It’s that time again for us to reevaluate our budget. As I had mentioned in an earlier post, we have decided to work hard to become completely debt free. We are following the 7 Baby Steps to Financial Freedom and are in step 2 with a bit of step 4 & 5 mixed in.
This month was a challenge as school tuition’s were due. But, even though we had that expense, we stuck to our mission and have now reduced our debt by another 1 % for a total of 3% lower. And what simply amazes me is that we have not put one thing on a credit card. Not one. I can’t tell you how good that feels. I don’t even carry it with me anymore. Have we made sacrifices, absolutely but it is so worth it.
So now with school tuition done (for this semester) I’m hoping to make a bigger impact in reducing our debt over the next couple of months. Can we do it…I think we can!
Cindy Livesey is the force behind Living Rich With Coupons which provides its readers with all the resources they need to shop smart so they can get life’s luxuries for a lot less. Her family of 5 has saved over $11,000 a year in groceries. And you can too.
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Cheers for you! Keep plugging away and you'll see big progress before you know it…
You are smart and not doing what so many in this world are doing and you will be better for it – in so many ways. Keep going you are doing great.
We paid cash for my husband to get his Master's Degree. I would divide the amount of tuition to find a monthly cost and would put that amount into a savings account each month. Then I would transfer into checking when tuition was due. This allowed us to comfortably write the check at the beginning of each semester. Great job!
Planning for your tuition is a great idea. You are very smart to do that. We do that with the high school tuition. The problem was having to pay for 2 college tuition and 1 high school tuition. We didn't have enough money to go around. Poor planning on our part. If I could do it again, I would have saved much much earlier. I needed years of savings in order to pay to put 3 kids through college.