Through college, my parents payed for my rent, they gave me an allowance, and helped pay the remaining amount of my college tuition, after scholarships. I also worked a job during the semester and had several different jobs in the summers. Still at the end of each month, my bank account balance fell below a dollar.
Obviously, I am not the financially savvy type, which is why I married Zack.
He’s the most amazing saver I have ever met. He knows and understands the stock market, and he’s an expert when it comes to budgeting.
In his words, here’s how to get out of debt, spend less, save more, and enjoy life.
Gracin’s right. Each month it would drive me crazy that she’d be completely out of money. I calculated that at one point she was spending $112 on Starbucks each month. So, Gracin is an extreme case, but thousands of people struggle financially.
Since I got married to Gracin, I had to start developing specific strategies and thinking through some of the habits I have used to save money.
Here’s what we’re doing, in this order. We are hoping this might help others:
This is by far the most important and necessary step because you can’t save and invest without being out of debt. Gracin and I were blessed enough to graduate without student loans, and Maw Maw, Gracin’s grandmother, gave us a free place to live for a few years. However, Gracin’s transmission went out in her bug, and we had to get her a new car right before Christmas. I put as much as possible down on the car, but with that and the honeymoon, we still had about two thousand dollars of debt to pay off. To get out of it, we…
Being responsible is important, but living is important too. Plan trips and go on a date. Don’t let saving keep you from living.
Save for a reason and combat greed by giving.
The Lord has called us to be free- free to give and free to live. Don’t let your finances tie you down. And remember money is the root of all evil. He is the only true fulfillment and satisfaction we can get.