Searching for "our financial story"


Mar
2015

How to Protect Your Marriage from One of the Most Common Causes of Divorce

categories: financial freedom, marriage, our financial story

No one gets married thinking about divorce, but we know it happens to so many couples. If we could figure out what causes it, would we try to avoid it? OF COURSE WE WOULD. We’re not dumb. There it is in black and white, on every list of the most common causes of divorce: money and financial issues. Here’s the thing – it isn’t a lack of money that makes the list. It’s the issues that come from not being on the same page financially with your spouse – not seeing eye to eye about money. Maybe one spouse is a spender while the other is a saver, or one insists on controlling every aspect of the finances without letting the other have a say. What is comes down to is that if you aren’t on the same page, with the same vision of your financial future as your spouse, there will be issues. So, how do you get on the same page?

How to Protect Your Marriage from One of the Most Common Causes of Divorce

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Aug
2013

Frugal Friday: How to Set Your Monthly Grocery Budget {And Stick to It}

categories: budget, financial freedom, frugal, meal planning
For the past four years, we have followed the Dave Ramsey financial peace plan.  A huge part of this plan is writing down and sticking to a monthly budget.  We tell every dollar where to go, including what we spend on food.  Setting and sticking to a budget is the number one thing you can do to become debt free and find financial freedom.  If you are bogged down by your finances, know that freedom is possible.  We are living proof.  You can read more about our financial story here.  Both of us were once deep in debt and we have now been debt free for almost 4 years.  Today I’m sharing how we set our monthly grocery budget, and a few tips that help us stick to it.  
1) Track your spending.
Before you set your grocery budget, it will be helpful to track your food spending for one month.  Keep you receipts and add up your totals at the end of the month.  Was this a typical month or was your budget off kilter because of guests visiting, birthday parties, etc?  Add or subtract to accommodate those factors.  This will give you a ball park figure to add to your total budget.
2) Create your larger monthly budget.
Your grocery budget is a part of your larger monthly budget.  There are a multitude of budgeting tools out there.  We prefer Dave Ramsey’s Total Money Makeover budget tool.  It takes you through setting up a budget step by step.  If you want to do it on your own, simply write down your total monthly income and start subtracting your expenses.  Account for your tithe or giving, rent or mortgage, utilities, and then groceries, and any debts.  After the essentials you will see what you have left to spend on the non-essentials like dining out, gifts, travel, etc.  You will probably need to tweak the numbers a few time to get everything just right.  Don’t be discouraged if it takes you a few months to get it right.  
3) Take your grocery number set in your larger budget and divide it up.
How much do you usually spend on meat?  We buy meat only when it is on sale and freeze it in individual baggies or in freezer meals.  We also eat at least one vegetarian meal every week to reduce our spending and our environmental impact.  What are your budget busters? Alcohol, fancy cheese, brand name foods, seasonal items… Each week you will want to make sure your basics are covered before you buy a bottle of wine or (in my case) a fancy cheese.  Goat cheese is my love language, y’all.  If you are a soda drinker, wait until they are on sale and stock up.  One month we busted our grocery budget buying Christmas candy.  I’m so not kidding.  
4) Meal Plan 
Write down your dinners for the week and stick to the plan.  I’ll share more about how we plan our meals next week, but know that without a plan it is easy to lose track of your spending.  Some folks use coupons to help them plan, but I have more luck shopping at Aldi.  When we started shopping there it cut our budget by almost 40%.  Seriously.  They aren’t a sponsor of this blog (but the totally should be), we just love the store.  We gave up name brands almost entirely.  There are a few products that truly are better with name brands, so we look for coupons for those favorites.  
5) Use cash envelopes.
Take out the entire monthly grocery budget in cash at the beginning of each month.  Put it in your grocery envelope and take it with you every time you go to the grocery store.  If you run out before the end of the month, try your best to use what you already have on hand and get creative.  Using cash will help you immensely as you try to stick to your budget.  
How do you keep your grocery spending on track? 


Jan
2014

Dining Out in Dallas for Under $20: Burgers and American Food

categories: DFW, dining out

American food and burger joints are often family friendly but can run the gamut from fast food to gourmet.  Here in Dallas there are a million options if you are craving a burger and fries, but some of them will break the bank.  If you’ve read about our financial story, you know our dining out budget is TIGHT.  This list will give you the top ten burger and American food restaurants where a couple can eat for under $20.  At a few of them you can even feed a family of four for under $20.  From plain jane to funky toppings, however you like your burger you will find great prices and quality food at all the restaurants on this list.  Step away from the golden arches and head for one of the great options below.

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Jan
2013

Frugal Christmas: Five Easy Ways to Save Money Next Year

categories: family, frugal, our financial story
This year marked our fourth Christmas being debt free with no credit cards!  I cannot believe it has been that long.  The sense of freedom when debts are gone doesn’t go away or lessen over time.  When we started following the teachings of Dave Ramsey’s Total Money Makeover and Financial Peace University in 2009 we had NO idea how much our lives would change for the better.  You can read more about our financial story here if you’re interested.  This past year we transitioned to one income.  Funny story: I actually called in to Dave Ramsey’s radio show to ask if we were okay financially to quit my job and become a stay at home mom in a few months and he told me to do it that day.  I waited six more months, but it was so great having the advice our one of our financial heroes.  Christmas is a tricky time for money and frugality.  We all want to make it special for ourselves, our kids, our friends, our loved ones, and even our pets.  It is totally possible to be frugal and still have a fabulous gift giving, charity helping, generous, festive Christmas.  I promise.  We’ve done it for the last four years and we get better at it every year.  
To start you off I’ll share five easy ways you can start NOW to have a frugal Christmas next year.  
1)  BUDGET!!!  Yes, I mean it.  Plan now for how much you want to spend on everything from decorations to Santa gifts to cookies for your child’s classroom.  Christmas will be here on December 25, 2013, just like always and as Dave says, it is not an emergency.  If you set your budget and start putting a little bit aside in your gift or Christmas fund in January, you won’t be strapped for funds and it will make it easier to save on other things.  Don’t know where to start? Write down how much you spent this year on everything.  If you will be paying it off for months you know you will have to reduce.  I’ll share our Christmas budget as an example.
Cards: $20 
Stamps: $25 
Gifts to each other: $200 ($100 each) 
Gifts for Bear: $50  
Gifts for Family: $160  (We draw names but still buy a little something for our parents and nieces/nephews.)
Decorations: $20
Total: $475
That total may seem super low to some of you and super high to others.  Jed polled his 9th grade students and they guessed overall that we would budget to spend $500 each on each other and about the same on Bear.  Let’s just say they are a little bit confused about how much their teachers get paid.  Our budget will go up next year with our new addition, so we will probably budget $50 per month over the year.  If you like to do holiday specific charitable giving, plan for that as well.  We give monthly to our churches and causes, so we don’t do a big year end gift.  Most folks do get a lot of charity asks in December though, so it might be wise to set aside a bit to cover the unexpected.
2) BUY ON SALE AND HIDE  I start looking for Christmas stuff at after Thanksgiving sales, the year before.  Then I strategically hide everything.  All of the Bear’s presents were purchased at consignment sales, thrift stores, garage sales, discount stores like Ross and Marshall’s, or were at least 50% off at retail stores.  They all looked new and he loved them.  The wooden activity block came from a Rhea Lana consignment sale and cost $12.  They retail from $75 to $150.  I bought it in October of 2011 and saved it for this year.  Your toddler will never know that you got that doll off Ebay, I promise.  We have all fallen prey to the “my baby deserves the best” ploy so many times.  Your baby deserves a stable home with no money problems.  This premise applies to other categories as well.  Decorations are on clearance everywhere right now.  Buy Forever stamps for next year and set them aside.  They will only go up in price.   
3) LOOK FOR DEALS AND THINK AHEAD  If you like to send out photo cards, take a cute family picture in  August and have it ready.  Sign up for emails from printing sites like Shutterfly, Tiny Prints, Minted, and Snapfish.  Companies start sending out emails offering 10 free cards in September this year.  I sent out about 50 cards and paid around $12 total using deal emails like those.  I ordered from several different sites and only paid shipping.  On other things always shop around.  Always, always, always check Amazon.  Download the app and do it in the store.  Target now price matches year round, which rocks.  
4) USE CASH MONEY, HONEY  Studies show that your brain actually reacts differently when you use cash as opposed to cards.  You feel it more and it triggers pain receptors.  This is a GOOD thing.  Remember that money you budgeted each month in #1?  Take it out of the bank and put it in an envelope marked “gifts” and use that to make your purchases.  If you find a deal online, write that amount on the envelope and put amount of cash back in the bank.  Using cash is hard, but it is worth it.  By the end of the holidays next year you will know exactly how much you spent and will have paid $0 in interest on your cards.  Winning.  You can read more about how we use a cash system year round here.  
5)  MAKE MEMORIES, NOT MONEY MISTAKES  If you think back on all your holiday gifts and experiences, you will probably be hard pressed to remember more than a few gifts.  What I remember most are the experiences: cooking together, driving around to see lights, decorating the tree, caroling (or kazooing – I had a really fun youth pastor),  volunteering, Christmas Eve services, etc.  Think about what makes your holiday special to you.  Ask your spouse or siblings what matters to them.  Most people probably won’t say the gifts.  Draw names and set a price limit with your adult siblings, their spouses, and parents to take down the stress level for everyone.  We do a $50 limit with my family.  Buying one thoughtful gift for a family member is sooo much nicer and less stressful than buying 18 crap gifts for the whole bunch.  Give priceless but cost free gifts to friends and family like a night of free babysitting or offer to take their family photo.  Use your natural talents to make special presents for your loved ones.   Our consumer culture has turned Christmas into a competition, instead of celebration of God’s love for us and our love for each other.  Let’s take it back. 
How do you save money during the holidays?
Do you plan ahead?  
Send me your favorite frugal holiday tips by email or blog post comment and I’ll link to you in an upcoming post.  


Jan
2013

Best of Bare Feet on the Dashboard: Frugal Living Edition

categories: best of bare feet on the dashboard, budget, financial freedom, frugal, our financial story
For folks who knew me back in my wild and crazy shopaholic days, the fact that I live my life debt free with no credit cards and write about frugal living probably comes as a shock.  It’s the real deal though, y’all.  My life changed completely when I came to the realization that if I kept digging holes for myself I would never have the life I wanted.  I was never a saver and always lost at Monopoly because I just had to have those hotels.  Now we live by the Dave Ramsey code of conduct and have a 6 month emergency fund.  Crazy! You can read about our financial story here, and I’m sharing some of my favorite frugal living posts from the last three years with you below in celebration of my three year blogging anniversary.  
Cash Money Honey
We use cash instead of credit cards.
Frugal Pregnancy Tips
Buying a Used Car with CASH
Creating an Emergency Fund
Grocery Shopping at Aldi
It will cut your grocery bill in half, seriously.
The Road to Financial Freedom
Financial Peace University Changed Our Lives
Budget Busting Temptation
How to Save 20% On Your Medical Bills
For real!
Mad Money
This explains how we budget our monthly spending money.
Are you debt free?  If so, how did you get there?  
Share your best frugal living tip in the comments below.


Sep
2012

Frugal Friday: Mad Money $$

categories: budget, financial freedom, frugal, our financial story, shopping

When folks find out that we are on a strict budget, they often ask questions like, “How do you buy things that just YOU want?” or “Do y’all get frustrated with each other if the other spends too much money?”  Before we went on the budget I had so many questions like those.  We would try to be frugal and something would come along we just had to have, we’d buy it, and then feel guilty.  One of my favorite things about the budget we have now is the concept of mad money.  Every month we budget in a certain amount for both Jed and I to get mad money.  This money is ours individually and we can do with it whatever we want.  WHATEVER WE WANT.  If I want to buy a ridiculous pair of shoes, I can do it.  If Jed wants to buy an expensive flashlight (happens often), he can do it.  We are not allowed to get upset about the other one’s mad money purchases.  Our current mad money amount is not that much ($50 each), but it is plenty to get something we want or save up.  We also get $25 each per month for clothing, that we save up.
One difficult thing about mad money is that we are always trying to convince the other that our intended mad money purchase should really come out of the house fund or the car fund or some other fund.  Sometimes this is true, and we work that out.  Sometimes it isn’t. Our house does not need yet another flashlight.  Sorry darlin’.  The other downside of mad money is that if you make a mistake, your mad money has to pay for it.  For instance, Jed got a speeding ticket the other day, and his mad money fund took a big hit.  Bummer.
Mad money is one of the main reasons we are able to stick to our budget.  I love that I have the freedom to buy whatever I want as long as I have enough mad money.  For a born shopper like me, this is HUGE.  I’ve told y’all before that doing Dave Ramsey’s Total Money Makeover and sticking to a budget has been the best thing ever for our marriage.  With the budget and our mad money funds, we never fight over money.  Ever.  You can read more about our financial story here.

Do you have a mad money fund or something similar in your house?  


Aug
2010

Frugal Friday – What a difference a year makes…

categories: financial freedom, our financial story

One year ago this week we were driving down to Kingwood, TX, for Jed’s ten year high school reunion. The photo above was taken at the reunion. Jed had been telling me about this guy Dave Ramsey who had a plan for our finances. We stayed with Jed’s brother Sam and his wife Michelle, who were on the plan. On the trip down we listened to “Debt Free Friday” on the Dave Ramsey radio show, and I cried every time one of the famillies screamed, “We’re debt free!”. Over the course of the weekend, with some major encouragement from Sam and Michelle, we decided to jump on board. We made a budget, joined the “Total Money Makeover“, and were on the road to financial freedom.

We cut up our credit cards and started using cash. We got serious about paying off our debts. In four months we paid off $13,000 worth of debt, and were totally debt free for the first time in our lives. Then we started saving up and emergency fund. You can read more about that here. We finished our emergency fund in May with 3 months of expenses saved in an account we don’t touch. In July we started Baby Step 4, investing in our retirement. We are also saving for our first house and for a baby.

I cannot believe that it has only been a year since we started this journey. I cannot express in words the freedom I feel. We don’t make very much, and don’t have much hope of salary increasing. I’m in full time ministry and Jed is a teacher. Even with our modest earnings, we have found financial peace.

Just so you know how we have struggled in the past, I’ll sum up a brief financial history of us for you. In college we both got credit cards in the student union for the free t-shirts. We both started off paying them off each month. Then I started using mine to travel, go to concerts, etc. Probably the worst thing I did was put 5 plane tickets to NYC on my card for my friends. When they paid me back I didn’t put they money towards the card. It took me 8 years to pay for that trip. I don’t know what Jed spent his money on, because we didn’t know each other then. He came out of college with a mountain of student loan debt plus his credit cards. I spent the next few years being consistently late with payments, dodging calls from creditors, and still spending. I bought a brand new car I couldn’t afford, only to have to sell it a year later for a $3000 loss. In 2003 I consolidated $15,000 of debt into a loan. I promptly began to run up more debt. In 2005 I consolidated all of my new debt, $12,000 worth. I paid all of my debts off by the summer of 2008. Jed brought into our marriage the $13,000 worth of debt that we paid off this year. Basically we were both not to be trusted with credit cards, and in a finacial mess. Now that mess is gone and we are free. I never have to worry about a creditor calling me again.

Do you budget? Tell me about your financial story.

Click below to make a quick budget for yourself.


Mar
2016

A Shift in Focus

categories: blogging, family
IMG_1222 (1)
My view while speaking at our YoungLives North Central Texas Girl’s Night Out.

If you are a faithful reader here on Bare Feet on the Dashboard, you’ll know that I’ve been involved with Young Life ministry in many different capacities over the years. I stepped away from a full time role in ministry four years ago, and this blog that was just a hobby became a way to provide for my family and fill in the gap in our income made by leaving my full time job. It was truly a gift from God, and the success of this blog was truly God’s provision for my family. Thank you all for being part of that journey. Every page view and link clicked helps us, and we greatly appreciate you. I never set out to be a career blogger, but I found myself with an accidental full time job here on the blog. Things became overly commercialized, and with every paid advertising post a little bit of the joy was sucked away. This blog became something I never wanted it to be.

Towards the end of last summer, I knew that God was pushing me to shift my focus from working on this blog to working part time for Young Life again. Though I’d had a seasonal part time job with Young Life over the last few years, this new job would require more of my focus and attention year round. While I was sad about setting aside this space I’d worked so hard to build, the ministry of YoungLives (YL’s outreach to teen moms) captured my whole heart and ignited my passion. By December I knew it was time to let go of the blog completely. I walked away completely for three months. I don’t know whether or not my voice here was missed, but I felt like my subscribers and followers deserved an explanation.

I will still post here occasionally, but I promise it will only be when I am truly moved to write by joy, passion, or need. The content on the blog will stay up as long as it makes financial sense to continue to pay hosting fees. We no longer depend on the blog for income, and the freedom that brings is unbelievable. I will still be sharing about our life – mostly on Instagram. Please feel free to follow our adventures there @barefeetonthedashboard.  Thanks for being part of our story.


Feb
2015

Why We Don’t Use Credit Cards… EVER

categories: budget, financial freedom, frugal
Why we don't use credit cards... EVER. Our story of financial freedom.

Why we don't use credit cards... EVER. Our story of financial freedom.We don’t have a single credit card, and don’t plan to every have one again. Why? So many reasons. We cut up our cards over five years ago and haven’t looked back. Today I’m sharing my story with credit cards, how I got in to BIG trouble, got out of it, got in to even BIGGER trouble, got out of it again, and found freedom from the plastic cards that were ruining my life.

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Nov
2014

Five Ways to Simplify the Holiday Season & the Festive Family Holiday Giveaway {$1800+ in Prizes}

categories: holiday

5 Ways to Simplify the Holiday SeasonThanksgiving, Christmas, Hanakkuh, Kwanzaa, Pancha Ganapati, New Year’s Eve… whatever you are celebrating during the November and December holiday season it is a busy time that can be taken over by stress, social engagements, financial worry, and anxiety. This year I want to have a festive family holiday full of joy without stress. I’m sharing 5 ways we can all simplify the holiday season so we can focus on the joy and share it with others. I’ve teamed up with an amazing group of bloggers from around the world for our Festive Family Holiday Hop and Gift Guide Giveaway. At the bottom of this post you’ll find a HUGE giveaway with 4 prize packages to take care of everyone on your shopping list plus links to find out how the other bloggers are sharing the joy of the season.

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