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 pretty good day yesterday. We ate all meals at home (or packed them). I actually made the potato volcano for dinner. It’s Kayla’s favorite meal. She can be kind of picky, but it’s the only meal where she actually asks for seconds. After dinner, we headed out to see family, but of course I had to make a few pit stops first.
I went to Walgreens to snag 2 of the fun size bags of candy for the trick or treaters. I am really trying not to spend much money on it this year. I got the bags that are $1.99 after in ad coupon. I used the printable coupon that I posted about and ended up getting both bags for $1.98. After Walgreens I stopped by the new house to see if there was any mail and there was a bill (I have to say it’s painful to pay bills at a home we don’t live at, but it’s just temporary right ??). Next, we stopped at Dollar General to check out the $.10 sale I posted about. I am such a dork I brought in $1.06 so that I could buy 10 things and no more. I ended up getting a toy for each of the girls and for the cousins that we were going to see. I used my remaining $.60 to snatch up 3 packs of paper plates and 3 packs of napkins. The summer/outdoor stuff is $.10 so the napkins/plates had a luau theme, but the girls love flowers so they were happy.
The only other thing I did yesterday was to pay our Discover bill in full. I have $74.xx in Discover reward $s and I never let myself cash them in for gift cards until there is a $0 balance on the card. I plan to do a post on this topic soon, but since we are debt free (except for the house(s) ), I have kind of turned the tables on the credit card companies. I don’t like to think about all of the interest we have given them over the years. Now, I make sure I fully take advantage of their reward program (I only use one card). I get 5% cash back on certain items and 1% on everything else. I ONLY charge what I would have paid for with my debit card (you have to be careful of this). I pay the bill off in FULL every month and then I rack up the FREE gift cards. I don’t encourage people to do this if you are carrying lots of debt or if you have a problem with it, but once you’ve gotten control of your finances- why not?? What do you think about this ? Leave a comment.
What did you do ? Leave a comment You could be the October winner.