A couple of years ago I had a part time bartending job and when I first started the prices consisted of whole dollar amounts so my tips were usually in dollars. Well a few months into it, they decided to change the prices so rather than drinks being priced at $6, they were instead, $6.50 which of course affected my tips! Instead of going home with dollars, I was going home with cents! Annoying at first, until I saw how much coins I was accumulating!
Well what I decided to do was every time I would get change, whether it was from a purchase made, change I found on the ground or from my tips, was put it in a jar and watch it grow for a year! At the end of that year, I would pick a credit card and apply whatever amt I ended up with towards that particular debt. Well the last time I did this, I was able to apply $170 towards my debt!
Now that I’m a mother, rather than using the change to pay on a credit card, I put all my change in Kennedy’s piggy bank so at the end of the year, she and I will take all that we accumulated and put it into her bank account. Not only is this good way to build the little ones account, but it’s a great interactive tool to teach them how to save!
Welcome!
Welcome to my blogg! Let me first say that I am in no way shape or form a financial advisor or expert. What I am is a mother, women, friend, sister, sistah who is sick and tired of being sick and tired and decided to take charge of my life and get my finances in order.
My personal mission is pure and simple; ELIMATE DEBT WHILE CREATING WEALTH! And this is not to say that I will give up being a diva! Lets face it; A life with out fashion, traveling and self indulgence isn’t much of a life at all! I just plan on doing these things responsibly by first, eliminating my debt by establishing a realistic savings structure, stop paying for things that I know I can get for free and stop wasting! Although I only established this mission a short time ago, I’ve learned so many tricks, tips and tidbits that has allowed me to cut my expenses in half which I plan on sharing with you all! Yes, I agree, its easier said than done and its going to take discipline, knowledge and support from our fellow sistahs’ to get our financial lives back on track. It is my hope that this blog will foster a community of encouragement; that place you can go to go gain and share knowledge. As stated above, I am by no means an expert. As a matter of fact, I’m at a place where I’ve truly hit rock bottom financially and unfortunately it usually takes something to completely knock you off your feet before you realize things have to change. Well I’m at that place and I’m ready for change! It’s just not an option for me to go into my 30’s carrying pointless debt! It’s imperative for me to foster an environment for my daughter that encourages fiscal responsibility. Its time we stop passing on debt to our children but rather pass on wealth! Not money, but WEALTH while still enjoying life!
Frugalista by definition is a person who lives a frugal lifestyle but stays fashionable and healthy by swapping clothes, buying secondhand, growing own produce. Well for our purposes, I want to add my own personal spin; I challenge you all to become Frugalistic Chica’s by living a frugal lifestyle but remaining fashionably responsible, enjoying the finer things that life has to offer while eliminating debt and creating wealth!
Tuesday, December 30, 2008
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