Today, we talk about deb payoff and I will share with you the things I waste my money on. Why? Because this is part of the process if paying off debt.

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Spring is Coming!

• Setting out the seedling schedule (some start this weekend)
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• Early weed controls need to happen now
• Scooping poop
• Anti chicken defense fencing going up
• Outdoor hydroponics systems setup (and planning for the worm casting juice experiment)
• Also: Pigs or no pigs?

Main topic of the Show: Wasting Money While Paying Off Debt

I have been meaning to share with yall my journey to pay off bad debt - as in revolving debt - which started 4-5 years ago and has been a pretty bumpy road. But the end of my journey is very close at hand and over the years, my needs and wants have changed dramatically.

How I ran into trouble:

• A practice of putting things on low interest cards and paying them off (real estate and home improvements)
• Spending to fill an emotional void or cheer myself up
• A lifestyle of travel for work and not keeping my financial house in order -- upwards of $10k a year would go on my credit cards and no expense reports would be submitted
• An instant gratification mindset
• Am ever-increasing salary

Biggest two: the mental and emotional issues, an expensive paperwork aversion

The antidote:

• Dave Ramsey - emergency fund: with alterations
• Cash/Budget/Failure/Success
• Fits and starts and why
• Sell all the things, unless they do not sell then give them away (getting the house in order)
• Beans and rice, rice and beans did not work: Mental and emotional health and its impact on the process, scarcity mindset, if you feel poor you are poor
• What did work: commitment to paying it off with a schedule and decision to all all “extra” money to the project | much larger emergency fund | bringing down monthly costs | building in a non-poverty mindset with things that don’t count as debt payoff

Behold the list

• House cleaning of $100/month
• 3 alcoholic beverages at home per week
• A really nice home espresso maker
• Imported chocolate
• Non-budget food: grassfed meats, etc (How I control cost on this)
• Biweekly counseling appointments
• Pets
• Amazon Prime (soon to go away)
• Travel to workshops and events
• Home improvement
• Seeds and plants
• Food Preservation Purchases (The $800 cryovac an how I made that decision)

What is not on the list (very often)

• Buying coffee, dinner, fast food out
• Concerts, etc
• Expensive travel, cruises, etc
• Corporate wardrobes
• Keeping up with the Joneses devices, cars, clothing, hair, makeup, shopping items, decorations, furniture, etc
• Charitable contributions beyond my means
• Crypto currency investment schemes
• Casino time
• Nights at the bar

You can do this!

Make it a great week!

GUYS! Don’t forget about the cookbook, Cook With What You Have by Nicole Sauce and Mama Sauce. 

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