Debt Challenge #7

Debt Challenge #7
Cash only week- This week only buy your things with cash. This is a bit challenging, but it will help you to see just how much money you spend each week. It seems a little harder to let go of cash too when you see it disapear from your hands. Good luck this week!

 

 

 

Debt Challenge #6

Debt Challenge #6-
Write a Budget- This is the week to write a budget. You have already made a list of all your spending, so use that when you make your budget. Budget in everything from groceries, eating out, utilities, gas, savings, play money and whatever else you spend money on each week/month. This will give you a better idea of how much money you need each month to survive, how much you can cut back on and how much you can save. 

 

Debt Challenge #5

Debt Challenge #5
Only buy necessities- This week take a look back at your needs and wants list that you made on Debt Challenge #2. Only buy things that are on your needs list this week. I know it won't be the easiest task, but that's why it's called a challenge. You can do it!! You will find how easily we get distracted with wants in our life. Good luck this week and leave us a comment to tell us how you did at the end of the week.

 

 

Debt Challenge #4

Debt Challenge #4

NO purchasing soda/coffee- This week may be a challenge for those who love some caffeine to get you through the day. Buying soda and a daily specialty coffee each day adds up. You may be surprised at how much money you can save by just cutting these two things out of your daily diet.

Good luck this week and hopefully this little challenge doesn't put you over the edge! Let us know how you did on Saturday and Sunday.

 

Debt Challenge #3

Debt Challenge #3-

Live without one of your needs- This week choose one of your needs from the list you made last week and live without it this week. Whether that's eating out, shopping for new designer clothes, or that Starbucks you love; go without it this week. Let's see if you can give up one of your needs this week. Don't forget to tell us how you did on Saturday or Sunday.

Debt Challenge #2

Debt Challenge #2

List your Wants and your Needs- This week make a list of all your wants and all your needs. I think you can see where this is headed. Make a list with 2 columns, one for your wants and one for your needs. Needs are things you need to survive on like: water, basic foods, toiletries etc. Wants are luxeries we love to have like: ice-cream, soda, chips, new clothes and other fun stuff like that.

Stay tuned  later in the week for tips about your wants and needs. Good luck and report back on Saturday or Sunday and tell us how you did this week.

 

Debt Free Challenge 1

We are so excited to announce our very first Debt Challenge! Each Monday we will give you a challenge and on Saturday or Sunday you can tell us how you did!

Debt Challenge #1-

Track all of your spending! This week we want you to track every cent that you spend. This will set you up for our future challenges as well as give you and idea of what you are spending your money on. You may be surprised at how much you spend on silly things.

 

Let's Get The Debt Free Party Started!

Sherrie and Adrianne

Welcome everyone!  We are passionate about getting out of debt.  Why should you be debt free?  The most simple answer is this:  Freedom!  When you are debt free, emergencies are lighter, life is lighter, your shoulders are lighter...I think you're getting the point. 

Maybe you've just thought about it and don't know where to begin.  Take a look at our suggested reading over in the right side bar.  If you are working on baby steps (Dave Ramsey terminology), then this is a great place to be!  We are trying to make working at being debt free fun.  Having support and shoulders to lean on when it gets hard can be found right here with us. 

Each Monday we will be giving you debt challenges for you to work on for the week. These challenges will include ways to help you reduce your debt and put money back into your budget.  Challenges are meant to stretch your thinking and ability to make choices that seem like they have little effect on your finances, but the truth is they do!

Each Saturday and/or Sunday you can pop in and leave a comment on how you did on the debt challenge. As you leave comments each week, we will enter you into a drawing for a monthly giveaway. WooHoo!! Join the debt free challenge and work to get you and your family out of debt!

Make sure to follow us with the widget or by email so that you get the latest challenges.  Thanks for doing this with us.  We all need a little motivation to do what we should be doing every day.  Don't forget to watch the video on the side bar too...we have a little bit of a sense of humor about it-you should too!

Sherrie and Adrianne

Join the Debt Challenge

Each Monday we will be giving you debt challenges for you to work on for the week. These challenges will include ways to help you reduce your debt and put money back into your budget.  Each Saturday and/or Sunday you can pop in and leave a comment on how you did on the debt challenge. As you leave comments each week, we will enter you into a drawing for a monthly giveaway. WooHoo!! Join the debt free challenge and work to get you and your family out of debt!