Excuse the cheesy photo, but as I mentioned, we are trying to get out of debt and it was while researching ways and means to do this, we came across Dave Ramsey and he has definitely become my HERO! His Seven Baby Steps method is sooooo simple to use, it's mad! The seven steps are … Continue reading Dave Ramsey and Me!
Part of having a budget is making sure that you are sticking to it and checking that your payments have come out of your account is a vital part of this. When I use my spreadsheet, I highlight the upcoming bills in a darkish orange and then change it to a pale orange once they … Continue reading Keeping your Budget Sheet up-to-date.
Well Done! You've made your budget, now lets allocate every penny so that we don't waste it. You know what it's like, you've planned your spending, there is £100 left over that you MEAN to use against your overdraft or debt, but then come the end of the month, it's gone. That is where Zero-Based … Continue reading How to budget to fit your income – Part 5: Zero-Based Budgeting & building your Emergency Fund.
Nearly there... Now to budget everything else. You've done the essentials, all your bills and debts are allocated, now for any travel you have to do, cars and maintenance and building up some funds for those regular expenses so you're not caught out when Murphy comes calling. Firstly Transport: You need to get to work … Continue reading How to budget to fit your income – Part 4: Whats left…
Debt! That dreaded four letter word. It's the money we owe that sucks our lives dry and we never seem to put a dent in it. We think about what we could spend the money on and it eats away at us that we can't, so what to do? Firstly, you're on the right path. … Continue reading How to budget to fit your income – Part 3: Managing Debt.
We all know what a bill is don't we, it's something we have to pay each month no matter what. But did you know that there are different types of bill? I first want to explain about Essential Bills. These are the ones that if you don't pay them you may lose your home, have … Continue reading How to budget to fit your income – Part 2: Bills and how to prioritise.
One of the things that I need to do is get out of debt and start to build up some kind of savings for our future. I am 55 years old and my husband is 58, so it is pretty pointless us starting a pension scheme this late in life. One of our passions has … Continue reading My Debt Free Journey starts here!