Now that you have placed your debt in increasing order, lowered your bills and placed all saved and newly found cash on the lowest debt, you can turn your attention to the envelope system. Learning to save a few bucks a month will prevent a birthday party from throwing you into financial ruin for a month. Since we have followed this method for nearly a year, we now have savings for things that we never thought we would. We can't tell you how much to place in each envelope but, I have listed our amounts that we save per month. Often Forgotten and Yet 'Fun' Spending: Auto Repairs $30.00 Auto licenses and tab renewal/taxes $10.00 Medical Bills $10.00 Vitamins $60.00 Dentist/Doctors $0 Restaurants $20.00 Clothing $20.00 Transportation (gas) $120.00 Drinks (coffee, beers after work and smoothies) $10.00 ...
Did you know that summer effects our wallets more that the rest of the year? Welcome to the second half of a two part series of how to save money over the 100 Days of Summer. 4.) Entertainment costs rather on vacation or right in your own town can really put a damper on your summer cash. There are plenty of free festivals around. Visit them on a full stomach and a backpack full of half frozen water, juice and snacks. Go will a preset purchase amount in cash and that should keep you on tack. If you are visiting attractions such as an amusement park that requires an entrance fee, check their website for free or discounted days. Traveling with a medium size family of 5 or 6? Go with another family because many discounts begin at 10 people. No matter if you drink Pepsi or Coca-Cola or not, local area attractions partner with them to offer discounts. Pour the coke down the sink if you have to, but save $20 on your next family event! 5.) Nothing says Summer like a cool and refreshi...
We have fun news! Drum roll please...... We paid off our car! And we paid it off 18 month early!! We have freed up $330 a month for the next debt in our snowball! It was such a freeing feeling pressing the Pay Now button. We worked so hard to pay off the car and it took us a couple months. We have been working overtime and two jobs for nearly a year. I would have to say that it was anticlimactic when we paid it. I thought perhaps the website would have falling confetti or a happy face, but it just simply said Thank You. It shows how much they care for our money. It was very important for us to be debt free and this was the last piece before our massive student loans. I encourage you to take a second look at your car payments. It doesn't matter if you are buying or leasing your vehicles, you must have better plans for that money than to give it to credit company. We certainly have great plans for that money. We are still saving for our final adoption fees. Do you need a h...
Comments
Post a Comment