Money in the Bank

I feel like I've hit a milestone today that I hadn't really thought of...money in the bank. I'm not talking about the 10% I've been setting aside in a hard to reach savings account. I'm talking about there being several hundred dollars in my primary daily living account that is not earmarked for some upcoming bill or that I'm watching like a hawk to make sure I can cover something that is comin [...]

Life Lately

Hello, friends! I apologize for my absence! June has been an absolute whirlwind of a month! I feel like I just blinked and all the sudden we’re two weeks deep and I haven’t written a single post! Yikes! It’s not for lack of thought about you all! Things have just been, well, a bit crazy. Let’s talk some general life updates with some financial stuff sprinkled throughout. First, my [...]

The Advantages and Disadvantages of Locking Your Credit

In today's internet-driven world, finances are a mixed bag. Online banking services and tools make it easier to manage your money, but it's also given thieves more ways to steal from unsuspecting victims. I personally have had my PayPal account hacked in the past, but fortunately, PayPal refunded the money that was illegally withdrawn. Another common cyber crime is identity theft. Luckily, I ha [...]

Get Your Business Rolling!

As a small business owner, one of the many challenges that I faced was financing. I think I speak for others when I say that business loans are one of the biggest challenges for SMBs today. The reason I say this is that banks are tightening their requirements when it comes to approving individuals for business loans. Regardless, you need capital to grease the wheels of your business. So, I g [...]

5 Point Plan for Getting Out of Debt

Debt could be good because it affords you an opportunity to use tomorrow's money to meet today's needs. However, debt when not properly managed can cast very dark shadows over your finances and make it hard for you to become financially secure. This article provides five actionable steps that could help you improve your odds of getting out of debt faster and permanently. Build an emergency savi [...]

The End of a Decade plus

Hello BAD Community, I apologize for my long absence. I've visited often, with the thought to write an update, but never seem to focus on something to write about.  We are fully settled into small town life in Georgia, our lives in Virginia settling into mostly fond memories.  I think Gymnast still struggles the most.  Change is hard for everyone, but I know the kids are resilient and in time w [...]

Giving Along The Way

On my way to work this morning I was listening to an old episode of the Dave Ramsey Show (side note with some of my favorite podcasts to check out:  This American Life, The Bobby Bones Show, The Dave Ramsey Show, Science Friday, and Serial). I was listening to a Millionaire Theme Hour. Those, along with the standard Debt-Free calls, are my favorite segments of The Dave Ramsey Show! Anywho, I w [...]

Summer Camping!

Today was officially my kids' last day of preschool!!!!!! Starting in the "Fall" (which is August 2nd in these parts), they'll be KINDERGARTNERS!!! I can't even believe it! I want to cry from happiness AND sadness all at once! How is it even possible!? B and B with their teacher on the last day of school! Instead of a traditional "graduation" ceremony, they had what they call a "Teddy Bear Pic [...]

Student Loan Forgiveness Program To Be Cut???

Has anyone seen this news story floating around the interwebs? The headline reads: "Trump to Propose Scrapping Beleaguered Student Loan Forgiveness Program." It's got a big picture of Betsy DeVos face floating around with the headline. In the story, reporter Jillian Berman discusses how a leaked education budget shows plans to eventually chop the Public Service Loan Forgiveness program (PS [...]

When is it Safe to Use Up Your Emergency Fund?

Would you say it's safe to use your emergency funds to pay off credit card debt? Many would see this as insane, unheard of, or outright unwise. Who would presently touch their emergency funds when it will come in handy if you need it the most in future? First Things First There is no way you can talk about an emergency fund when you don't have one to begin with. It's important to set aside f [...]

Creative Ways to Save Money when Moving

If you're anything like me, moving can be quite daunting. Besides the sheer volume of labor, there is a lot to figure out. What made our move more challenging was that our family is on a tight budget, we had some major time constraints such as only having the evening and weekends to get our packing done, and we had accumulated a lot of stuff over the years.Below are some of the major and minor sav [...]

Loan Defaults and 5 Ways to Get Out of It

In layman's term, loan defaults are simply debt that you weren't able to pay. Loan defaults apply to any type of loan - car, home, student, SBA, 401K, payday loans, and the most common - credit cards. Defaults will be incurred once a consumer fails to pay the borrowed amount to their lender, and once a certain period of time has elapsed, your debt will be recorded and will forever be a part of you [...]

"Fun" Little Freak Out

Let me share with you a story about an all-out “FREAK OUT” moment I recently had regarding my pay. In terms of back-story, I am on a 9-month contract which ends May 19. When my new contract goes into effect I’ll be switching to a 12-month contract. But that contract does not go into effect until the start of the fiscal year, July 1st. In the interim (May 20-June 30), I will be receiving p [...]

Ashley's April 2017 Debt Update

Hi All, May the fourth be with you! (heh, get it - May 4th? okay enough of that.)  : ) It's another month and another opportunity to put a little bit of debt behind us. Here we are and I feel a bit at a crossroads. I haven't included the IRS in our debt spreadsheet because - honestly - I'm still so embarrassed that we owe so much!!! I've worked out a payment plan and we will be paying a [...]

Medical Debt Collection Update

Back in January I wrote about how I'd accepted a settlement offer to pay off an old medical bill for less than what we really owed (we paid $3,647 and they forgave the remaining balance of the $5,610 debt). So for the past 3 months we've been making huge ($1215/month) payments. The last payment was April 17th. I did a little happy dance, and celebrated with hubs about how the last of his medic [...]

Happy Easter!

For those who celebrate, I hope you had a great Easter yesterday! It was the first year that the girls really got it on their own. In the past, we've held hands and more-or-less led them to eggs, coaxing them to pick them up and place in their baskets, etc. Not this year. We went to our neighborhood's egg hunt and as soon as they gave the command, the girls RAN to get eggs. It brought me so much j [...]

Our New Life in Full Affect

The last month has been a blur.  Today is my one month anniversary on my new job.  It is going great, and I am LOVING what I do. The wait was worth it to find the perfect position and the perfect company. I am so grateful. Let me fill you in on what has been happening: Worked 40 hours per week in the office at my new job. Continued to work 25 hours a week for one of my part time jobs. [...]

Car Repair Bill

As if we don't have enough bills to worry about between our normal debts and the new tax debt, I've got another new bill to foot this month as well. Remember when I wrote about my power steering suddenly going out without any advance warning (and in the absence of any collision or other obvious cause) while I was driving home from work? Well, it's been quite the inconvenience over the course [...]

Ashley's March 2017 Debt Update

March was a whirl-wind of a month! I was gone for a couple days in Texas, the girls had an entire week off school, and it felt like we were being pulled in a million different directions by all of our disparate responsibilities. I'm glad to be back in more of a routine this month and am already looking forward to May. For us in academia, it signifies the end of another academic year and the beginn [...]

5 Expert Tips on Managing Your Money After Retirement

You work your entire life and as a reward, you get to retire. But the reality is that your 'work' does not end the moment you receive your gold watch. Instead, you need to keep managing your money to make sure you can enjoy your golden years. While this might sound like a lot of effort, the reality is that it can be quite rewarding. After all, it is your money. As such, here are five expert tips o [...]