It’s that SERIOUS

Money. Debt. Budget.

Fights. Marriage. Communication.

If you think money can’t cause problems, you are WRONG. I heard somewhere that money is the root to all evil. Ok maybe not all evil, but money issues bring out a lot of other issues. Money causes fighting in marriages. Marriages dissolve over communication issues, money issues & debt all the time. Yes I know there are other reasons that cause marriages to end, but I am not talking about those. I am talking strictly about money.

I have been there. I know how money, or lack there of, can cause tension in a relationship. Tension that my children do not need to experience. That is why being on the same page as your partner when it comes to money is important. It’s that serious. Serious enough to sit down and take a really good, hard look at what is coming in and going out.

In my relationship, I take care of all bills. Ironically I am also the reason we are in debt.

Yes I said it. I am the reason.

I have said it before. I like to shop. I like to eat out. I like to spend money.

What I don’t like is the debt we have.

Let me explain why I say I am the reason we are in debt. In 2013 I was pregnant. We both had good paying jobs and ZERO consumer debt, just student loans. This was in part of filing bankruptcy in 2009. Back to 2013, I am four months along, working full time night shift. My husband comes home and says he got laid off. No problem, he will get unemployment, we had a few thousand saved up for my maternity leave (to cover what disability wouldn’t)  and we could afford to get by while he looked for another job. What we didn’t expect was for it to take him seven months to find another job. Seven long month making about $900 a month on unemployment. Meaning that we were dipping into our savings for my maternity leave. So we opened a credit card. Then another, Ect Ect Ect. You see where I am going with this? This is how it happened. This is why we are in debt again. Because it was my idea. My idea to use credit as a cushion. He didn’t say no. Our lifestyle did not change with his job loss. It should have, but it didn’t. Had we stayed debt free, built up our savings, we wouldn’t be in the position we are now.

But we are. And we are committed to getting out of it.

It’s that serious.

This can happen to anyone. This can happen to us again! This can happen to you!

Getting and staying out of debt is that serious!

Building up an emergency fund is that serious!

Saving for retirement is that serious!

Being able to take care of yourself and your family is that serious!

Is it serious enough for you to change? Because it is for me.

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Side Hustle

One of the big things that Dave Ramsey talks about is income. It’s huge, because obviously you need money to live. But when I listen to Daves podcasts or get the chance to watch him live on his YouTube channel, he always has someone calling in with an income problem. Usually it’s a lack of income that’s preventing financial peace. For us it’s a combo of income problem but also a budget problem. I have said it before, I am a spender. Usually it’s on food of some sort but still spending. I am getting better on that though. But it’s also an income problem.

Let me back up a minute. We have decent jobs with decent pay. I work as a CNA in a hospital and the Hubs works in a warehouse for medical supplies. If we had no debt, we would be just fine. But that isn’t the case. I would go get a 2nd job in a heartbeat because I have the skills to do so. However due to daycare, getting a 2nd job outside the home would mean paying someone to watch the kids which would defeat the purpose of a 2nd job. The Hubs already works overtime every week. So my solution is to find something I can do from home to make money. Which brings me to my side hustles. Donating plasma, baking and babysitting.

Donating plasma isn’t something I particularly like to do but it’s easy money for the most part. Babysitting is fine on my days off work. But what I have been doing lately is baking. Cinnamon Rolls and Monkey Bread (dough rolled in cinnamon sugar drizzled with butter and baked in a bundt pan). And people are paying for it! Today alone I made $60 on orders. I have another $35 worth of orders to fill for this weekend. I know it’s not much but over time it will build up.

So if you are following Dave Ramsey and wondering how to make more money,  think about what your skills are. Can you find something to do in your spare time to sell? Are you able to offer a service? Does your vehicle qualify to drive for Uber or Veyo? Making money isn’t hard, saving it is.

Smart Money Tour….I was there!

Last night was a great night! I was fortunate to be able to attend the Dave Ramsey Smart Money Tour. Dave wasn’t a speaker but we had two wonderful men speak and it was amazing.

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I got some very valuabe information that I have yet to read in any books. I also purchased 2 books, Retire Inspired by Chris Hogan (pictured above with me) and Love your life not their by Rachel Cruz (Dave’s daughter).

It was a great night. It fired me up again to get this debt gone. My goal is financial peace. To put away for retirement so we don’t have to work into our 60s. To not rely on the government because honestly SSI probably isnt going to be around in 30 years. To put my kids through school. To have money to travel. And most importantly, to not burden my family when I’m older. I don’t want them to have to deal with our mess (ok my mess) when we are gone.

It’s for my kids, grandkids, great grandkids. It’s the legacy. It’s that important to me.

 

~Jenn~