We’re Debt Free!

Today we made our final snowball payment of nearly $2700 to Bank of America, and after 50 months, we’re debt-free! This journey started back in June of 2010 with close to $109K in debt, which shackled our family, a lot of uncertainty, and the need …

Read More

Money Blueprint

I have recent had the opportunity to coach a few people with varies financial difficulties. I won’t go into too much detail, but that all have two things in common. They had debt and didn’t know where to begin to get out of that debt.

In my initial conversations with someone I always ask a number of qualifying questions. I like to get an understanding of their current situation. A key for me is understanding “why” they want to get out of debt. If they can’t answer that questions, then I know they might not be ready to begin or simply just need help getting to that answer.

A particular couple, was eager to get started, so much so that they were looking to bypass some of the early steps and jump to automation. When I mentioned the word budget it was like I was insulting their mother with four letter words.

I knew right away they were going to present a unique challenge for me. I stopped with that line of questions and tried a different approach.

What do most people make before they go to the grocery store?

A shopping list.

What’s usually sent out prior to a start of a meeting, so everyone attending understands what’s expected to be covered during the meeting?

A meeting agenda.

What do football players study from?

Playbook (husband answered)

What do you need to build a house?

Set of plans.

What do all of these things have in common?

They help people get organized before they begin working on an activity or work better as a team. So if I now ask you what’s the best way to understand your finances, what would you say?

A budget.

money

Read More

Book Review: Hustle Away Debt

I recently had the opportunity to review the book Hustle Away Debt: Eliminate Your Debt by Making More Money by David Carlson. You may recognize David or D.C. as we like to call him around here. He is the founder of the blog Young Adult …

Read More

Millennials and Student Loan Debt

Millennials might be paying significantly more for school and accumulating recording setting student debt, but they do not mind according to a new study of 500 college graduate students from Credit Sesame. Even though the price of college has long been going through the roof …

Read More

Debt is Not Forever

Jackie over at The Debt Myth has a month-long campaign going on call Debt is Not Forever. If you haven’t heard about it you should check it out, it’s truly inspiring. Many other bloggers have joined the #DebtIsNotForever movement and have posted some great material …

Read More