What does debt free living look like? What does it take to live a debt free life?
A few weeks when I was attending FinCon (financial influencers conference… sounds boring but it was actually super fun!), I had the opportunity to sit down with Sarah from Budget Girl and ask her five money questions!
We will be more than doubling what we pay for rent with our new mortgage payment (including taxes, PMI, and insurance). That means we need to make some changes with our budget.
The best thing is that because we have already lowered our expenses, paid off all our debt, and have been putting thousands of dollars in savings each month, the change won’t affect on our lifestyle much at all!Continue Reading →
The key to keeping a budget that you can actually stick to, is to keep it evolving with your family. As much as I’m sure you would love to “set it and forget it”, that’s just not realistic. But the good news is that updating your budget is not hard at all! That’s what I am showing you in this month’s budget update!
We have some major changes coming up in relation to our family finances! As in, we hopefully will be buying a house!!! Fingers crossed! Be sure to keep up to date on our house hunt updates and to get all the details in real-time by following me on Instagram.
This new change will increase our “rent” from $1,200 a month to just around $2,800 a month. Super crazy!
It’s that time of the month again where we vulnerably open up our bank account and share with you in our budget update everything that went in and out of our real life budget over the last 30 days.
With hubby’s schedule changing it is leaving even less time for date nights or family time where all five of us can be together at the same time. It’s things like this that have always caused speed bumps in our budget in unexpected ways.
Do you want to take a complete look into real life numbers of our one income family budget update? Learn from our mistakes so you can get on track to your financial freedom faster!
We had some unexpected changes to our one income budget this month. Here is a look at the REAL LIFE NUMBERS of our middle income family trying to live our dream life in one of the most expensive cities in the United States.
Back in the day when we were wandering in the thick fog of financial uncertainty, I desperately wished that someone would just show me exactly what their budget looked like. The adjustment from two down to a one income family budget was hard!
I always thought that I could understand the theory behind it, but until I could see a real life example sharing all their real life numbers, I just couldn’t figure it out for my own family.
That is exactly why I share our family’s one income budget updates with you every single month!
The bills keep on coming! Unless you are an extreme minimalist who lives off your own land and built your own self-sufficient solar energy system, you are pretty much guaranteed every single month to have to pay up.
And even if you are such a minimalist, you are still going to have to pay land taxes.
Though, that type of self-sustaining life does sound a bit nice. Doesn’t it?
My point is, for the majority of us, we have to pay the bills! This mandatory task can become extremely stressful when you are living paycheck-to-paycheck.
You know what was the one thing I always wished someone would say to me as I was trying to decipher the personal finance world? As we were trying to figure out how to get our family budget under control so we could get out of debt and work towards buying our first home!
“Come on in and take a look at our bank account!” Don’t you think that would be nice?
I always felt like if I could see the real numbers of a family in similar situations, it would be super helpful in setting our own family budget.