One of the biggest reasons for creating MommyLuvs2save was to create a community of moms and dads who want to help their family save money when buying essentials in order to free up money for debt repayment. My own family has paid off over $111,500 in consumer debt including credit cards, student loan debt and 2 vehicles. I am a teacher at heart. I want to use the skills that I have learned to help YOU ditch debt. I want to encourage each of you in your efforts so that one day you can feel the freedom of being debt free. I’m not quite there yet either (we still have a mortgage) so I need encouragement as well
It can be very difficult to pay down debt. There are many temptations to spend money. We live in a culture that encourages debt and spending. In addition, expenses come up and there never seems to be any extra money for paying down debt. I want to urge each of you to participate in a challenge. Just leave a comment about one positive step you’ve taken for your family each day. Did you eat in instead of going out? Did you save money at the grocery store? Did you pay extra on your credit card? Leave a comment below and we will cheer one another on every day and every step of the way.
The challenge is to leave a comment about what YOU have done to work on getting debt free each day. One winner will be chosen to win a $50 Amazon gift card at the end of each month. To participate in the challenge you must comment on at least 10 posts during the month.
* I will also be sharing my progress from the day prior.
My Progress: Well, I was a little disappointed in myself earlier in the day. We caved and went out for lunch without a coupon or FREE kid’s meals. We paid FULL price. I know we’ve done it in the past, but now since I’m not working I have tried to cut our out to eat spending by using Restaurant.com and coupons. Our total with tip was $41 and I even got a pretty cheap meal. I felt so bummed about it. I’m really trying to beef up our emergency fund and to do that I need to avoid big out to eat meals like that. I think we rationalized that it was the end of the year and we’ll start fresh 1/1.
I ran into Bath & Body Works to check out their 75% off sale. I had a gift card with a remaining balance of $3.50. I bought a lotion for $3. My total was $3.18 and the cashier said she had to give me the $.32 back in cash. Next, I stopped at Dollar General. I got 4 packs of free mechanical pencils and pens and 2 packs of Reach floss. My next stop was Walgreens. I got 8 of the FREE Quaker granola/yogurt bars. I hid them away for school lunches. My only other stop was the Grocery store. I spent $39. I actually used a gift card that I had purchased through the girl’s school, so it was $0 out of pocket little shopping spree.
I made dinner at home. Ro even baked a cake. I did several surveys after the girlies went to bed. I also listed a few items on Ebay. I like listing on Sunday or Monday nights. Actually the day was pretty perfect if not for that darn $41 lunch. I know, I know I have to get over it, but I keep thinking about how far I could have stretched that $41 ! Oh well !
What did you do? Leave a comment We’d love to hear about it You could make 2012 your year. Who will the December winner be ? We’ll see…