DEBT DIET

Have you ever heard the say; you can wonder into debt but, you can’t wonder out?

Well! Getting out of debt is like going on a diet—it may sound simple, but it sure isn’t easy. The only thing that really works is to spend less and save more.

Debt doesn’t benefit nobody, it doesn’t benefit your life, it doesn’t benefit a marriage or a family or your future. Just as in the past few years I’ve experienced the satisfaction of being fitted, I have also eexperienced the pain of being overweight. It has been a rollercoaster and emotionally draining! Is so much alike that debt also has its consequences. Here are a few reasons I think everyone should avoid debt:

  1. Debt makes you a slave/servant to your lender.
  2. Debt steals from your future.
  3. Debt hinders/makes it impossible sharing with others and practicing generosity.
  4. Debt erodes resources through high interest payments.
  5. Debt promotes impulse buying.
  6. Debt is like money leaking from your pocket or bank account
  7. Debt compromises your retirement
  8. Debt is like having winter all year round
  9. Debt controls your money not you.
  10. Debt is NOT sexy.


The number one thing we recommend to start you on a debt diet is having a game plan.

My amazing husband, Anuar, and I have experienced the incredible miracle of being freed from $47,000 in consumer debt. We purposed to get out of debt and made immediate changes in our lifestyle to accomplish this, and within two years we were debt free! Funny thing is, like I said; you can wonder into debt or even sometimes debt can creep up on you. Murphy has a way to make his way. No, sometimes you’re not even looking to getting into debt but, I guarantee you, if you don’t always have a plan for your money someone else will. We made up our minds, made a decision, prayed for God’s help, and found the strength we needed keep the commitment to become and stay debt free. Thus, the first step is to decide to become debt free and determine to do it God’s way. Read, how to payoff debt with a low income

Get on a budget.

We cannot stress this enough! We have tons of resources and ideas available here on our blog to help you with this, feel free to explore around and get in touch with us let us know how we can help and serve you best!

Write down your debt on paper from smallest to largest. Make a chart with the amount you owe on it, add to your monthly budget the amount you’re planning to pay each month, once you have processed that payment go back to your chart and make the changes.

We believe that following a regime will help you stay in charge but, more importantly will help you get out of debt a lot sooner. Read, the silliest thing I did to payoff debt.

What other plans have you implemented to get out of debt?

Have you ever been on a debt diet before?

leave us a comment or connect with us we would love to hear from you.

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5 Simple Ways to Jumpstart Your Funances

Sometimes we feel like our finances are on life support. I know! I been there. It seems like there’s little hope of the situation improving, I want to provide you a little ray of sunshine by showing you 5 easy ways to Jumpstart your finances.

  1. Start Giving More

I know what you are thinking, how can you jumpstart your finances by giving your money away!  Trust me this step is by far the most important and Truth be told, getting onto a healthier path with your finances has less to do with knowing what to do and more with doing what you know.  If you truly believe that God is able to provide for your needs, then you acknowledge that by giving back to God.  If you truly believe it is better to give than to receive, once again, you demonstrate that by giving to others that are less fortunate.  Your money attitudes are crucial so by learning to give first, you will have no choice but to learn to live on less and that is the cornerstone of personal finance. 

       2. Start Tracking Your Spending

There is no secret that people who don’t run out of money at the end of the month are the ones who spend less than they make.  Keeping a spending journal for two weeks can really make a big difference in your spending patterns.  I think most of us know how much we make; the problem is that many of us have no idea exactly what we are spending each week.  If you want to spend less so you can save more and pay off debt, you must know what you are spending your money on and then decide what expenditures you can eliminate or reduce.  Consider using cash for two weeks instead of using your credit cards or debit card.  I have heard that it hurts to break a $20, so maybe using cash can help you to start spending less of your hard earned money.

        3. Start Knocking Out Your Debt

Don’t be one of those people who justify their debt by thinking that as long as you can afford to make the minimum payments on your credit card you are ok.  You must start paying more toward your debt which will reduce the amount of interest you will pay over the life of that debt.  Also by paying more towards your debt, you will be able to pay that debt off faster so you can start putting that money towards your savings and start earning interest instead of paying interest.  Finally, do not be afraid to call your credit card company to negotiate a lower interest rate.  The worse that can happen is that they say no!

    4. Start Saving, Start Saving, Start saving

Between making excuses, having good intentions, or just breaking the promises we make to ourselves, it’s easy to understand how we oftentimes fall short of achieving our goals, but we have to start saving money now!  For our short term savings, consider opening a savings account at a financial institution different from where your checking account is (to make it a little harder to get to) and set up a bill pay or draft where you pay yourself each month before you pay any other bills.  In addition, start putting money away towards retirement because retirement isn’t a question of if, it is a question of when.  If your company offers a match where they will contribute a certain percentage of pay if you are setting aside some of you earnings into a company plan, you are leaving money on the table by not taking full advantage of this benefit.  For example, if your company will match $.50 of every dollar you set aside into your 401k up to 5% of your salary, by putting anything less than 5%, you are basically saying no to free money.  The last simple tip when it comes to saving is this:  saving something is better than saving nothing and whatever you have been saving, start saving more

   5. Do it again

One way of improving and keeping yourself accountable, is by constantly checking your commitment to progress. Don’t and I mean don’t ever relax to the point where you think you got this and you will stay the course, often times when we get used to a way of doing things we relax and forget to stay consistent, and sometimes we even do not see the big deal until we find ourselves in the same or worse situation. Make it a life commitment to give more, spend less, pay off debt and if possible stay out of debt! Remember what the Bible says: the borrower is a slave to the lender. Keep out of debt! Save, save, save, save and finally do it all over again, do it again.

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Hurricane Harvey: What About Insurance? Your Questions Answered

Like most people across the country and the world, here in Texas we’re overwhelmed by the devastation left to us by Hurricane Harvey. It is a true nightmare, it is heart breaking and really unexplainable this is a real tragedy and the only thing left is the comfort of prayers trusting God, loving, helping, and understanding each other. 

If you or a loved one were directly impacted by Harvey, you likely have an onslaught of pressing questions on your mind right now as we finally see the sun out today providing relieve, many of us if not all us. Felt a very special appreciation for the sun today, and woke up wanting to take action, trying to see what’s been of our homes and how to get as close as back to normal as possible, but really just the blessing of having what feels like a new normal sunny day. After what felf like a forever Hurricane and bad weather everything from flood insurance to disaster relief efforts. We’re here to walk with you and help answer a few of the questions you might have:

Is flooding covered by normal home owner’s insurance ?

No, because floods are considered separate from hurricane damage, you need specific flood insurance to cover it. Wind damage is covered through homeowners insurance, but any water damage is not. Flood insurance is provided through the federal government with The National Flood Insurance Program. You are required to purchase it if you live inside a flood zone. Unfortunately, most of the city of Houston isn’t considered to be in a flood zone area. But be sure to check with your insurance company. Depending on the nature of damage to your house, you could be partially covered.

How do I file a flood claim?

Step 1: Notify your insurance company

First, you need to let your insurance company know you’ve experienced flood damage. This will get the process started for you. Ideally, the sooner you contact them, the sooner you should receive your claim check. Make sure you have your policy number and contact info handy when you give them a call.

Step 2: Document all the damage

You need to take pictures of all the property that was damaged. This should include structural damage, standing floodwaters, and objects that were ruined. Be sure to make a list of all items with as much information you can provide, like estimated item value, date of purchase, and any receipts you may still have on hand.

Step 3: Provide a Proof of Loss statement

The Proof of Loss is your signed and sworn statement that provides documentation of the damage to your possessions and home. You need to file Proof of Loss documentation with your insurance company within 60 days. Your adjuster will help you with this process.

What can I do if I don’t have flood insurance?

You can apply for federal disaster relief benefits, but those come in the form of low interest loans—which we do not recommend. This is exactly why having an emergency fund is so essential. It puts a buffer between you and the curve balls life can throw at you. If you have an emergency fund in place, now is the right time to use it.

Are banks offering forbearance programs for mortgage holders who are flood victims?

Honestly, it depends on the bank. For example, if you are impacted by a natural disaster, Wells Fargo will suspend negative reporting to credit bureaus and won’t charge you late fees. Customers who contact them can get disaster relief and postpone their payments.(1) Only do this if you absolutely can’t make it work any other way. There is no need to dig a hole financially if you can avoid it.

Does the Red Cross charge for their services?

This is completely false. The shelters and services Red Cross provides are free.

I’ve been told to file homeowner’s insurance claims before Friday, September 1, because of a law that is about to change—is this true?

This law only applies to people filing a lawsuit against their insurance company, so it doesn’t affect the majority of Texans. Plus, the law only relates to private insurance companies, while flood insurance is generally provided by the government.

Here’s How You Can Help!

Volunteers from all over the country are descending upon Southeast Texas to lend a hand. If you’re able to help by volunteering on the ground, please do. But even if you don’t live near the area, you can still help those in need through donating to the relief efforts.

Samaritan’s Purse

You can volunteer your time or donate money through the aid of Samaritan’s Purse.

Salvation Army

You can also send a donation through the Salvation Army.

Local Churches

Crosspoint Church — Pearland, Texas
Make a donation through the church here.

Red Cross

Donate funds through the Red Cross as they help families affected by Hurricane Harvey.

Red Cross Shelters

Are you in need of safe housing during this time? These shelters across the Southeast Texas area provide a place to sleep, meals, water, and health services for free. Pets are welcome too! No reservation is needed to stay. Find a local Red Cross shelter here.

The need in Southeast Texas will be vast, even after the media attention has subsided. Consider donating to local shelters and food banks that will continue to bring aid to the area in the weeks and months to come.

Don’t Mess With Texas

“Man never made any material as resilient as the human spirit.” — Bern Williams

Despite the circumstances of today, we always have hope to cling to for tomorrow. Although you may be experiencing the harsh impacts of Hurricane Harvey, it cannot defeat the structure that makes up your human spirit. We love, stand, and pray for Texas.


What other insurance related questions do you have? Leave us a comment or connect with us we would love to hear from you.

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3 Money Myths You Need To Ignore.

There is no shortage of bad information out there – and falling for some of it can cost you money. It could be other people who steer you in the wrong direction, or it could be the things you tell yourself. Whatever the source, believing these myths could be hazardous to your financial health. Not knowing truth doesn’t make it any better, in fact ignorance isn’t bliss! Ignorance is poberty. Our goal is to encourage you to get the truth behind these bits of financial misinformation. The following are three basic very common money myths.

Myth 1 – I don’t need a savings account because I have a credit card.

This is a surefire way to get into debt. A savings account is crucial because you can’t always plan for emergencies and the unexpected in life. Instead of charging medical costs, car repairs, and home improvements on your credit card, dip into your nest egg of cash and avoid debt altogether. The Bible doesn’t prohibit borrowing, but it does discourage it. Read The Secret to Saving Money

Myth 2 – I don’t need to pay my credit card off in full every month because I am building my credit.

This is a very common myth – that credit card companies want to see your ability to pay off balances steadily and over time. But this actually doesn’t do anything for your credit score! It just prolongs the amount of time you’re in debt and the amount of interest you are paying. If you use a credit card for cash back rewards or airline miles points, pay it off in full every single month. Commit to not be in debt, even if it’s for a short period of time. Read The Silliest Thing I did to Payoff Debt

Myth 3 – I don’t make enough money to have a budget.

You should have a budget no matter how much money you make. But if you live paycheck to paycheck or find that money is tight, it will be even more vital for you to stick to a budget. A budget allows you to know exactly where all your money is going so you can control it, instead of it controlling you. Read Budgets Are Designed to Help You.

What are some common money myths you’ve heard or known over the years?

Can you relate any aspect of this post to your current situation?

leave us a comment or connect with us we would love to hear from you.

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The Silliest Thing I Did to Pay Off Debt

What’s the craziest, silliest thing you ever did to pay off debt ? Well me personally? You’ll probably laugh at this one but hey I’m debt FREE! And I’m going to share it anyway.

I’m seriously terrified of being in debt. Like seriously, seriously.

Growing up, I was told by  one of my aunts if you can’t buy things cash don’t buy them, you don’t need them. I took her philosophy seriously and I’ve done my best to stay out of debt as much as possible but, few years ago my husband and I were $47,000.00 in debt, we did everything in power to pay off our debt quick. It took us three to four years just on his income, one of the craziest things I did was collecting pennies, my mom would have a small bucket ready for me at least twice a month, those pennies were worth anywhere from $15 to $40 each time, I also picked up every penny I saw lying on the ground. It was crazy but our debt was getting paid.




 

Maybe you’re in debt today, it doesn’t matter how big or small, here are some tips of other things we did that might help you.

Step One – Get Together A List Of Every Debt You Have

The first step to pay off your is to know every debt you owe. This can be a bit overwhelming, but it is a necessary first step.

We started by pulling our free credit report from AnnualCreditReport.com, the only place where you get 100% free credit reports as authorized by federal law. You can pull your credit report from all three bureaus if you wish or you can simply pull one report from each bureau every 4 months if you want to monitor your credit for fraud. Either way, you’re entitled to one report from each bureau (Experian, Transunion and Equifax) per year.

This report will show you a list of all of the debts that you owe other than loans from friends and family. The balances owed may be a month off if your creditor hasn’t reported your most recent payment, but it will give you the big picture of who you owe money to.

Once you have this list of who you owe money to, it’s time to dig deeper to get the rest of the information you’ll need.

Step Two – Find Out Everything About The Debts You Owe

Now that you have a list of who you owe money to, it’s time to figure out everything else about your debt. Here’s a list of what you’ll need to know about every debt you owe:


      • Exact amount you owe
      • Payment amount
      • Frequency of payment (monthly, quarterly, etc)
      • How many payments left (if fixed term debt such as a mortgage, student loan or car loan)
      • Interest rate and whether it is fixed or variable
        • If variable, what the rate is based on (prime rate, LIBOR, etc)




    • Due dates
    • Grace period (if applicable)

    Where do you get this information? To find out how much you owe, check your most recent statements.

    For everything else, you’ll need to do a little bit of digging. For loans, check the loan documents you signed. If you can’t find the loan documents, try calling the creditor or log in to their website and check your account details.

    For credit cards, check the terms you agreed to when you signed up for the card. You may also be able to find this information online after you log in to your account on the credit card’s website. If you’re having trouble understanding the terms, call the number on the back of your credit card. A representative will be more than happy to help you.

    Step Three – Assess Your Debt Situation

    It’s time to look at the big picture now that you’ve figured out all the details on every debt you owe. It probably won’t be fun and it could be just plain ugly, but you have to do it to move forward.

    First, add up the total amount of debt you owe. The number may be scary but we’re going to work on knocking it down, so don’t worry too much yet.

    Next, take the amount of all of your monthly payments and add them up. This the minimum amount of money that you owe on your debt every month. Again, this can be overwhelming, but you’ll be able to knock this down as you pay off your debts one at a time.

    Step Four Choose a Debt Pay-Off Plan

    There are a few different debt pay off plans you can choose from.

    The snowball method requires you to list your debts from smallest to largest and pay them off in that order. You pay all of your minimum payments and throw everything else toward the smallest bill. This is a great method for anyone looking for instant motivation and is the method I used when I had credit card debt.

    Check out The Total Money Makeover by Dave Ramsey

     The second method is the debt avalanche. With this method you’re paying off your debts from largest to smallest interest rate, therefore saving money over the long run. (You’re still making minimum payments on everything else.)

    There is no right or wrong way to go. The method you choose will depend upon your personality.

    Step Five Trow Extra Cash at Your Debt When Possible

    Chances are sometime in the year you will get a bonus or a raise or at the very least a tax refund. When you do, don’t spend it. Use it to pay off debt.

    The tax refund is easy. Just use the entire thing to pay off a credit card or apply to student loans. The same goes for any bonus you may receive at work. Often, these come during the holidays, so don’t be tempted to spend the money on gifts.




    Chances are everyone in your life already has everything they truly need.

    As for a raise, have the extra money immediately put in another bank account. You can then dip into this money every few months and use it as a lump sum to pay off debt. If you do it this way, you’ll never miss the money in the first place.

    Step Six Have a Garage Sale

     Most people have houses or apartments full of unwanted or unneeded items. Now is a great time to sell them. Whether you want to throw them up on Ebay or Craig’s list or have a yard sale, get them out of your house and free up some room. You’ll also end up with extra cash in your pocket that you can use to pay off your debt. When it comes to how to pay off debt quickly, this is one of the easiest ways. If you don’t think you have anything to sell, look again.

     

    Also, don’t forget that one person’s trash is another person’s treasure, so don’t assume no one would want to give you money for that ugly Christmas sweater or that vase you got as a wedding gift ten years ago from Aunt Judy that you’ve always hated.

    Step Seven Find an Extra Job

    This is absolutely fine I’m sure you are busy enough but don’t dismiss this idea your goal is to get out of debt and get your peace of mind. Even a few hours a week can provide you with a decent amount of cash to use to pay off debt, and when it comes to how to pay off debt quickly, sometimes we have to do things we don’t really want to do.

    If you use all of this second income to pay your debt, you’ll see a huge difference quickly.

    Make sure this second job is something that is stress-free. This is especially important if you have a stressful full-time job. The job doesn’t need to be glamorous and while you might not love it, just keep in mind that a little short-term extra work will pay off big sooner than you realize.

    Step Eight Work Overtime

    If you have decided one job is plenty, thank you very much, then instead of finding a second one or creating one for yourself, check with your employer to find out if you can get some overtime work.

    The advantage here is you already work there and you know the lay of the land, so to speak. If your company is short handed, then they will be thrilled to help you out and might even give you a raise in the long run for being a team player.

    Step Nine Start a Side Business

    While this is related to a second job, in my humble opinion it is a little better because you’ll be working for yourself. When a lot of people think of a side hustle they think of working online and that’s certainly an option.

    However, if you’re not the kind of person that is tech savvy or you don’t like to write, then don’t forget about everything you can do offline.

    For example, you can make money doing almost anything. You can mow lawns, deliver groceries, clean houses, the list is endless. The great thing about this is you can choose your own hours and how much you




    Step Ten Don’t Forget to Get Creative and Enjoy Your Debt FREE Life.

    Have some creativity, chances are you’re good at something. If you work on your craft and get creative you will achieve your dream of living a debt free life. Op out from receiving offers in your mailbox

    Nothing is more annoying than pulling up to your mailbox after a long day of work and finding it filled to the brim with junk mail credit card offers. Every day, credit card companies fill up our mailboxes with needless junk that is immediately rerouted to the shredder or trash can. But here’s great news: You can make them stop! It’s actually very easy to stop receiving unsolicited junk mail credit card offers. All you need to do is visit optoutprescreen.com, type in your information, and you’ll stop receiving these offers for five years. Or, if you use traditional mail to send in the form, you can opt out for 10 years.

     

    It’s simple. No more credit card junk mail for you, no more wasted time for your mailman, and no more overheated shredders and filled-to-the-brim trash cans.

    Don’t forget to live within or bellow your means, this is so important not just while you’re on your debt free journey but always. That’s how you’ll be able to enjoy peace of mind and even build wealth.

    What’s been the craziest thing you’ve done to pay off debt?

    Also while you are here download a free copy of our 45 Practical Ways to Save Money Every Day E-book.

    please share our resources and stay connected with us on social media we’ll see you around.

    Meet Eboni Phillips, She Went From Being Bankrupt To Educating Herself To Teaching Others About Credit

    Eboni Phillips Went From Being Bankrupt To Educating Herself To Teaching Others About Credit

    This post is courtesy of LadyBossBlogger

    Posted by Elaine Rau

    Eboni Phillips has seen poverty in its rarest forms, from sleeping in the back seat of cars to getting them repossessed, Eboni knows exactly what it’s like to be less than credit worthy. After countless experiences with trial and error, she decided that she would use her experience with bad credit to help serve the community and educate others about being financially integral. Read our interview with the lovely Eboni below…





    What motivated and inspired you to start your own business?

    Well I had no idea I would be a credit specialist. I’d had issues with credit for years. I found myself severely depressed sometimes knowing that I couldn’t get an apartment or vehicle without a cosigner. I sat down one day at a dealership with a car salesman and was told “you need to file bankruptcy” I decided then that credit would not be a hindrance any longer. I was my first client. I applied what I learned to my situation and saw results immediately! I then went on to help family and friends and decided that “serving” others in the area of financial empowerment was my lane. As far as walking away from corporate America to pursue my passion full time, I knew that my potential was bigger than the cubicle that I sat in every day. There is a misery that comes along with not utilizing your full potential and I felt that misery daily. The thought of working 35 years just to survive wasn’t too appealing to me, the glass ceiling on my pay scale drove me crazy… I decided that I wanted to leave a legacy that proceeds me and entrepreneurship was how I would create it.

     

    Tell us about your business.

    I own and operate Elite Credit Consultants LLC. Our purpose is not only to restore your credit but to give you the tools and essential education necessary to maintain your credit score long after your time as a client with us. I get extreme satisfaction from educating and empowering consumers in the area of credit management. Not only do we focus on disputing inaccuracies but we sit down and have in depth conversations with our clients to figure out where the weak areas are and how we can strengthen them in those areas. Elite Credit is more than a business, it’s a lifestyle!

     

    Are you currently running any promos/contests/giveaways that you would like our readers to know about?
    Yes. Currently I am offering 15% off all new client enrollment until May 1st.

    List awards/certifications/accomplishments.




    I am a board-certified credit specialist and credit score analyst through the Credit Consultant’s Association.I will have my Degree in Economics in May of this year.

    Where is your business based?

    We are located in Ypsilanti, Michigan.

     

    What were the first few steps you took to get your business up and running?

    The first thing I did was research the requirements to work in my field legally in the state of Michigan. It is very important to be PCI compliant in my industry.Next I researched ways to get certified, even though it is not required in my state I just believe in credentials. I studied hard and passed two exams to become a certified credit specialist and score analyst. I then became my first client.I applied for my articles of incorporation and EIN number.I created a Success (Business) Plan.

     

    What has been the most effective way of raising awareness of your business and getting new customers?
    Social media has been a great help with getting new clients, but honestly referrals are the lifeline of my business, without word of mouth I don’t think ANY credit business will stand for long. I also understand the scripture “Faith WITHOUT works is dead”. Everything that I do in business is a faith move, I put in the work and I allow faith to produce the end result.

    What have been your biggest challenges so far?

    My biggest challenge so far has been owning the fact that I am an influencer to the nations. For so long I thought I didn’t deserve to be blessed, so I guess just coming into the realization that greatness is in my life and that there is nothing or nobody that can change that has been my biggest challenge to date… We sometimes can be our own worst enemy.
    How did you overcome these challenges?

    Entrepreneurship is not for the weak and sometimes you will get discouraged. I implemented lots of prayer, fasting, and meditation on what the word of God says about me! I also began to speak positive affirmations over my life and business daily.

     

    How do you keep motivated through difficult times?

    I worship in times of difficulty… I know how to pray it through. I have learned the secret to living and that is to be grateful in all situations, to always give thanks, and know that you are your only competition. My daily goal is to be a better version of myself than I was the day before.

    How do you distinguish yourself from your competitors?





    When you’re a real leader, you know that you have no competition. I don’t mind others taking a seat at my table because I know we are all going to eat. We are all playing for the same team. I am SAVED. I use my entrepreneurship platform as a tool to evangelize and bring people into the knowledge of Christ. If I’m not helping to increase the kingdom, then what I’m doing is for nothing. I stress the importance of what the Bible says about debt and money when I educate… I make it a point to always point people back to God.

    What is the best advice you have received recently?
    Be CONSISTENT… Sometimes when we aren’t getting the results we think we should be getting, our consistency in our craft dwindles.
    What advice would you give to other entrepreneurs?
    KEEP GOING… GO ALL THE WAY. Believe in yourself and your gifts. See yourself and your service as an asset and not liability. When you make the decision to be an entrepreneur, you decide to accept the process that comes along with it, and nobody said the process would be easy or fun… but it will be worth it. You’ll thank yourself after.

     

    What is your favorite business tool or resource?

    My favorite business tool is Facebook live right now for the sake of my financial tip Vlogs I record every Tuesday. I’ve fallen in love with periscope though, so soon I will be taking my talents to that platform. What social media outlets do you use? List them below.

    Instagram @thecreditqueen__
    Facebook www.facebook.com/Elitecreditrecovery
    Facebook Group www.facebook.com/groups/555346381333371
    Website www.elitecreditconsultant.com
    Email elitecreditconsultants@gmail.com
    Hashtags #EBONIINSPIRES #ELITEEFFECT #IFIXCREDIT

    What is a good article or book you have read recently?
    I am reading the book “Angel Armies” By Time Sheets.

    What are you currently learning about for your business or looking for help with?
    I am working on an extension to my business through the avenue of real estate… I will be licensed to practice and assist first time homebuyers by the end of the summer. I’m always looking for mentors to further my education in my field but until I find one with a like mind, I will continue to self-educate and attend trainings.

    What are your goals for the next few months and how are you striving to achieve them?

    In the next few months I plan to have my Real Estate license, College Degree, and increase my social media following and conversion rate. I have my blinders on, I’ve never been so focused and determined to succeed. I will be consistent in my studies and post fresh relevant content daily on my social media outlets.

    BEING BROKE

     
    No, money isn’t everything and you know what they say, money won’t bring you happiness. I say, neither will being broke.

    I am not ashamed to admitted I’ve being dead broke and it ain’t funny. No, I am not a millionaire I’m a baler on a budget! I do not depend on my own strength or intelligence I trust and I depend completely on God, and by the grace of God I now know and understand that money don’t make one rich, financial education does. This kind of knowledge lead me to build an emergency fund and I do my very best to stay out of debt. (Refer to My Emergency Fund is a Blessing )

    Proverbs 6:4- 5 Says, Give no sleep to your eyes, Nor slumber to your eyelids. Deliver yourself like a gazelle from the hand of the hunter, And like a bird from the hand of the Fowler.




    I remember as it was yesterday, when a few years back in 2013 to be exact I got a letter from my bank saying that they shut all my accounts and that I owe them $20.00 insane I thought who do that? They said I most make a payment and if I want my accounts back I also needed to make a deposit. Yup! You might have never been in that position before. Creditors calling breathing down your neck, too much month at the end of the money, sick only at the end of the month when your rent is due. I been there broke, confused, and embarrassed asking myself how I got to that point.

    But that’s not all, I’ve also been on the other side of the spectrum and I like it more. When money is not an issue, I am not a spender by nature, I don’t care much about brands and luxury handbags no, but I’m seriously terrified of being broke. Like seriously, seriously.

    I’m one of those people that gets peace of mind from having a fully funded emergency fund and from having savings accounts that are tracking (on date) towards long term goals. Financial security is at the very top on my lists of priorities and goals. (Refer to The Secret to Saving Money )




    I want to be able to pay my bills enjoy life and live comfortably with my family to me Having the right money mindset matters that is the reason why I’m committed to saving money in the form of paying myself just the way I pay my bills. I take paying myself as paying a bill. When I started saving though I could not afford to pay myself that way. I mended my errors I had an income problem I fixed it. Dave Ramsey says, a great place to go when you are broke is to work. I did that I am a certify teacher I guess I’m qualified to do something that can generate me some kind of income. I payed the bank, re-opened my accounts and here I am every penny matters to me I been to the point when all I put in my bank account is $1 yup again I’m not ashamed to admit it. Can’t be dollar smart if you’re not penny wise.

     For many people $1 is nothing since can’t buy you much of anything with it but I’m of the opinion that a little + a little + a little = a lot and me making even the small deposit to my savings account, made a difference in my bank account and I saw my account steadily growing over time.

    Hey! “A little + a little + a little = a lot”

    Not just that, making those consistent transfers and deposits no matter how small, helped me to solidify my savings habit and helped me get accustomed to making consistent transfers to my savings. It also helped improve my money mindset and the way I thought about my finances. I believed (and still believe) that I could save a ton of money and I’m well on my way.

    If you don’t know how to start take it from me start little by little or do the 52 weeks money challenge 

     
    The Money Challenge is a way to save by putting away a small amount of money each week. As the year progresses, your savings will gradually increase so that by the end of the year you will have saved $1,378! This challenge is perfect for paying off debt or even vacation planning. This could even be the start of your emergency fund! How does it work? It’s pretty simple. It’s all about saving a little more each week.

    Deposit $1 on week 1

    Deposit $2 on week 2

    Deposit $3 on week 3

    ………. and so on!

    While these are tiny amounts, as the chart above shows, they will add up quickly!

    I’ve heard some say they actually put in more money at the start of the challenge and less at the end when money is tight for them.  I would suggest putting in more money when you have it to make up for the times when you might be low on funds. This will help you stay on track!



    Are you ready to take the 52 Week Money Challenge? If so, I wish you the best of luck! Have fun with it! Share the Money Challenge with your friends and family as well!
    Share with us after reading this blog post what are you willing to do to save money? 

    Have you ever been broke or feel broke?

    Please share this post with someone and leave us a comment.