It All Begins With Baby Steps.

Hi, welcome back to the blog.

So, in my last post I mentioned that in 2015 I got to the point where I was in a very bad place financially and decided that I’d had it. Enough was enough, and I was ready to change.

If anyone is reading this, hoping I’m going to describe how i found a magical way to pay off debt and learn to manage money better without any hardship or sacrifice, then I’m sorry but that isn’t what you are going to hear.

It was (and still is) difficult. It takes time and sacrifice, as well as hard work and perseverance. But i promise you that it’s also going to be worth it.

So, I sat there at my kitchen table, despairing about my financial state and turned to Google, naturally.
I Googled ‘how to pay off debt’, ‘paying off debt quickly’, ‘how to save money’ and nothing I came across really struck a chord with me. I didn’t need to go bankrupt and I wasn’t interested in making minimum payments of £1 a month forever, or not paying my debt off (I was, and still am, under the impression that if you borrow then you also repay), I just wanted someone to tell me how I needed to start!
So, I then went onto YouTube and typed in ‘how to pay off debt’. Instantly, the first video called ‘How To Start Paying Off Debt’ popped up and i watched.

https://www.youtube.com/watch?v=BOrcOJSoNFU

I listened to a caller on this live phone in show describe how he wanted to start paying off his debt but just didn’t know how. That was exactly how i felt. I continued to listen when the host of the show, Dave Ramsey, told him that in order to sort it out, it was going to be uncomfortable and radical.
He talked about making a budget and then selling everything in sight to put towards your debt.

I was scared! I’d never heard someone say that before! But it made sense to me. How could i sort out my finances if i didn’t even know how much money came in, how much went out, and what i was spending on?

So I wrote my first ever budget. Although it wasn’t perfect, and was constantly added to and changed over the next few months (i forgot to add a lot of things), it was a start.

Over the next 2 years i sold everything that wasn’t nailed down, didn’t participate in almost anything that cost my money, didn’t buy new clothes (except school/work uniforms and shoes for me and the kids) and dedicated my whole life to paying off £12k of debt.
I’m a single mum on a low income, working full time in retail, so it did take me longer than some people. But I really don’t care. I still did it!

Now I am following the rest of the BabySteps as set out by Dave Ramsey, in order to build wealth. I’m currently on Baby Step 3, which is to save 3-6 months worth of expenses.
I still live frugally, so this blog is all about cheap but healthy recipes, how to save money around the house, and all sorts of other money saving content.

If you are interested in reading a review of The Total Money Makeover, the bestselling book by Dave Ramsey, Emma over at My Debt Diary has a great post here

Thanks for reading.
C.

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