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: I had a NO spend day yesterday. We’ve had a bunch of those this week, which is nice. We had some friends come over during the day to visit and have a play date with the girlies. I made everyone grilled cheese and fruit salad for lunch. Ro actually had pity on me and made dinner because believe it or not, I’m still not feeling that great. I just can’t believe it’s been over a week. I NEVER get sick for this long. I actually went to bed early last night in the hopes of getting better quicker.
After the girlies were tucked and before I toddled off to bed I did manage to enter a bunch of sweepstakes and fill out a few surveys. I also took a look at the bank account. Ro gets paid on Tuesday and I wanted a solid plan to keep us on a tight budget. I’m trying to get the Emergency Fund up to par and it’s going to take drastic spending cuts. I’ve been really good about not using my Discover (I usually use it for all purchases to get free gift cards and then I pay it in full, but I am trying to just stick to cash). I think I should be able to add a good bit to savings at the end of the month if we keep on the current trend. I am also thinking about looking into a Roth IRA for us. I need to see if I can contribute to one since I’m staying home at the moment. Anybody know ?
What did you do? Leave a comment We’d love to hear about it You could make 2013 your year. I haven’t forgotten about naming the January winner. I will announce it on Monday! Who will the February winner be ? We’ll see…