Give. Save. Spend.
I can now say those three words are in our vocabulary but it hasn't always been that way. For many years it looked more like:
Spend. Spend. Spend.
Which equated into:
Debt. More debt. And more debt. (details in my Serving Money? chapter)
The main lessons I learned in our journey to being debt free are:
- Short-term suffering leads to long term freedom (vs. short-term pleasure that leads to long term financial suffering)
- Communicating with your spouse about where your money is tough (at first) but is key in getting back on solid ground.
- Budget to dictate where your money is going.
- Spend what you have, not what you are going to have.
- When you pay in cash, you spend less
- Make lists and stick to them.
- I save money when I don't go shopping;-)
- Toss coupons unless it is something on your list that you are needing.
- Using money wisely gives perspective on what truly matters in life.
- There is a lot to do as a couple, and family, that is fun and doesn't require a large budget.
- Giving regularly fuels the soul.
Today I encourage you to...
- Start the conversation. Whether you are single or married, take the first step by acknowledging being debt free is an option.
- Research resources that will help guide you on the path that is best for you (we were guided by Dave Ramsey's Seven Baby Steps)
- Take your first action step in the direction of your intention of being debt free (maybe it is setting a budget, not buying something today, putting money into an emergency fund, etc.) Choose what is best for your plan and DO it.
- For more encouragement visit my finance pinterest page or read my finance related blog posts below.
A few resources from our journey to being debt-free...