Turbo Tax

Sunday, November 1, 2009

My Story of Frugal Living - Part I



Our journey of frugal living began a little over 3 years ago.  I read Dave Ramsey's Total Money Makeover and my life was forever changed in a great way.  While we tried to watch what we were doing with our money, we didn't have a good plan to follow.  We stayed out of debt for the most part and tried to always have money in savings, but there was no plan, if a great deal came up we used the money in our savings.  We made a pretty good income, so we could afford to be a little lax, or so we thought.

Then our income was drastically cut and we had no clue where to go from there.  I had just had a baby so the hormones were flying!  We were in the middle of a MAJOR remodel on our house.  And as often happens in a remodels we went overbudget and with the pay cut it felt like things were at their lowest.

I read Total Money Makeover early in 2006, however my husband was doing the majority of the remodeling so it was hard to plan anything together.  Finally in September 2006 we were all moved into our new house.  I went back and went through the book again and now I had a path to follow.  Unfortunately due to our poor planning with our remodel, we had acquired more debt than we had anticipated.

To be continued....

I decided to split this post up.  It was becoming quite lengthy.

Here's the rest of the story:  Part II

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