dcsimg The Get Rich Slowly Forums • View topic - Financial security

  GRS Home  Forum Home
Bank Rates Center
   Savings Account Rates
   Money Market Rates
   Highest CD Rates
Insurance Rates Center
  Auto           Health
   Life              Home
Mortgage Rates Center
  Mortgage Rates
  Mortgage Quotes

Last visit was:
A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Sun Nov 29, 2015 1:45 am

Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: Financial security
PostPosted: Thu Oct 18, 2007 3:09 pm 

Joined: Thu Oct 18, 2007 2:55 pm
Posts: 1
When my husband & I bought our first house, we racked up a bunch of credit card debt on all of those "necessities" you just have to buy when starting out. After a while, we realized we needed to just stop buying so much. So, we instituted a plan - each of us was allowed to withdraw a set amount of cash each week from our joint checking account for our personal expenses. We could spend it or save it, but we could never go get more if we ran out. Also, for household purchases, our rule was that we could not buy any item worth over $25 without checking with the other person, and justifying a true need. These 2 steps did the trick for us. We paid off those credit cards, paid off both cars, and are now living comfortably while also adding to our savings. In fact, we're continuing to save, even though we're now down to one income since I became a stay at home mom to our twins.


Offline Profile   
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ]  Moderators: kombat, bpgui, JerichoHill, Fiscal Fitness Moderator

Who is online

Users browsing this forum: No registered users and 2 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Theme created StylerBB.net & kodeki