Parting is such sweet sorrow

Just a quick post tonight because it’s late and I don’t have much time to go deep. 

One way to make extra money to go towards debt repayment is to sell your things.  Well, as I look around, I don’t have much to sell… no extra cars or boats, no tools, nothing that can bring in big money.  But I do have lots of little things hanging around.  I’m trying to scale down anyway because I will be moving soon and do not want to take much with me.  

So far, I have posted (in online yard sales) two small coolers, a scientific calculator, two prom dresses, blank DVDs, and my piccolo that my parents got for me in high school.  Also a pair of dance shoes that I’m offering to my dance friends first.  It’s hard to part with some of these things, but when I think about the long term gains, and what it is costing me to hold on, it’s a little easier to let go.  In fact, I’m getting a little excited.  I can’t wait to see my new clutter free space.  :-). 

In addition, I have a stack of things I can take to work, such as plastic cups and paper plates for our kitchenette.  No need in moving those things.

And lastly, I have a bag of things to recycle.  This is antything I feel guilty about throwing away.  Such as a gravy bowl I never use.

Yes, it is hard to part with things that may be sentimental or important, but I think that once we conceptualize how much it will affect our bottom line, we become less attached and more free.

Have you had to sell off things?  What was the hardest thing you had to part with?

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Future Planning

Hi, everyone!  I just got back from an Estate and Wills seminar at my church.  I needed to ask a question for my mom and didn’t think that I would need to do any planning for myself because I don’t have many assets at this time. I was wrong.  Creating a living will and other health care advance directives goes beyond our finances.  They give others the ability to ask how you are doing following a serious accident, and gives them the ability to make decisions and carry out your wishes in the event that you are unable.  Recently, a friend of mine passed away without any health care directives, and he was just a little younger than me.  We seem to think that we have more time to think about these things, but the truth is, none of us knows when we will take our last breath.  So whether you are 19 or 99, it’s never too early or too late to complete your forms.  The Living Will and Health Care Surrogate forms do not need to be completed with an attorney, so there’s no excuse not to have them.

It is a good idea to begin thinking about wills and trusts, even if you do not feel you have much to plan for.  Wills are a way to make sure your wishes are carried out, and a wonderful way to communicate your legacy.  This is the most important thing people look for, not the monetary items.  I’ll write more about the legacy statements another day.

Do you have a living will or other health care directive?

Journey to Financial Freedom

Hi, everyone!  Welcome to my site!  I have begun a journey of paying off my debts and hope you can join me on this journey.  We can’t do this alone, right?  We all need a community, and I need you to help me along and keep me motivated.

So where am I right now?  Up to my eyeballs in debt!  I have student loan debt, a car loan, a credit card, and a medical bill.  Ugh!  I am tired of being controlled by this debt and am ready to focus and work as hard as I have to so that I can be free of this weight.  I have a family to care for, and it’s difficult to do what I need to do and plan for the future with this wall of debt.  Romans 13:8 says that we should let no debt remain outstanding.  But that’s exactly what I have done… I have outstanding debt!  And I don’t mean “outstanding” in the sense of “fantastic” or “superior”, I mean, I have taken out more debt than I should have.  I have bought things that I could not afford with money that I didn’t have. And now I’m paying for it every… single… month.

I have a plan to pay this debt as quickly as possible, but it may take three to four years before it is all gone.  I’m following Dave Ramsey’s plan of first putting $1,000 in emergency savings (in another bank, so it’s not easy to transfer).  Then I will tackle the smallest debt first, working my way up to the largest debt.  This is going to take razor-sharp focus and learning to say “no” to things that will cause me to start spending money again.  The biggest thing for me is going to be cooking at home instead of going out to eat.  Proverbs 21:20 says “In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.”  My  mom had an elderly friend who said we can go poor by spending all our money on food.  She lived a very simple life, and I admired her.

On this site, I’ll be talking about a lot of different things including ways to save money at the grocery store, how to cut expenses, how to make extra money, and even how to simplify and go paperless.

So will you join me in my journey?  In the comments, let me know who you are and if you are also on a debt-free journey.  I look forward to getting to know you all!