New Home: Financial Makeover

With our recent move we've decided to do a huge overhaul on our finances.  Munchkie's Daddy is starting his doctorate program and is receiving a living stipend for the first time, small as it may be, and it's a huge help.  We have watched our friends all buy houses, and it kills me (and Munchkie's Daddy too I think) to continue throwing money away on rent.  We are currently living in this ridiculously tiny apartment so that we can save money on rent since this area is unbelievably expensive.  We both read Total Money Makeover by Dave Ramsey and are going to begin to aggressively attacking our debt.  Hopefully at the end of Munchkie's Daddy's five year stent, we're going to be ahead a little bit and will be able to buy a roof over our heads instead of giving that money to someone else.

My good friend over at Our Tiny House recently posted about her family's plan to be frugal.  She stays at home with her super cute little girl and shares how they make it work on one income. 

Our Tiny House- My Frugal Family

I have always admired her thriftiness and creativity.  She's amazing at finding hidden treasures at garage sales and thrift stores, getting great deals everywhere she goes.  That combined with her organization and financial structure make her the epitome of frugal.  For example, her she talks about disciplined they are "First off, I keep track of every penny we spend, where it goes, what it was spent on. This way, at the end of the month, we can see where we went right, where we went wrong, and what we have."  She also gives an example of the things that she and her mother have found thrifting and garage saleing and it's incredible!  Click on that link above and read her plan, and I highly recommend Dave Ramsey's Total Money Makeover.

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