This all started because of a friend who had an idea for me… She said, “Laura, I think you should do a blog and give out financial advise.”
At first I replied “Uhhh, I don’t have a lot of money, and I am not an investor… so I doubt I would be a viable source.”
The friend responded, “Yeah, but you make really wise decisions with your money, and can manage it really well. I know when I talk things through with you, you are able to provide me with other ways at looking at my spending.”
Yes, she is right… but first I will say, my friend and I have completely different spending habits and many things she spends money on I think are a waste of money. (I can say that because I would tell that to her face). She pays for convenience and I pay for dollar value- or what I think a dollar is worth. They are different ways of looking at money. Once I realized that we have different ideas about what money is used for, I thought, well maybe my ideas could help someone who is struggling, or trying to pay off debt.
When it comes to penny pinching I will admit I am pretty good at it and I have experience. My husband and I have 3 kids, two of which were born during the college years. As we were college students, my husband balanced grad school and a minimal paying job, and I began my career as a LUCRATIVE (just kidding) stay at home mother (still am). Now, I don’t know if you understand the cost of grad school, but it isn’t cheap. Needless to say we racked up a hefty student loan bill.
After grad school my husband became employed, and shortly after I was pregnant with our 3rd child (we had 3 kids in 3 years). When I was about two months pregnant, my husband, the sole provider was then laid off. Here we were with debt, 2 kids, one on the way and were jobless.
Luckily, my husband wasn’t laid off for long and he found another job. However, this was during 2009, when the economy wasn’t really booming yet. He found a job at a great company but began work there with “poverty line” salary (according to the government) for the number of people in our family.
However, we were huge Dave Ramsey fans! We followed his advise and in 2 years were able to pay off 36K with one income and by that time 3 kids. It was the most difficult experience I have ever been through. It was frustrating and discouraging but let me tell you, it was most rewarding!
During the next year and a half we saved, just the same way we paid off our student loans, in order to purchase a home. In 2013 we bought our first house and are now working on paying that off.
The point of my history is that I have experience in making monetary decisions… and am confident that over the years I have developed a good sense of financial reasoning. The purpose of my blog is to share my weekly sometimes daily money decisions and why I made them. Some of them involve finding great deals and some of them involve retracting the thought of buying something.
Perhaps my posts will help give people a second thought about what they are planning on buying or an impulse buy. If that so happens, please leave a comment and let me know. If I do that, I will consider my blog a success.