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FEEL your way to Debt FREEDOM

**FEEL your way to Debt FREEDOM**



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F.E.E.L. your way to debt freedom. It’s a four step process to get out of debt. In this video I outline the FEEL technique, and describe how you can use it to get (and keep) yourself on the path to being debt free.

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(sighing) – Hey, guys, it's Dana and
it's time to talk about money and in this video I wanted to talk about how to FEEL your way to debt freedom. (bell ringing) Now, actually in our family,
I am not the feelings person. I am more of the practical one and my husband is the
sensitive, feelings based, one in our relationship,
so kids always say, mommy is the mean one and
daddy is the nice one, sort of something along those lines. So, anyway, feelings. Getting in touch with your feelings. That is not something
that I'm fantastic at. However, this is not about
that kind of feeling, this is an acronym, FEEL is an acronym. I find at work everywhere I go, there are acronyms everywhere and sometimes I cannot stand them, because everything has been
shortened down into an acronym. However, I was listening to
the "Bigger Pockets" podcast which is one of the
podcasts that I listen to and they were talking about this acronym that they had come up with
and they were using it in regards to real estate investing and I think it's really
relevant to getting out of debt. I find that this acronym
helped with that as well, I think it's the exact
same thing you need to do to get out of debt, to pay off everything as fast as you can. All right, so I wanted to
share this acronym with you. FEEL, which is F, F stands for focus. In order to get out of debt,
you really need to focus on what it is you're doing on your goal, your why, why are you doing it? Just like anything you're
trying to accomplish, absolutely anything, if
you do not focus on it, it is not going to happen. You must focus on it, just
like when you were dating your spouse, most likely
when you were dating them, you were really focused on them and you were spending
all your time with them, your friends were probably yelling at you, hey, you never spend time with me anymore, that's 'cause you were
focused on that person and you ended up marrying them, right? And when you first have a baby, you're focused on your
newborn baby as you should be, so, things, in order to do well at things or to get them accomplished,
you need to focus on them, so, if you're trying to pay off debt, then you have to focus on it. Not obsess over it, but
focus on it as a goal, every single day, it's
something you have to have top of mind and whether
that means putting up some kind of board in your house, carrying a piece of paper
around in your wallet with you or just having conversations
everyday, listening to different podcasts
that relate to money, watching "Debt Free Dana" on YouTube, however it is, that you can,
you need to focus on it. Have it be something
you're thinking about. Correct? 'Cause otherwise you're
just gonna be like, yeah, whatever and it's
just gonna slip away and you're not gonna ever get there. So, the first is F for focus. Second is E and that is
for educate yourself. Educate yourself on best practices. Listen to others who have done it. Listen to people or read books
on how to get out of debt, what's the best plan,
something that has worked for millions and millions of people, you need to educate yourself
on how others have gotten to where you wanna get. Same thing with getting debt free. I followed Dave Ramsey's "Baby Steps" and that has worked for our family, it's worked for millions of others, but of course there are
other programs out there that you could follow, but just make sure that you are educating yourself on how others have done it. And I really like to listen to
a lot of different podcasts, I like to learn as much as I can and I try to read non-fiction books. I'm trying to learn from others
who have been successful. And who have done things that I wanna do. If I wanna be a black belt in karate, I have to train with a black belt. Someone who's gotten there, how have they done it,
I can't just read a book and suddenly become a
black belt in karate. Correct? So I need to learn from those who have done it, best practices. The third E is to execute. You have to execute on that plan. You have to follow the steps. If you don't, if you just
listen to a lot of podcasts, which I will raise my hand and say that for about a year, I was listening to the Dave Ramsey podcast, and we were not doing the steps. We just, we weren't doing it. We were not following
it and for some reason, it didn't even occur to me to follow it, I just was like, oh, this is entertaining, that's for other people,
and we didn't do it and then until one day, if
you see that video of mine out there one day, I realized, oh my gosh, we have, we have to do
this, this is for us. We have to actually do the steps. So, this is the same thing, if you know how to do something, because you've read the books, you've listened to
others, and you're like, oh, yeah, I know how to do that, but if you're not
actually doing it yourself then it's not going to happen. You have to execute it as prescribed, follow the steps as
you are being taught to and don't skip steps, don't
try to do it your own way, because your own way has not been working, otherwise you wouldn't be
looking for help elsewhere, correct? So, you need to execute on the steps. All right and then the very
last one is to learn, it's L, learn from your mistakes. Because you are going to make mistakes. Absolutely, you're gonna make mistakes. And when you make those mistakes, don't beat yourself up. Just try to learn from it
and then you can pivot, make certain shifts, try to change, try to correct things that you don't make that same mistake again. Obviously you don't want to continue to make the same mistake. You need to learn from that mistake and correct things that you can continue to move forward. And then just repeat,
repeat, repeat, repeat. Just continue to do, to do it. Just keep on the path and
I heard someone recently, doing their "Debt Free
Scream" Monday, Ramsey show, and they were saying that they believe that the key to getting out of debt, which I actually really agree with this, 'cause I would say the key is persistence. You have to continue to
keep your foot on that path, because I fully believe
the enemy is going to try to pull you off, drag
you off, push you off, and you have to try to stay on it, but they were saying it's
not necessarily persistence, but it is patience. Patience is the key, because
it is going to take time. Some amount of time and it's
very hard for many of us to have that patience
to stick with the plan, even when we fall down, get knocked off and we screw up, it's very
difficult to stay patient and to stick with it and
keep going, keep going, keep going 'til you reach the end goal. And eventually, you'll reach
it if you just don't give up and you have that patience for it. So, yes, patience is the key, right? Repeat, repeat, repeat,
keep following the steps and keep going, keep moving
forward towards your goal. All right, so that's the
FEEL acronym, like I said, I just really liked it, I
think that it's very relevant and I think that, that's
exactly how you get outta debt. That is the roadmap for debt freedom. If you can follow those
steps then you'll get there and then why do you wanna get out of debt? We wanna get out of debt so
that we don't have payments, so that all the money you're
earning, your income is yours to do what you want to do
with it, gives you choices, you can invest, you can save for whatever you wanna save for, you're not giving your hard
earned money to the bank or to someone else, so, owing
money definitely is a form of slavery and I just, it is
something within your spirit and so, I think when you get out of debt, it just gives you so many
more choices, options in life, freedom, literal freedom. So that is exactly why, so, all right. Hope that is helpful to you in some way. If it's your first time
here, be sure to subscribe, I'm here every single Tuesday,
talking all about money and we are a family of six,
living in the Philadelphia area and that's it, I'll talk
to you guys next week, bye.

Financial Journey Update | What I Learned About Budgeting and Saving

**Financial Journey Update | What I Learned About Budgeting and Saving**



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In today’s video I am giving a financial journey update. A few months ago I made a video about how I wanted to get my money right and today I am giving an …

✔️Stuffing Cash Envelopes for January | Dave Ramsey Inspired!

**✔️Stuffing Cash Envelopes for January | Dave Ramsey Inspired!**



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A successful month (and New Year) begins with completing our budget and filling our cash envelopes! It.is.SO.fun you guys! Do you use the cash envelope …

Budget With Me | Cash Envelopes | November 2016 | FrugalChicLife

**Budget With Me | Cash Envelopes | November 2016 | FrugalChicLife**



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Hi everyone! It’s that time again. Time to make your November budgets. Don’t forget to budget for that extra holiday food if you are hosting for Thanksgiving! Thankfully I’m not hosting this year;)

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Title Animations Credit:
Gabrielle Marie
hi welcome to my channel so it is that time again it is time for my November budget I didn't want to just briefly talk about how our budget went for October so there were a few unexpected things that came up the first one was an unexpected state tax bill that we received there was an errant one out income tax filing from last year and it was an era when our accountants part so unfortunately we received a bill for four hundred and fourteen dollars and some change for state taxes that we had to pay within 30 days so I did have to take that money out of our emergency fund which that is what it's there for but I was not excited about having to dip into that fund the other thing that happened was that we did have to have a plumber come in yet again we had a completely different issue this time it was some kind of pressure valve that needed to be replaced and that cost two hundred and thirty-five dollars to have them come in and replace that part that fund had not fully recovered from the last time so I use the money for our sinking funds for November to pay the bill for the plumber hey guys so this is my budget for November at the top here this is where I include income information my full-time part-time income my husband's income and any extra or supplemental income that comes into the house over here I list the pay date so these are my paintings I get paid bi-weekly and these are my husband's pay dates for November he gets paid weekly for the purposes of recording I don't include my tithe I don't include my mortgage information because that's very private and I don't feel like I want to share that right now this section is fixed expenses and other than my tylen mortgage the other fixed expenses are a home equity line of credit that's two hundred and seventy four dollars and eight cents on this side I include the due dates and then this column here I show what data actually paid it a show a one hundred and thirty dollars I actually already paid that I keep a separate account for utilities a supper checking account and I just transferred 350 dollars to that account every single month and then that way there's a little bit of extra cushion left in there because I have certain utility bills like for example my water bill that's only do once a quarter so with that additional cushion that's left over each month by the time the water bill is due for the next quarter then I can just pay that out of that same account internet and cable 175 dollars cell phones 158 dollars and thirty-three cents this next section is cash envelopes for this month five hundred dollars for groceries that's pretty much been the same for the last few months gasps two hundred dollars clothing I'm not filling this month dining out a hundred dollars personal one hundred dollars fifty for myself and 50 for my husband entertainment I'm not putting anything in this month because i believe i still have money left over from last month and then we have a birthday this month so i'm going to set aside one hundred and forty dollars for that the next section is for sinking funds and i'm actually not going to put anything into sinking funds for this month and that is because of the unexpected expense that we have with the plumber for this month and then hopefully in december i can get back to filling those sinking funds again for example the car maintenance fund is very low and the home maintenance fund is also almost completely empty and that's because of stuff that happened the last couple of months with the car and with the house that we want up having to come out of pocket and empty out sinking funds that's what they're there for I shouldn't feel bad about having to use the money it is reassuring to know that the money is there when I need it and then this final section here are other expenses college fund we put two hundred and fifty dollars in right now we hope to increase that hopefully sometime next year being inside we have three children now ameriprise three hundred dollars each month and that's towards investments it's kind of on the low end right now because I have been focused on paying off your student loan debt but maybe sometime next year once we sit down with the financial planner we may increase that as well as the college fund and a couple of you left comments on the last video the last budget video to explain a little bit about that about how we invest my husband nor I do any kind of day trading or any kind of invest in individually going in and actually buying and selling stocks I mean I'm not that well versed enough in that to feel comfortable doing that once or twice a year when we sit down with our financial planner we kind of give him an idea of how aggressive or not aggressive we want to be in terms of our investments and then we make adjustments based on how things are going how the market is doing so the landscaping is done for the month of November and won't resume again until the spring so what I did was take that hundred and fifty dollars that I would have put towards the landscaping take that money and put it in a miscellaneous fund because we need a snow blower I will not be caught out there like I was last year with a foot and a half or whatever of snow that we got here on the east coast with no snow blower and hopefully by the end of december will have enough money to get the snow blower and pay for in cash so that is pretty much what our budget looks like for the month on november so now on to the cash envelopes i'm going to be filling for cash envelopes for the month of november first groceries five hundred dollars a couple of questions that i do get about cash envelopes no i don't carry all this cash with me all the time my biggest worry would be that I would lose this so I do not carry all the money with me at one time the second question that I get is what do i do have still left over money if there is leftover money in any of the envelopes at the end of the month depends on what the category is but most of the time I will just roll it over and leave it in that envelope for the next month so for example if i'm going to have money left over is usually going to be in gas and i'll just leave it in there because that's one of those expenses that obviously varies from month to month so next month I couldn't eat more money it would be nice to have that extra twenty or thirty dollars left in there as a cushion next guiding out a hundred dollars gasps I'm going to put 200 in this month and then finally personal spending 50 for myself and 50 / Eric that's his 50 we do have a birthday in the house this month so i'm going to put one hundred and forty dollars aside for that okay and that I'm just going to stick back here so that is our budget for November if you have any questions feel free to leave it in the comments section below and I will be more than happy to address it thanks for watching it as always live well can be blessed you

6 Ways to Be Healthy on a Budget

**6 Ways to Be Healthy on a Budget**



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