I’m horrible with money. It used to burn a hole in my pocket. But I am determined to entirely change my mindset and hell-bent in achieving our family goals. It has been quite a ride in enriching myself with information that seemed so alien to me; it has been such an eye opener. I am a whole new person as I write this!
I have been looking at our finances and learned to categorise our spending. Truth be told, I used to loathe doing this but now, I get excited about it! 😊
I have finally found the method that works for our family and intends to religiously follow it and stick to it, no excuses! I tried various means in the past but failed. I eliminated unnecessary rates and subscriptions in order to save some and establish sinking funds – I categorised them into 6 savings goals. This is going to be our saving grace! 🙏 I was also able to put away some for emergency fund and intends to fully fund a 3-6 months worth of expenses.
We have been using cash in most of our purchases. Small wins but gratifying! Thanks to sinking funds! 👌🏻💪 It’s also our first month to process cash envelopes for our variable expenses. Let’s see how this works. This is also our first week towards meal planning. Wish us luck! 😊
Most importantly, we just paid off in full two (2) of our credit cards. This is huge! One of them will be cancelled tomorrow. I am still contemplating of keeping only 1 rewards card. I am yet to check and investigate if it’s going to be worth it.
I am going to eliminate our last 2 credit cards next and then crush my pesky personal loan! 👊🏻❌
This is just off the top of my head.
Working on these things in the middle of this pandemic have changed my life! The way I see things now, I am able to make ideal plans for mine and my family’s future.
I am not stopping now. Here’s to living like no one else, so later I can live and give like no one else…
Baby steps but so on it! 💪