Back in the game….but still fake rich

August 19, 2018 0 By Cris

So I have been away for a couple of months. A lot has been going on and to be really honest with y’all, I have not made any progress……which is really disappointing

I have literally not looked at my budget in at least a month. We have fallen behind on our goals, bills, and yes even motivation.

I tell myself I won’t give up, and then reality hits me and things get hard. Life gets hard. Relationships get hard. Staying positive JUST GETS HARD.

You’re probably thinking to yourself “why in the world is she sharing all of this?” Well in the beginning of this journey I promised that I would be completely transparent with you. I want you to see all of this journey….all the ins and out and ups and downs.

Transparency in this journey is extremely important to me for so many reasons. How many times have you read someone’s success story and thought to yourself “yeah that’s them but that won’t happen for me…” or “sure they are successful because they had xyz…”

I don’t want anyone to feel that way when they read my success story. I want each one of you reading my success story to see that through all of it, I WAS NOT PERFECT. I want you to see that we are just every day people who have struggles with keeping a budget, paying our bills, keeping our family happy, etc.

Seeing that we are just “normal” like you will help you to see that yes EVEN YOU can get out of debt and stop living paycheck to paycheck and start living your very best life.

So where am I in my debt free journey now?

I have to go all the way back to the beginning. So it is right back to the starting line for me. I actually may even be more behind than I was when I started.

My first step is to go over my budget again and balance everything. Right now I am back at the point where there is more bill balance than income at the end of the month, so I have to take a hard look at my income and expenses and get things balanced again. Once I have worked out the numbers and am back on track with the solid plan I will be sure to make a post about it.

The biggest challenge right now though, is getting the partnership of my entire household.

I can’t do this alone…….

Balancing your home budget when you have a family takes everyone’s buy in, especially if you are not the only one bringing in an income.

One of my biggest struggles is getting my husband to truly buy in to our debt free plan. We sat down and talked about it and he says it is a good plan, but I think he is probably waiting to see me go all in before he is truly all in. Once he starts to see me changing habits and sticking to the plan, he will likely be more committed to it. I know I can’t expect him to put forth 110% if I am not giving my all to it.

We also have to get the kids to buy in as well. Currently one of our biggest budget busters is groceries and home supplies.

Right now the kids are taking advantage of this. All they know is that there is food here, so they can just eat all they want. I have to find a way to get the kids involved in the budgeting so that they can have a tangible way to understand that all that food doesn’t just show up in the pantry magically (I am sure all kids believe this in some way..or at least that money grows on trees or in gardens somewhere).

The same goes for other bills. I can’t tell you how many times I have to turn off lights that were left on in empty rooms or turn off running water because the kids just don’t understand that those things are connected to bills.

I will find a way to get them more involved in the budgeting process so that they are more conscious and conservative when using resources around the house.

Can I still become debt free with just $100/month?

Remember the initial plan……starting with just $100 per month I plan to pay off nearly $200,000 in debt and fast. I still plan to do this, it is just going to take some really strict discipline and involvement of my family.

The first thing I have to do now is find that extra $100. Since I now have more bills than income, I have to be sure that we get that in order.

This isn’t the easiest thing to do….when I think about it, the steps sound very easy. The PLAN is solid if we follow it. We just have to get to the point where we are disciplined (there goes that word again).

One of the first things that I learned when starting this journey is that budgeting is only about 20% fifth grade math and 80% mindset and discipline. Many people are afraid of the numbers but the reality is you can make the numbers happen if you have the discipline to stick to the plan.

So the truth of the matter is all of this boils down to my lack of discipline over the past few months.

Looking over my original plan…..had I stuck to it…. I would have had at least one of my personal loans paid off in the next few weeks. Now, because I didn’t start the plan when I should have, this loan has accrued some compounded interest, and my balance is higher now.

This changes my entire goal over the long term…which is so frustrating. I just need it to be frustrating enough to make me get off my butt and do something about it. I can sit here and make all the excuses in the world but I won’t….because excuses only satisfy those who make them…and at this point they won’t even satisfy me.

So are you giving up on becoming debt free?

I will never give up on this journey. I will find a way to stick to this plan. It will take A LOT of discipline (see there goes that word again) but the plan is solid.

But it can’t just be solid on paper. If we never act on the plan, it is just a bunch of words on paper. Until we take action, there is no real plan.

Taking Action to become debt free

So this is the start of me taking action. And here is the start of my accountability list. This list will help me to get on track with where I need to be.

  • Look at my Budget Plan at least twice a week
  • Make adjustments to my budget as needed
  • Talk to my family at least once a week about where we are with our budget plan
  • Write a new blog post at least once a week so you all know that I am alive

That’s just a start. I know that it is going to take a lot more than this to help me to get to financial freedom, but every journey begins with that first step.

Although I have taken many wrong paths during my journey I have enough breadcrumbs to lead me back in the right direction to get back on the right path. The least I can do is enjoy the scenery while I am taking the journey!

Y’all help me stay on track okay?

Have you ever been off course and found your way back? Are you off course now and trying to find your way? Leave me a comment and let us know your plan of action.

With Luv,

~Cris

 

 

 

 

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