This question has been taking laps inside my brain for a while – Should we focus on getting rid of our mortgage or take that extra money and invest? Here’s what we figured out:Scenario #1 – If we invest $800 every month for
At the beginning of the year we created our 10 goals for 2021. Some of these targets included – save/invest 10% of our net income, keep expenses below 70% of our gross income and pay at least $12,000 to our
Debt Free Lesson #3 – Mindset is the IGNITION, consistency is the GAS, extra income is the NOS ….. Sharing our ambition to become debt free with close friends, family and strangers (Debt Free Caribbean) sparked a variety of questions and comments.
Debt free lesson #2 – Staying Debt Free is a journey in itself …. Completing such a challenging goal – attaining debt freedom is a big deal. We can say that our confidence and egos were boosted. We felt FREE and ready
Debt freedom is just the beginning. Mannnnn someone needed to tell us this from the jump! We were banking on becoming debt free soooooo bad, it was all we could think about while on the journey …. let’s just finish the
It’s our 1 year debt free anniversary! In Jan-2020 we made our final consumer debt payment. This was a big deal for us because we had spent the last year feverishly working to clear our $67,000 in consumer debt. Our
We were asked to write this blog at the perfect time because we had just finished saving our emergency fund (EF). To start, an EF is a backup plan for unexpected life events such as job loss. This pandemic that
How are you coping during this gray period? Health is a top priority at this time, but finances have to be monitored as some workplaces struggle to stay afloat. We’ve decided to make some changes to prepare for this period.
We had a nice chat in our WhatsApp group about how we can save on Insurance policies. One of the methods discussed was switching our payment mode from monthly to annually. This information prompted a group member to call their
Reducing expenses is one of the things we continue to work on. There isn’t a day that goes by without brainstorming about what we can cut. Around July 2018, I had an expense reducing revelation 💡. The Backstory….In a previous post