Hi! I received a question after a seminar asking should I pay off some debt by using my emergency fund. I thought it was a great question to share on my blog. In my opinion, I feel you should only use emergency funds just for emergencies. It's better to pay off debt quickly especially high interest items by
1) Reviewing your expenses and evaluating if there are areas you can cut cost in..then apply that savings each month to your debt
2) As you pay off debt use that money that has been freed up towards other debt. Continue that process until all debt is paid off
3) Sell items you no longer need for additional cash
4) Find a way to earn additional income by getting a job or starting a business until debt is paid off
Overall I feel if you start using your emergency funds for debt then you will never
be able to save for real emergencies. Check out my post here if you need information on what emergency fund is and my other post on how to build your buckets here.
As always thank you so much for your support!!!
Pants: Ann Taylor (similar ones)
Blouse similar one I ordered for fall season here
Shoes: Sam & libby from last summer
Clutch: old similar here
Hi! I decided to take one of my favorite suits and pair the jacket with some linen shorts. I'm always trying to get the most out of my wardrobe. This is probably why I work hard to get the most out of my time as well. I know I can not win in all areas in life but I definitely strive hard to win in areas that matter most like my personal time and savings. Therefore, I have implemented a few things that give me extra time and money.
1. I plan in advance 30 minutes or less meals each week. This was so hard for me trying to figure out what I wanted on Sunday for Thursday meal:).. However, this help eliminate midweek unnecessary supermarket trips and unhealthy take out dinners. These extra shopping trips can also lead to overspending. I'm so surprised how this helped me develop a daily habit of cooking and I can get it done quicker than a TV show some days!
2. I complete my laundry during the weekday. Most times while I'm cooking or reading I put a load in the washer. I never enjoy spending hours doing laundry especially on weekends or during family time so this works well for me.
3. Building my faith is so important to me...so every time I do my 30 minute elliptical workout I'm listening to faith building and bible messages. This allows me to work on physical & spiritual health which I believe reduces stress and clear your mind of unimportant issues we can attract in life.
4. I carry a note pad like the one on the picture and I write random thoughts, ideas, or to do lists. I can hardly believe how a $1 notepad can save me so much time and even money. If you follow me on Instagram I randomly post messages of inspiration.These messages most often are placed on my heart at odd times so having a note pad handy is a lifesaver. I am also thankful how my notepad serves as a reminder to not forget important things that can cause me extra money and time.
Well as always thank you so much for reading and have a great weekend!
This is definitely the season for a scarf! It's a great way to add color and some visual interest. If you are an early holiday shopper then this is a great time to purchase last season quality scarves at great prices. The real expensive ones are on sale and make great gifts. I often give them as gifts because scarves seem so universal to me and anyone can use them. This leads me to a holiday tip to saving money this season.
1. Decide in advance who you will be shopping for
2. Set a spending plan on how much you will spend in gifts
3. Start looking now because best sales are before and after the holiday season
3. Remember a card goes a long way and can save money. The season is about love so what better way to express it then in words to the people you care for.
Have a super day and as always thank you for your continued support!
Dress: Antonio Melani similar here
bag: Antonio Melanie (old)
Scarf: Crown & Ivy
Belt: borrowed from a dress
Shoes: Gianni Bini
Bracelet: Kay Jewelers
I never realized until quite some time ago the value of a minute. I know we all lead busy lives but I believe there is time....so I told myself I will give the important things 5 minutes minimum each day. This is definitely not a lot of time but it is better than doing nothing. Therefore, I made a short list of three important things in life to me such as:
1. My faith
2. My family
3. My health
Then I started the journey of 5 minutes in each area which is only 15 minutes a day..but the point was I was increasing in areas I desired to grow stronger in. The five minutes over time has increased. However, I found it was easier to start off with less time because developing a daily habit was more important to me. I once heard if you change your habits then you could change your life.
As always thank you for reading and your support! Happy weekend!
Dress: Michael Kors
Shoes: Pour la Victoire
glasses and watch: Michael Kors