Wednesday, May 9, 2012

Debt steals your freedom

When I was in debt I didn't have freedom. I was stuck. I didn't have the luxury of choice. Instead I was fearful that I would lose my job and afraid that I wouldn't be able to pay off my debt.

My debt took away my freedom.

How do you get freedom? Getting and staying out of debt. Getting out if debt is a process that takes time and determination. But in the end you get the reward of freedom. Freedom is the best reward.

Monday, May 7, 2012

Safety in a job

This is the truth I am realizing lately:

There is neither safety or security in a job.

I have been employed full-time for the past 8 years. In that time I have acquired many great skills. However, all my skills and education do not make me safe from downsizing. While I was in debt and getting myself into debt I took my employment for granted. I am embarrassed to admit this now. It is embarrassing because it shows my ungratefulness to my self and my employer at the time. I wish I could go back and tell my 20 year old self to not buy an expensive car, to not live in an expensive apartment, live within a budget, and never take my time or job for granted.

Sunday, May 6, 2012

Affordability

If you have to think about affordability then you probably can't afford it.

Whenever I question a purchase or it bothers me for awhile it usually means I can't afford the purchase. This happened a lot while I was in debt.

It is important to know what you can and cannot afford.

More Money

I came across this statement recently:

You can't solve poor financial management with more money.

Essentially, this statement is saying that if you can't manage $20,000 well you will not be able to manage $500,000 well either. More money is nice but it doesn't solve the underlying issue of poor money skills.

Poor money skills = poorness

I have really seen this in my own life. I always think more money will solve all my problems. But as I continue to earn more I have realized it doesn't because what needs fixing is in my mind. My emotions and thoughts have held me back and created my dysfunctional relationship with money through the years. I am just now starting to realize how complicated my relationship with money is. It rules my life. Even though I am out of debt I still struggle internally with wanting more and never being truly satisfied and wanting to just spend, spend, spend on my credit card.

I am writing today to let you know that more money is wonderful but it isn't the answer to my money insecurities within myself. I am now on a journey of understanding so I can be at peace with money and my financial resources.

I will keep posting about this journey over the next couple of weeks...

Sunday, April 1, 2012

5 Lesson Learned in this Economy

The reality of this economy right now is that it is tough to find a job. I really didn't understand the situation personally until I attempted to find a new job last month. I couldn't find one. I wasn't getting interviews and I wasn't even able to get in contact with anyone from the companies that I was interested in. I got scared. I started to count my blessings and started to appreciate and love my current job even more. I realized that I had taken my current job and wages for granted. I was so incredibly LUCKY that I had employment the entire time I was digging myself out of debt. I think it took a terrible job market and having a baby to make me appreciate all of my blessings and learn some life long lessons in the process.

1. There is no good or bad debt in my opinion. There is just DEBT. If you don't have a job or can't find another job no amount of debt is good debt, it is just debt and it needs to be paid off.

2. Don't take your job for granted EVER! Even if your job totally sucks it is still a job and you are still getting paid some amount of money for the work you are doing. It is better to get some money than have nothing coming in.

3. Have an EMERGENCY fund. I depleted my emergency fund so quickly and dipped into savings while I was on my maternity leave.

4. Life is precious and not all about money. Money is just money and your life experiences are so much more important than money. Money can be lost and gained very quickly and doesn't need to rule a person's life.

5. Make conscience decisions. I am going to always ask myself more questions before I make choices that impact my money and family.

I have a baby now and I have more responsibility. I have been blessed with so much in my life and this blog is my way of giving back.

Best wishes,

Janie

P.S. You have come to the right place if you are looking for information about getting out of credit card debt, paying off credit card debt, money tips, or for a friendly place if you are struggling with getting out of debt.

Sunday, February 5, 2012

New Baby and Finances

I had my baby! I thank God everyday for this blessing. Life is truly a miracle.


I am currently on maternity leave and paying extra close attention to my finances. I am on a restricted budget because I am getting 50% of my pay while on maternity leave. Actually, it has been nice learning to live on less. I think this experience will change my financial life forever. I have realized that I don't "need" that much to live. I have replaced my weekly Starbucks with diapers instead. Diapers are a necessity and Starbucks is not. Therefore, I haven't noticed a huge increase child related spending.




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I have also started to create a 30 day wish/waiting list journal. This wish list is meant to delay my gratification. If I still want something on the list after 30 days I will purchase it if it is within my budget. For instance, I was looking at shirts at Banana Republic and I just loved a particular shirt. So, I added this shirt to my wish list. After 30 days and rewarding myself for keeping an area of my house clean for an entire month I purchased the shirt. I love the shirt even more now because I waited for it and paid cash for it.



Best wishes,
Janie



You have come to the right place if you are looking for information about getting out of credit card debt, paying off credit card debt, money tips, or for a friendly place if you are struggling with getting out of debt.

Friday, October 21, 2011

My Favorite Coupon Sites!



Today, I am participating in "Show Us Your Life" over at Kelly's Korner.



I recommend the following sites:



1. The Krazy Coupon Lady- I go to this site each week to plan out what I am going to buy. This site is a must before I go shopping at CVS, Walgreens, ShopRite, or Safeway. I love how this site is organized!



2. Coupon Divas- I love her videos about couponing. She is so fun and her videos are great if you are just starting out with couponing.



Here is a link to her videos: http://coupondivas.com/videos.html.



3. For the mommas- I just discovered this site but I am going to use it as another shopping trip planning site.



A few tips I have learned a long the way-



First, couponing is all about organization. You need have an organization system that works for you so that you can easily find your coupons. Secondly, like anything you get out of it what you put into it. If you spend the time to clip, organize, and stragetize your shopping trips you will be sucessful. Lastly, I treat coupons like CASH. I love that I save so much money with coupons and it is a fun challenge for me each week to see how much I can save.



Happy Couponing!


Best wishes,


Janie



P.S. You have come to the right place if you are looking for information about getting out of credit card debt, paying off credit card debt, money tips, or for a friendly place if you are struggling with getting out of debt.
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