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Welcome To MyFamilyOnABudget.com!
I'm so happy you dropped by here at my personal finance website. I try to write personal finance stories going through life with 2 girls. I aim to inspire, motivate, and educate while laughing along the way beating debt and building wealth.
Personal finance has been a passion of mine since my wife and I took Financial Peace University back in August 2011. You can read our entire story here. Since then, we've paid off all of our debt other than our home mortgage, totaling over $27,000 over 2 years. We've continued to work the FPU baby steps and now have a fully funded emergency fund as well as are actively investing.
This website aims to inspire you by sharing our net worth reports, motivate you by sharing different stories of people winning with money and educate you with informative personal finance articles that are easy to read and relate to with actionable content that you can put into place right away.
I hope that you will grab a cup of your favorite beverage, mine is coffee flavored with french vanilla creamer, and read and take action on the information that's being shared here! Hopefully, as you learn to get control of your finances as well, you will share your story to help motivate and inspire others as well. We are here to learn from one another and I can't wait to hear your input on any of our posts in the comments section of your favorite posts!
The other day I decided to check in on one of my favorite things, my Phillip Morris (Altria) stock (MO). When I was younger, I used to think that I would just invest all my money into dividend producing stocks and I would be rich. But, because of dumb financial mistakes and bills, I ended up cashing out almost all of my investments. I did, however, leave myself one share of one stock just to see what it would do over time though. And that one stock ended up being Phillip Morris (MO). I have held one share of MO […]
Formulating a household budget is important to put the family finances in order. Though, there’s no such formula for creating an ideal household budget, there are some basic strategies which can help you create a proper monthly spending plan. Remember, your budget should be ambitious, but realistic. At first, start with paper and pen to compose a budget according to your lifestyle. It will help you to become familiarized with your income and expenses. Gradually, consider using a spreadsheet program for easy updating. Though, the whole task is not so easy, you need to understand that the key to making […]
An awesome month for sure as we grew our emergency fund savings a lot this month. See how we did it in this update.
There are a ton of financial challenges out there. Today, I am going to feature a few that I feel would be great for you to look at and possibly try. Challenges are great and allow for us to focus for a certain amount of time on a goal. I don’t think that going through these is ever going to result in someone being worse off then when they started. Take a look through the list and make sure to click over to get more info from the websites I’ve linked. I would love to know if you’ve taken these […]
So, I got to thinking the other day and started reflecting on some habits that I’ve developed along the way while working through my financial journey. I thought by sharing them, I would hopefully get you to reflect on your goals and things to focus on while you are on your financial journey.