Nate and Danielle respond to a listener question about buying a house when in $80k of debt but also looking at a large increase in income. Show Notes Listener question: As my graduation is quickly approaching (in May!), my husband and I will finally have a more permanent income and our budget will become more stable and easier to track.…
Category: Budgeting
Budgeting
Episode 18: How We Use Credit Cards
A discussion on how we use credit cards and how we budget with them. Show Notes Email from listener: My husband and I are working to get on a new budget as our last budget was not working. We recently paid off credit card debt from the help of family as it was sinking us. While our income was good,…
Budgeting
How I was raised budgeting
I’ve been told my whole life, “don’t buy things you can’t afford” and “live within your means.” It’s sound advice, but when you break it down, what does it really mean? Affording things is great, but just because you can pay for something doesn’t mean that you should. My parents raised me to respect money and to have an appreciation…
Budgeting
Creating a Budget: Part 1 The Mindset
I previously talked about the reason for our budget, but now it’s time to break down how to create a budget. This “series” will happen in a few posts, but it’s more to fully explain our reasoning and not because it’s a complicated process. In this post, we look at the mindset behind budgeting. What is a budget? In simple…
Budgeting
How did we start our budget?
It seems like a simple question, but it must be answered in order to show the value of a budget. To properly explain the answer to this question I want to go back and share our brief experience of living without a budget. The setup Smalls and I were a newly married couple. We had a fully paid for honeymoon…