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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!
Planning out how you will spend your paycheck on purpose and on paper before you receive the money is a surefire way to increase your cash flow.
So, what has been happening since August 2015? A LOT! In this time, we have purchased a vehicle, sold our other vehicle, received an inheritance, started funding our retirement much more, started putting money that we’ve saved into our sinking fund towards our vacation, among other things.
Lately, I’ve been working on building out one of our rooms in our basement and transforming it into a home theater room that our family can use to have movie night and binge watch our favorite TV shows. It’s been a dream of mine since we first looked at the house before purchase and I’ve continued to put it off for the almost six years we’ve been living there. We finally decided to take the plunge and start building it and there have been many compromises along the way.
College fund planning. Every parent has wild dreams of hoping to make their child’s upbringing a little better than their own. It is natural to strive for this and is noble as well, as long as you are not sacrificing your own retirement, otherwise we are just trading one problem for another. Over the past week, I’ve been taking some time to go over some research about how much our family is going to need to send our 3 and a half year old and our 1 and a half year old to college when they hit 18. I thought […]
So, Sunday morning I was hustling around and trying to get as much done before having to head out to church, taking advantage of my wife and kids being gone (they slept over at grandma’s house). It’s amazing the things you can get done when you are distraction free lol. Anyways, we have been going through Financial Peace University, and last week, we had the “Dumping Debt” lesson. Now, Jenni and I have been debt free, other than our house, since June 2013. But, for some reason, I couldn’t bring myself to actually close our two credit card accounts because […]