What do all of these “get out of debt quick” stories have in common? They’re amazing, inspiring, extreme…and they receive at least a few angry comments. The commenters typically point out that the approach is unrealistic or impossible and argue that “most people” can’t do this.
When my hubby and I decided to pay off our $117,000 of student loan debt in just three years, we knew we’d have to drastically cut our expenses. Saving money helps, but at a certain point, it’s impossible to save more.
We already had a bare bones budget, so we needed to increase our income. We both found higher-paying jobs and we found ways to make a little extra cash on the side.
I recently re-watched Gilmore Girls: A Year in the Life. In case you’ve been living under a rock, A Year in the Life is the revival of the original WB show. It follows the lives of Rory and Lorelai 10 years after we last saw them at the end of season seven…when Rory had just graduated from Yale.
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Gilmore Girls: A Year in the Life doesn’t portray millennials in a flattering light. Lorelai’s neighbor, Babette, tells the girls about the “30-something gang”… “a group of kids, all about your age. They’ve been to college, then out in the real world, and it spit them out like a stale piece of gum. And now they’re all back in their old rooms, like [Rory].”
A prenuptial agreement might be something that you only associate with celebrities and high society or something that you’ve seen on TV. It might come as a shock to you then to find that more and more millennials are opting for a prenup.
Are you struggling with student loans? I know how difficult it can be. When my husband and I got married, we had a combined total of $117,000 of student loan debt. Being buried in six figure debt is overwhelming – I felt trapped and hopeless.
For those of you who are new readers, I post an update every few months that shows how we’re doing on our debt snowball and other life goals. A couple years ago, I shared a post called What to Do When You’re Feeling Stuck. In this post, I discussed my three year goals for 8 main categories: finances, health, career, faith, relationships, fun, environment, and service.
My hubby and I love to have board game nights with our friends. We’re currently on a three year spending ban while we pay off our massive student loan debt, so finding free things to do for fun is important for our sanity.
In addition to being free, game nights are so much fun. Honestly, I have a much better time staying in and playing games with friends than I would if I went out and spent a bunch of money. Here are my top ten favorite games for a board game night.
There are numerous reasons to start eating clean. Maybe you want to lose weight or perhaps you just want to be healthier. Whatever the reason, it can be difficult to stick with a whole food diet when you’re used to eating an unhealthy diet.
Since my hubby and I are currently on a three year spending ban while we pay off $117,000 of student loan debt, we don’t generally travel. However, we went to Arizona last year because my step grandpa passed away and we were there for his funeral.
Personal finance is about choices. Many frugal people continue to splurge on a couple of things that are truly important to them – because they’re frugal in most areas, they can afford to splurge on things that they value. Frugality doesn’t have to mean giving up everything you love – if, and only if, you can afford to buy those things.