Blogging My Way Through Debt

 - Blogging My Way Through Debt

21 Days to Becoming Intentional About Finances- Day 2

21 days 2

Day 2- Determine WHY you want to be intentional about your finances.

It is hard to be intentional about our finances if we don’t have a reason to be intentional!  I can tell you that from experience!!  Back before we had children and both had full-time jobs, we honestly didn’t think twice about where our money was going.  As long as we had enough money each month to pay our payments that is all that mattered!

Then came baby…..we knew we wanted for me to stay home with Baby C and any future children so it was time to take a look at our finances and figure out where we could cut corners and make it work on one income!  Baby C was a great reason to become intentional about our finances.

Our WHY has since changed and we have several motivating reasons to be intentional with our finances.

  1. I want to never be tied to another payment for anything!  I have experienced the freedom of unleashing myself from several payments and am anxious to shake off the largest of all monthly payments!
  2. I want to work because I enjoy my job not because I have to!
  3. I want to give more to causes close to my heart!
  4. I want to teach my children how to manage their money wisely.  My husband and I were talking the other day about how our parents didn’t just buy us anything that we wanted.  We are both forever grateful that they didn’t.  Over those childhood years, they taught us that we need to work for the things that we want.
  5. As a family, we want to see and experience the world!  Growing up my family and I traveled at least once a year to different states throughout the U.S.  When I think back to my childhood, those trips are a HUGE part of my memory.  I want to give my children the same experience!  Not to mention, travel abroad and visit places I have never experienced!
  6. Once the house is paid off there are investments/purchases that we would like to make as a family.
  7. Having our house paid off will be cash in our pocket when it comes time to sell it!

What is your reason to be intentional about your finances?  Share your WHY in the comments below!  I would love to hear what motivates you!! 

  • debs@debtdebs says:

    For where I am in my life journey, #2 and #3 really resonate with me. I’m new to your blog, Mrs. Debtfighter, so forgive me for being so forward. One of the things I have learned through the readings of others is the importance of splitting your savings between debt repayment and investing. The latter being important so that your money has time to compound and grow through reinvested profits in new equities. That’s why when I got a small bonus this year I put it into my retirement investments instead of using it to pay off debt. Do you practice a similar strategy? The reason I ask is because of what you said in #6. Looking forward to following your journey. Cheers!

    July 11, 2014 at 10:34 pm
    • mrsdebtfighter says:

      Thanks for being forward, Deb!! :) I really do love hearing thoughts and suggestions. I have read similar but am nervous to get into investing because I am absolutely clueless. My husband has a great retirement and my retirement we rolled over to an IRA when I left the work force to be home with our boys. Are there any must-read blogs that you would recommend to read up on investing? The reason behind writing #6 is that a goal/passion of both of ours is getting into flipping houses (when the time is right for us). :)

      July 14, 2014 at 11:22 am

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