I can’t believe we’ve already reached the mid-point of October. We’re flying through Fall. Do you want to hear something scary? We’re less than 70 days away from Christmas! Sometimes I think it sneaks up on us because the stores put the decorations out so early. We roll our eyes and think we have months to figure out our holiday budget. Then we’re suddenly counting down the days.
This week we’ve been taking a look at debt. On Monday, I shared how to stay motivated while you pay off debt. It can be a long, bumpy road to financial freedom and the temptation to turn back will happen. But these six simple tips can help you combat those urges and keep you moving forward.
On Wednesday, I debunked some popular myths that keep people in debt. These myths have become so strong today that many people don’t even realize how much damage they do and how fragile their financial foundation is because of them. Knowledge is power and gives you choices.
Special thanks to Healthy Wealthy Income, Enemy of Debt, Myles Money, FamZoo, Disease Called Debt, and Red Debted Stepchild for mentioning The Heavy Purse these past few weeks. I appreciate your support!
Here are my favorite posts from the past two weeks. Enjoy!
Natalie aka The Finance Girl shared How Much I Save by Buying Generic at Walmart. She may look forward to eventually shopping at Whole Foods but paying down her debt means more right now. It’s an exercise we all need to do, whether we have debt or not. Understanding our priorities helps us willingly make sacrifices on the things that don’t mean as much, so we can take care of the things that do.
Hayley at Disease Called Debt is Debt Free at Last! Congratulations, Hayley! Head on over to congratulate Hayley and be sure to also check out her new e-book, 101 Ways to Earn Money From Home while you are there.
Kalen from Money Mini Blog had a great guest post at Disease Called Debt on How to Effectively Negotiate with Credit Card Companies. He included some great scripts to help you lower your interest rate and reduce your payments, which is perfect for those who aren’t sure what to say.
Lance from Healthy Wealthy Income shouted Oh No! The Stock Market Is Going on Sale. Market volatility scares many investors, even though they know it’s normal. It still doesn’t make it easy. Lance’s post is a good reminder as to why a little volatility can actually benefit your portfolio.
Kim at Eyes on the Dollar asks How Many Years of Retirement Will that Cost? Kim is a reformed mindless spender who now weighs the future value of her choices. Another great lesson and where learning how to make value-based decisions can help you make smart decisions.
The Heavy Purse Store is now open! My new downloadable Money Club Workbooks are now on sale. Each workbook provides five targeted lessons to help you raise Financially Confident Kids. Please check them out in The Heavy Purse Store.
SHANNON RYAN, CFP®
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