet. Stay focused a little longer. This step should be fairly easy to accomplish now that you are out of debt because all of the money that went to your debts can now go straight to your savings.
You will want to save enough money to cover 3 to 6 months of your daily living expenses. This savings is a safety net for when tough times come. It helps protect you in case of unemployment, large medical expenses, or other out of the ordinary troubles. As Dave explains it, it’s “a buffer between you and life”.
Just like the $1000 Emergency Fund, you will want to keep this money in a fairly liquid form. This money is not for investing. It is for emergencies. So keep it in an easily accessible form (i.e. a savings account). Having this money set aside for a rainy day will bring you peace and comfort you cannot otherwise imagine.
I cannot tell you how much it helped to relieve stress when my heart condition was discovered and knowing I was going to have major surgery that I didn’t have to worry whether we would be able to pay our medical bills (this was also because we had adequate health insurance). Knowing we had that safety net in place allowed me to focus on other more important things and not have to stress about the finances. What a blessing. This ‘buffer’ has also saved us through different periods of unemployment and continues to serve as an anxiety buster any time one of life’s Murphy’s shows up at our door. It is truly a blessing that I would not want to do without.

Financial Preparedness: Step 2: The Debt Snowball

Okay, considering the current state of affairs with our economy and the world, I don’t want to drag my feet in getting through the Dave Ramsey steps to financial freedom. We’ve already covered Step 1: Getting an Emergency Fund, and hopefully you’ve had a chance to work on that and get that done. So let’sย move on to the next step… GETTING OUT OF DEBT! (Wahoo!!)

Step 2: Paying Off All Debt Using The Debt Snowball

Here’s how it works. Start off by listing every single debt you have (excluding your house) in order of smallest balance to largest balance. Cars, credit cards, medical bills, personal loans, etc. List them all. Do not worry about which ones have higher or lower interest rates unless there are two balances that are the same (in the which case, list the one with the higher interest rate first). Otherwise, we’re strictly looking at balance amounts.

Here is a form you can use to help organize your process:
The Debt Snowball Plan Form

Why lowest to highest balance? (I know you math wizards out there are thinking it would make more sense to go by the interest rate instead of the balance.) Well, because as Dave Ramsey points out, getting out of debt is not always about numbers. It’s about attitude and motivation as well. As you start knocking out your smaller debts, you will get more pumped and motivated to continue in your efforts. By getting some quick returns on your efforts, you are MUCH more likely to stay focused on reaching the end goals.ย This is as much a psychological battle as it is a financial battle. So don’t doubt the system. Know that it is a PROVEN METHOD and just go with it!

Okay, once you’ve got all your debts listed from smallest to largest, list your minimum monthly payments (the amount you’re required to pay each month) for each one.

And now the fun begins.

Okay, now you know exactly what you owe and exactly what you have to pay each month. And every month you are going to pay the bare minimum on all of your debts except for the first one on your list. The first debt on your list you are going to ATTACK! ย You are declaring WAR!
Find every spare penny you can in your home. Start selling things on craigslist or ebay. Have a yard sale. Reduce your monthly bills. Cut the cable. Get rid of your cell phones (or land phone). Get a second job. FIND ANY WAY YOU CAN (ethically and legally of course!) to get extra money in your hands and put it ALL to that first debt. ATTACK! FIGHT! THIS IS WAR!
And guess what? You will be AMAZED at how quickly that debt will be vanquished! SUCCESS! You’ve done it!
Now, with that same intensity, attack the second debt on your list! And the bonus? Now you have all that extra money from the first debt that can now be applied to your second debt! So if you were paying $150/month to your first debt bill and only $30 to your second debt (because that was the minimum payment), you can now add $150 to your $30 to get a new monthly payment of $180/month for your second debt. Do you see how the snowball has already started? And before you know it, that second debt is history as well!
And when the second debt is paid off, you add that $180/month to your third debt on the list. And it just gets going faster and faster with every debt that is paid off!
It will honestly amaze you how quickly you can actually pay your debt off if you focus and dedicate yourself to it. Dave estimates that it takes the average person who uses this method about 18 months to get completely out of debt (besides the house). That’s amazing!!! FINANCIAL FREEDOM IS IN YOUR REACH!! YOU CAN DO IT!!!! So go get to it!!! ๐Ÿ˜€

Good Luck, Best Wishes and Happy Prepping!! ๐Ÿ˜€