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As we head into this project, we are feeling excited to start this valuable journey of improving our financial picture. Along with this excitement, we are experiencing a sense of urgency related to how quickly we can get started using the tools that we learn through Summit. One thing we are trying to remember is that we are playing the long game and shouldn’t be fixated on huge gains in a short period of time but instead on improving steadily over the course of the next few months in order to achieve sustainable results.I read in a post recently that stated that a reason people procrastinate is to put pressure on themselves as they come upon a deadline. This pressure lets them let go of the idea that their work must be perfect and allows them to get unstuck and say, ‘oh well, it may not be perfect but at least it will get done’. I am a self-determined ‘pressure worker’ and this method of waiting until the last minute has served me well in some aspects of my life, such as when I had to write papers in college. However, this method does not apply well to finances! For example, Travis and I have tried to implement meal planning in order to get more organized with what we eat during the week and how much money we spend on groceries. If this is left to the last minute, this process will likely not only be done poorly, but there is also the chance that it may not be done at all, and the shopping list will be decided while at the store. For our family, this has led to many unnecessary purchases and therefore more dollars spent. I want to let go of this idea that in order to do this project, we must be perfect. Beginning and doing the work is the most important part! We are so happy to have a team of experts working with us so that we don’t have to have all the answers ourselves. We are here to learn!A major goal of ours for this project is to organize our finances, including setting a family budget. It is going to be so helpful to have all our accounts and expense categories listed on one document. I don’t know about you, but we have financial information stored in multiple places which makes it a challenge to get an overall financial picture when we need it. Some of our documents are available and saved electronically, some are paper copies that are put in a designated drawer, and others end up stuffed into notebooks or stacked up on the counter. The process of gathering all the documents that Summit requested made Travis and I realize that we would definitely like to get more organized.Along with getting organized and in the right headspace to be successful with this project, Travis is looking forward to the challenge of decreasing the amount of cash that he currently spends on the road each week by coming up with creative ways to cut back on meal costs. He would like to give periodic updates describing what he learns about overcoming the many obstacles that he faces with eating away from home. There is the potential for large savings in this expense category, and I’m excited to see what Travis does to be successful.Thank you all for reading, we are so excited to share our journey with you!
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Wow, we just finished up week 13, which means that we have been a part of Project Money for over four months! We are feeling that we are not quite where...
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* The Wisconsin's #1 Mortgage Lender designation is based on the number of loans in 2023, gathered from the Home Mortgage Disclosure Act data compiled annually by the Consumer Financial Protection Bureau. The results of the data were obtained through the