Hello BeingFrugal readers! I look forward to getting to know you in our journey here.
By way of introduction, I’ll tell you a little about myself, my frugal living story, and my family’s goals with money.
I hope that you’ll leave comments on your favorite topics to read here—perhaps I can throw another perspective into the mix? I’ll put my quick and easy version here, but you can also follow the early steps of our family’s money story at www.thepennywisefamily.com or my posts on DebtKid.com.
Who am I anyway?
I confess—I still ask myself that question every day! I’m a mom and wife, and a small business owner. Dishwasher, Taxi Driver, missionary. You get the idea, whatever I need to be. Our family includes a couple of cats and our two daughters, ages 12 and five, who we adopted as older children—the oldest when she was seven and the youngest when she was three years old when they joined our family. We joke that adopting older children is like “extreme parenting.” The rewards are many, but we don’t look like your typical family. We wouldn’t change a thing about our family. It is perfect!
We live just outside the Seattle area and stay busy in our community, gardening, volunteering with our church, and schooling our kids at home via Internet academy. When I have the time and money, I play ice hockey, but I haven’t been on a team in two years due to a back injury. Our youngest daughter was born with a serious medical condition requiring lots of medical appointments, so schooling at home helps us to attend all of those without getting behind in school.
My husband has a good job working for the state government. He is the best husband/dad one could ever hope to have!
Why so frugal?
Frugal wasn’t our first choice. We started off with high-profile jobs and good incomes. I worked in companies with serious “consumer cultures” and we were active in politics. I come from a family that wasn’t frugal, but my husband’s family was.
Right after we brought our youngest daughter home from Ethiopia, I was laid off from my job. We landed with a heap of adoption loans, and other consumer debt, and suddenly our household income was cut in half. We were also faced with the huge commitment of meeting our ill child’s needs and medical bills.
We decided to make a 100% lifestyle change. We launched our business from home, and started slashing lifestyle like crazy. Serious budget triage (more on that next) followed by some serious hustling to get cash in the door.
Next month, we’ll be debt free, and we’ll have paid off $75,000 in five years.
What is the system?
We’ve been using the Dave Ramsey program from My Total Money Makeover/Financial Peace University for the past two years. We’ve gotten the best results from this system.
We’ll maintain the lifestyle change. We actually like it. We’ll live smaller, give more, and we’ll travel. Not just any kind of travel. We hope to do service travel. We have a trip planned to East Africa later this year, where our whole family will be involved in building water purification systems and a school for a community in South Sudan. We set the goal to pay off our condo in the next five years, enabling us to serve even more people and communities, and giving us the ability to cash flow our oldest daughter’s college tuition.
Best of all, we live with peace of mind, with financial security. As a result, our health is better, our marriage is stronger, and we are able to focus on things that truly matter—like parenting, and nurturing relationships that are important to us.
Ok, I’ve spilled my guts. Blogging will feel so much less lonely when I hear from you, the readers! What are your goals? Why are you here? What do you hope to learn from us? Let me know, and I promise, we’ll deliver!
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I'm just an average mom, trying to live a frugal life and get out of debt. I write about things that have (and haven't) worked to improve my family's financial situation. What works for me may or may not work for you, and you should always consult a financial advisor before making important financial decisions.
In accordance with FTC guidelines, I state that I have a financial relationship with companies mentioned in this website. This may include receiving access to free products and services for product and service reviews and giveaways.
Any references to third party products, rates, or websites are subject to change without notice. I do my best to maintain current information, but due to the rapidly changing environment, some information may have changed since it was published. Please do the appropriate research before participating in any third party offers.