Pay Off Debt Without Earning More, Changing Your Habits, or Spending Less

I hope you opened this article simply because you decided that I've had some type of mental breakdown.  The truth is you can't pay off debt using the method in the title. I was driving around in my car the other day and there was an advertisement for a weight loss pill or drink mix.  The ad promised that you could lose weight without exercising and without eating less. WHAT?! There should … [Read more...]

Start a Budget and Open the Door to a Debt Free Life

While I’ve made my fair share of financial mistakes and missteps, by the grace of God, our family has also made a few wise decisions. Right now my wife and I are positioning ourselves to pay off our house in less than 6 months.  We’ve done this while my wife has stayed home (for the last five years), and we’ve lived on less than $50,000 annual household income.  Oh, and we didn’t miss out on of … [Read more...]

How to Accomplish a Financial Goal

Many people have a clear sense of where they want to be financially.  Perhaps you would like to be able to pay off debt, live off of one income, retire early, quit your day job, or travel for a year.  But how do you transition from financial goals to actually enjoying that reality? Tips for Accomplishing a Financial Goal Financial Focus You can do so many things and accomplish nothing, right?  … [Read more...]

Debt Snowball Explained | How To Pay Off Debt Using the Debt Snowball

I thought we’d better sneak this post in before it gets too warm – a snowball is always easier to visualize in the winter. Editor’s Note: What a great line, eh?  Unfortunately, I wrote this post months ago, but since it was such a good line, I decide to keep it in this post even though it is now the hottest time of the year. What is the Debt Snowball? The debt snowball is a common approach or … [Read more...]

Pay Off Debt or Buy Insurance for Stay at Home Mom?

Every Friday I take a reader’s question and spend some time answering it.  Our question today was submitted via my reader survey.  If you want to ask a question, contact me. If you had to choose between retiring debt and insuring a stay at home homeschooling mom which would be a higher priority and why? I’m a proponent of debt free living.  I’m glad that you’re trying to focus on … [Read more...]

Dave Ramsey Debt Snowball: Paying Off Debt Spreadsheet

The intention of this free debt snowball spreadsheet is to allow you to maintain two necessary ingredients of paying off debt. It is a tool to help you get organized.  To help you get organized you'll want to have one of the best personal finance software.  This could be a free money tracking program like Mint or another paid option.  Throughout this process you might want to keep you eye on … [Read more...]

Tithing (Giving) While in Debt

The following is a question related to giving/tithing while in debt that a  reader emailed to me: How do you balance good stewardship and putting God first – or is there a difference? Let’s say you have gotten into a lot of debt, learned a lot of hard lessons and are doing everything possible to improve your financial situation. You have worked diligently to cut expenses wherever possible and … [Read more...]