Tuesday, February 21, 2017
Ever think to yourself, if only I could save ___ amount of dollars a month, then could do _______? Fill in the blank, everyone's story, dreams and goals are different. Even saving a few hundred dollars a month could be life changing for a lot of families. For most Americans just $500 extra a month could be to key to financial freedom. What could you give up to gain an extra few hundred dollars a month? Morning Starbucks runs, your gym membership or salon visits perhaps?
For some of us saving money or cutting out expenses is not enough, we just simply need more income coming in every month. For me it really wasn't so much about saving, I had already done everything could think of to save on monthly bills and expenses like, cutting out cable, not eating out as much, not going on as family outings, not going anywhere if have to to save on gas....all of these things helped, but not enough.
How life changing could it be for you and your family if you even saved $100 a month. Maybe that could mean starting a home based business, paying extra every month toward debt repayment. Maybe getting your son or daughter braces or replacing an old outdated appliance. Now just think what you could you accomplish if you saved 10 times that amount every month? How fast could you reach your goals? How monumentally life changing would this be for you and your family?
Sometimes you don't make a change this profound until you have no choice but to make it. Honestly we can all sit around and dream about saving money or making more money but the reality of it is unless you are willing to alter your mindset, your spending habits, how you spend your time and most importantly alter your way of living then you will be stuck living paycheck to paycheck. For me, I have had to make the decision to take a few steps back, take a leap of faith and say a little prayer.
Now before I get in to what exactly did in order to save such a large amount of money. Let me first explain how to came to the conclusion that had to make a BIG move.
So this decsion was not one that I made over night. It took a lot of sleepless nights, notes, planning, calculations, meditation and prayer to come to the conclusion I had to make a drastic choice. In August my income was basically cut in half....yes half. Now let's take a moment to reflect on what that would mean to you. What would you have to do in order to survive day to day if you had to live on half your income? Would that mean not paying your car payment? Getting behind on rent, cutting back on groceries, clothing or cutting out cable? For most of us probably all of the the above right? When this first happened I cut out cable, stopped buying as many clothes and toys, cut back on eating out...big time. Started budgeting my grocery budget more, got a cheaper phone and stopped going anywhere I didn't have to go to save on gas. I didn't have a car payment thank god but I still struggled for as long as I could until I could no longer go on...I was backed into a corner, it was sink or swin time. I had to do something.....fast. I couldn't keep up, I was in the red every month. I had to do something dramatic. Something most of us probably wouldn't do unless they had no other choice.
I got rid of half my belongings and moved from a 1100 town house apartment to a 240 square ft. travel trailer, with two small kids. If you follow the blog singlemomsincome.com this is exactly the move the author of this blog made when going through a divorce in order to get to the financial position she's in right now, she was able to save money, build her business and buy a home with a nice piece of property. So in my opinion the short term sacrifice will be worth it very soon.
So about three weeks ago I.......
..... got rid our half my stuff and moved into a less than 250 square ft travel trailer and moved it to my moms property. Thank god for family and friends when times get tough. My mom was a single mom for most of my life growing up so she has been nothing but supportive, my rock, through this long, grueling, nerve raking, emotionally and physically draining....nearly 3 year divorce (MORE ON THIS LATER)
Now I couldn't finance a travel trailer because, number one I don't have enough Income and number two I didn't have enough of a down payment, oh yeah and my credit really sucks, that little chestnut. So I had no choice but to buy something cheap and less than ideal. What I did get is a 1986 travel trailer, overall a sold travel trailer. no leaks, no water damage, but in major need of a make over. It was just basically pretty ugly when I bought it. For most people, they would probably look at something like this and go running for the hills. For me I saw the potential and am never one to back down from a challenge. I can always spot a diamond in the rough, (I usually do this with furniture and clothing since I love going thrift store shopping and yard sale shopping). What most people would see is a hassle and a lot of work, I saw financial freedom and independence.
I knew that taking this step was the first thing I could do to get my finances back in order, have more time to write and have more time to do other things that bring me pure joy. Like gardening, baking, sewing and DIY projects. I also knew that I would be a less stressed and happier mom which is huge because when you are stressed and unhappy, your kids will feed off of that energy no matter how hard you try to shield them from it...they know when something is wrong.
So what's next?
Up first remodeling and decorating the RV...and getting my website mommiesfrugalfinds.com revamped, I've had this blog for over 6 years and it is time to take it to the next level! See my youtube videos too. I need to get all of my social media accounts updated as well and I plan on taking a very reputable blogging course to reach my blogging goals.
I plan on taking on the challenge of building a 400 square ft tiny home next to live mortgage free. I have already been shopping for pre fab structures, gathering building supplies (got a free sink today thanks to Craigslist) and planning. The weather is really bad here where I live in Northern CA so everything is on hold until the weather is better.
Come follow my new adventure!
If you are thinking about downsizing your life to live a better simpler life, send me a message. Looking to collab with other like minded bloggers, looking for guest bloggers as well as writers for upcoming posts.
Sunday, February 19, 2017
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