Raise your hands if you pretend that you’re living check to check even while having your Emergency Fund or working on it and sinking funds etc... 🙋♀️ I do. I still talk to my friends and family as if I have no savings because I really don’t want to have to say no. Some of them have been in some very tough positions lately and I sent them $$$ within my boundaries without them asking but I almost felt guilty for not sending more since my emergency fund is in tact... but I realized that then I’d be putting my little family unit at risk and so I just sent a small amount. Navigating the emotions of it all is weird because I’ve lived check to check so long that I’ve never really been in the position where I’ve had to say no to someone when I actually had it. 🤷♀️ This post is more like talk therapy than anything because I don’t have the right answer and I don’t believe misleading people is technically right or wrong because money is kinda private?! But again, it’s just a lot to think about the more money I start to see building in my accounts.
Don't fall for these. Signing up for all these tricksy enrollment pay plans will have your #cashflow
overloaded. Gonna #nope
myself outta that one. Build a #real #emergencyfund
to handle #life
New blog post up about our weekend surprise! Don’t forget to subscribe to stay in the loop! ❤️
💲Baby Step Series
Baby Step #1
in Uncle Dave's plan is all about building your "starter" emergency fund 💰! It's gathering $1,000 quickly and once it's piled, it isn't touched except for absolute emergencies. It's a starter #emergencyfund
because you finish it in a later Baby Step. •
Early in our marriage and #debtfree
journey, a really unexpected thing happened with our 2014 stick-shift vehicle 🚗 (the one we eventually sold). The clutch went out!! What?!?! We didn't see that one coming. The repairs were $600. It felt so FREEING to be able to run to the bank and pull out $600 cash 💸 to hand over to the mechanic - with no financial strain in any other area. God is good! •
Baby Step #1
is unique, in that, if you are on Baby Step #2
, for example, and must use some of your emergency fund, Uncle Dave recommends stopping extra money on debts to focus on rebuilding your $1,000 and recompleting Baby Step #1
. That's exactly what we did and have done for other smaller emergencies since then!!
I have been think about this @bossbabe.inc
post all day! This is so true!!!!! Have ever seen stagnant water? Usually it turns colors and starts to smell!!!!! Well, that stagnant water can be our lives if we don’t make changes, work hard at goals, TRY SOMETHING NEW!!!! Now, you don’t have to go all @destinationdebtfreedom
style and start jumping out of airplanes 😂, but you do need to get out of the daily rut!
This is where being debt free is helpful....this is when you can cash flow vacations, take music lessons, try Yoga, play golf.....You name it!!!!
YOU CAN DO IT!!!!!!!!!!
When you’ve got friends who let you shop from their donation pile 😍🙌🏻 Do y’all know how hard it is to find pants that fit well?! Too hard 😂😭
Ya I’d love Italian gelato too but I have a JOB 🤨
So, it was payday last week for my little side gig, and I can’t help but be filled with gratitude!! Just think what an extra $50, $500, or even $5,000 a month could do for you?!?! #payday #girlboss #emergencyfund
A home is not a blessing when you’re struggling to make the Fire insurance payment monthly. One of the sweetest clients, just called in, apologetic that he couldn’t afford the $98 he owes to keep his home insurance active. If he can’t afford that, what’s the chance he’s got $4,000 of the $8,000 it’s going to cost to reroof the house in 6 years? What’s the odds he’s had the pest control company by to check the termite issue that’s starting? What’s the odds that he’s got a few thousand put away for the AC unit that’s going to blow up Saturday when it’s 105 degrees out and his AC hasn’t been serviced this year because the $240 he was quoted was unreasonable for him? This just saddens me listening to the fear in his voice as he can’t pay. I’d love to help him make a budget or sell a few items I’m sure he has laying around the garage to sell but I can’t realistically do this for all the customers I witness in this type of situation. It’s just sad. Long story short, buy a house if you want but be prepared for an Emergency. Have a bit of a back up plan. Bring in a roommate if you have to when your finances get difficult. Sell some stuff around the house if life gets tough. I don’t want to scare you from ever buying a home if it’s what you want, but I do want to inform you of what can happen. #LifeofanInsuranceagent #debtfreecommunity #becareful #Emergencyfund #passionate
I am so over the moon that I have been able to put this together, on top of my regular savings goals. I'm starting to think I should keep going and have a fully funded 6 month emergency fund, just in case. But for now, this will save our backs if the owners decide to sell the house and we have to move at short notice.
#emergencyfund #savingsgoals #budgeting
I'm still here!
Medical bullshit (aka complications from my last surgery) put me back in the hospital. I got out last week and I've been recovering since then. I still have a lot of tests (like this one is pre-CT scan from earlier today) but I hope to be in the clear by July.
As far as my #debtfreejourney
, I drained up my #daveramsey #emergencyfund
for trips to the ER. Thank God I had it. I am fortunate to have pretty good insurance and a gracious job that is giving me time to recover. I know this isn't the case for everyone so I'm feeling blessed. (What a fucked up country we live in that this could bankrupt a lot of us. Call me a socialist but we need universal #healthcare
here in the USA. No other country puts you in the poorhouse for falling sick.) As far as becoming #debtfree
, my #medicalbills
should just put me back a month. So next month, I'm planning to tackle them and my final #creditcard
will have to wait. #snowballmethod
I missed you #debtfreecommunity
! I hope your loan payments are decreasing and decreasing! 🐇 🐇 🐇❤❤❤
M car wouldn’t start this weekend and we were pretty sure it was the battery. We were correct!
Ugh! It sucks to have to dip into the little savings we have, but also thankful we have it for when things happen like this. Otherwise we would be freaking out on how we were going to afford a new one. I also learn to shop around. We found the most reliable and affordable battery at Sam club! #debtfreecommunity #debtfreejourney #murphycametovisit #newbattery #samclub #emergencyfund #savingagain
THE BAD NEWS:
There is very real chatter at work right now about a ‘reorganization’ thru the elimination of programs and people. Yikes. I’m fully preparing myself for the news of being laid off at some point over the next year. It may not happen as I have a decent amount of seniority and currently I officially hold 2 jobs within my company – my home position, and a position I am acting in, so if one job is eliminated I can either go back or stay at the other. If both positions are eliminated then, shit – I’ll be out of a job. I have never been happier about starting our debt free journey as I am right now. We got serious in January of this year and in that time we have paid back over $30,000 in consumer debt and paid off my car ($12,000 – we paid off my car when we sold our house so it didn’t come out of our monthly cash flow). We have just over $6,500 to go until we are debt free and with some extra shifts and side jobs we are on track to have this paid off by the end of July.
THE GOOD NEWS:
. Having our debt paid off means that we can survive on my husband’s income alone (MY MAIN GOAL)
. If I’m laid off my y seniority and union protection means that I will have 6 – 12 months before my last day of work to build up as much money in my emergency fund as possible
. I will get a severance to top off the #emergencyfund
There are so many others at work, for whom this will be a very real crisis but I can sleep at night knowing that if we need to, we will be ready to handle this speed bump without it affecting our kids/family quality of life. Which is ultimately the reason for embarking on this journey in the first place.
Efek mudik lebaran liat sepupu yang sukses manaj keuangan keluarganya tetiba keingetan materi cash buffer & emergency fund waktu ikut Mata Kuliah Manajemen Keuangan di semester III S1 tahun 2007 dan semester II S2 tahun 2012 :D
intinya si financial safety diantaranya terdiri dari cash buffer dan emergency fund ato bisa dibilang juga cash buffer instead of emergency fund. Financial safety ini penting banget buat survive at least memposisikan kurva pada titik bliss. ***
Financial safety baru sebatas cash buffer pada investasi jangka panjang melalui investasi saham dan jangka pendek melalui deposito serta tabungan berjangka. Sedangkan emergency fund masih pake metode klasik dengan perhitungan 3 x pendapatan bruto melalui diversifikasi pada beberapa rekening. Masih harus banyak belajar :D
My anxiety has been at an all time high the last few days (weeks) and I saw this. If you’re feeling doubtful and running scenario after scenario in your head, read Daniel ch 3 and listen to “even if” by @themercyme.
This is my new lock screen on my phone. I can’t control everything but I can control my reaction and choose confidence over fear. Fear and doubt have no place in Gods plan for me and you.
June in review: 💰Paid $3654 in debt bringing us to $9588 since starting our journey in May!
🚗 Took $1800 and put it towards a car josh can flip 💯 Range Rover blew a tire! It’s SO nice having an emergency fund and just be able to call and order a new tire without having to worry if we needed to put it on a credit card or pull a random couple hundred out of the bank account! 💳💉 Credit card and medical debt free
Thank you Dave Ramsey for changing our lives!
Sign me up for the debt free scream please 🗣 cause we’re coming for ya!
#livelikenooneelse #debtfreeisweird #dontbenormal
Here’s some Monday morning mom guilt for ya: My daughter is 1 year old and had $300 in her little savings account we set up for her. Through some bad planning on our part, I had to “borrow” HER money 🤦🏼♀️ now we are fixing our mistake + paying her back with a little extra. My ultimate goal is to put $1000 away for her by each birthday (so by the time she’s 18 she’ll have at least 18k to use for a car, college, or traveling the world) thanks @debtfreecharts
for this handy little chart so I can track the first $500 we put away for her 😊💰 #debtfreecommunity #emergencyfund #kidssavings #debtfree #savingmoney #savingmoneyisfun
I call this masterpiece: why I have an emergency fund. Thankful I wasn’t in the car when it happened! #deductible
I keep finding new debt 😩!! Honestly it’s disheartening when you’re really trying to stay intense about paying it off.
Try something new today, y’all! It may just be the breakthrough you were needing! 🤗
For my non-rowing peeps, that’s me, 3rd from the right, rowing as a starboard for the first time frankly... ever! 😳
I’ve rowed on port side for 8+ years and yesterday instead of chickening out like I usually do when someone asked me to switch sides with them, I took the opportunity to try something new! I figured if I suck too much I’ll just switch right back 🤪
It was challenging but I honestly had a lot of fun with it and best of all—my back wasn’t hurting afterwards!! My coach even said that it fixed some of my issues with my head bobbing around or my hands dropping at the catch, so it was a great experiment for me and I’m going to ask to sit in starboard for the rest of this year because it may help me avoid back pain! 🤓
I gotta keep doing stuff like this; it falls right in line with some of the other things I’ve done this year that have scared the 💩 out of me for far too long!
Sometimes I’m a minimalist purging the crap out of my closet (and life...), but other times, the old Lauren resurfaces with a vengeance and drops $200 in one weekend at the thrift store and @walmart
To be fair, I spent that much on 9 tops, 5 pairs of underwear, 4 dresses, 2 pairs of pants, 2 pairs of shorts, & 1 pair of flats so that’s a lot of stuff imo 😳
Shopping is definitely something I have to be in the mood for so it may seem a little impulsive but I am very picky about what I buy (machine washable fabrics, neutral colors, no whites, etc) and I purged even more from my closet that I’ve outgrown so it’ll all go to great use 🙌🏻
Side note—Walmart didn’t pay me to talk up the #timeandtru
brand in my stories but I’d totally be down if they wanted to 🤪
My first frugal FathersDay ❤️! Dinner at Chills with a couple of drinks 🍸 came out to $49.26! A little on the expensive side 😅 jk but cheaper than what I’d normally spend. Now we’re heading to a movie 🎥 using one of my Christmas gift cards! #HappyFathersDay
Exactly 7 days from now we’ll be sitting in the airport waiting to board our flight😬😎. This trip is cashflowed. We’ve been saving for months. I have to go for school anyway so for me it’s a sunk cost. BUT even though I’ve been to Europe numerous times before, I’m nervous and I don’t feel ready to go yet. Just over here being a ball of nerves but I know it’s gonna be amazing 🙃😅🍕🧀🍦🥂🍷
I saw this quote from @theminimalists
a few weeks ago and it really got me thinking.
I don’t think all collections are because of insecurities. Many of us collect things that we genuinely love, use and appreciate. But I can certainly see the truth in this.
I remember back to my organised hoarding days and how I would hold on to everything. I was living at home, dealing with a difficult father and when I think back on it the reason for holding onto things was clear. I craved control. I was so insecure in what was supposed to be my own comfortable environment.
These days I collect a lot less but I think the same applies. We hold onto things (that have no use and we don’t love) perhaps because we feel insecure or unsettled about something.
says the issue (debt, weight, addiction) is often the symptom and not the cause. I think this may be the same.
Just a reminder that staying in to watch Netflix and cuddle your pets is free 📺😻✨
Why you may ask?? 😬 We’ll FINALLY be in debt payoff mode!! As excited as I am to be going to Italy for 3 weeks...I’m more excited to be done paying for school (and saving for this trip). We’ll be able to go from making my $260 minimum payment to being able to throw $2500 to debt!! And I’m. So. Excited.
• • Saving money may be challenging for some however there are tools that you can begin to implement to jump start the process. • •
A for sure way to save money is to sign up for direct deposit. I would suggest a checking and or savings account that you DO NOT have a debit card to, so, the urge to spend won’t be so easy!
There are percentage(s) that should be deducted from any and every form of income you receive; 1/3 of your paycheck should be for your savings, 1/4 emergency fund, 1/4 for your 6 months of bill payments and other recommendations we have created to PUSH OUR CLIENTS FORWARD!
The TIME IS NOW to be strategic and deliberate about your future. The question should ALWAYS arise before purchasing anything “Is this is a need or a want?” exercise EXCELLENT JUDGMENT the focal point is longevity for you and your family!
Make your money stretch and make your spending make sense!
We are here to make sure there are NO MORE EMERGENCIES that you are not prepared for!
The Ward Group can HELP!
THANK YOU for reading!