
Part of the intention with this blog is to talk about how my family is saving up enough money to afford our dream. In some ways I have talked about it by talking about how we are trying to cut down on our grocery budget and other little things we do, but I haven't really talked about the importance of saving, budgeting, etc.
I must confess that although I do believe in protecting our environment and living a more natural life, part of our family motivation is financial. Living simply is an environmental, moral, and financial choice. And why shouldn't it be? Truth be told, you can live a life that is environmentally motivated and spend all the money you've got. Or you can buy cheap things that save your budget, but are harmful to our world around us. Living a green life and a frugal life aren't always hand in hand. It is our family choice to make it so. You can save green, financially, and save green, environmentally, all at the same time. I'd like to take a few lines to brag on how God has blessed us financially and then confess some of our money mistakes.
First, we got started with a fairly clean slate. Most people graduate college and inherit a lot of college debt. We did not. Between academic and sports scholarships, one parent who taught at our university giving full tuition to his children, and other parents saving enough to pay the balance, we both graduated with a combined college debt of $2,500. Yep, that's right, $2,500. All I can attribute that to is a blessing from God, because we did not think about college debt at all.
When we got married, Eric had just graduated and I had one semester left. We were so worried, because Eric was having a tough time finding a job and then plop, one landed right in his lap. He started the week after we returned from our honeymoon. (We didn't take an extravagant honeymoon either. We didn't have the money and didn't take out a loan for one. We went to the beach for three days instead.) Eric has been working with that company ever since.
The wonderful things that God has done in our lives continues. I found a good job, we got a small starter home, paid off our car, we were able to save. But save isn't something we always did. We spent more than we needed to because we could. Eric is a technology guy and loved getting new techy things, and well, I like to shop - enough said. We weren't rich and didn't spend more than we had, but we certainly didn't need to spend what we had just because we had it.
Our turn towards frugality began with the idea of having children. I knew I would most likely stay home with our kids when we had them and so we began to practice living on one income and saving the other. We moved into a bigger house, which is both a good and bad thing. I love our house and the roomy-ness of it. But it comes with a larger mortgage and bigger heating/cooling bills. We didn't consider the increase in heating/cooling and up-keep when we bought this house and it has been an adjustment. We still have to check our needs versus wants, but we are getting better about it.
Last year, our AC unit died (read, unrepairable) and we had to replace it. That ate into the savings we had from my job. It has taken us a year, but we finally have our emergency fund savings back in place. Now we can concentrate on saving for our dreams again. It's a slow process, but one that's worth it. Every grocery bill I can cut down on, every bit of produce we get from our garden, water that we save in our rain barrel, disposable diaper we don't use, gets us a little bit closer to our goal.
We are big fans of
Dave Ramsey and his book
The Total Money Makeover. While we were already making strides in the right direction before reading this book, it was informative, eye-opening, and easy to follow. I would highly recommend this book to anyone wanting to learn more about financial options, or anyone needing help to form a plan to get themselves out of debt. It lit a fire under us to pay down everything we can, save as much as we can, and give what we can. Whatever your dreams are or plans for the future, it's so worth it to sacrifice a little now to have what your heart wants later. And, the beautiful thing is, if you save the way we do, you get to save a little bit of green earth too.