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Pinching Pennies

June 17, 2024 Hi everyone, welcome to our blog where we share our journey of personal finance and self-improvement. The goal is to reduce our debt and increase our savings in six months, and the winner will receive a cash prize of $10,000. Sounds amazing, right?We decided to join the challenge because we were feeling overwhelmed by our debt and frustrated by our lack of savings. We both have a decent income, but we always felt like we were living paycheck to paycheck and never had enough money to do the things we wanted. We thought that joining the challenge would motivate us to take control of our finances and achieve our goals. Also, it would allow us to set a great example for our 5-month-old, Oliver.Every week, we will be updating our progress and share our wins and struggles with the online community. In addition, we will provide tips, tools, and resources to help all of you along the way.The first step of the challenge was to meet with our coach, Tori, and make a list of all our monthly expenses. We must admit, this was a very eye-opening and humbling experience. We realized that we were spending a lot of money on things that we didn't really need or enjoy, but that brought us happiness maybe in that moment. We are taking a look this week at items that we can cut from our budget right away. Cannot wait to share next week how much we expect to save by cutting some of that unnecessary spending. You might also be interested in As we wrap up our last week on the money budget challenge, it's incredible to look back and see how much we've learned and grown. This journey has been... When it comes to managing investments, the importance of effective communication and trust cannot be overstated. Our recent experience with Summit Credit... We are thrilled to share some wonderful news—Matt has successfully graduated from his electrician apprenticeship! This major milestone not only signifies... Life often throws unexpected challenges our way, testing not only our resilience but also the flexibility of our financial planning. Recently, our family... As the holiday season approaches, many of us find ourselves excitedly planning for Thanksgiving gatherings and the subsequent Black Friday shopping spree... We find ourselves quickly approaching the end of our budget competition. The past few months have been an exciting journey of financial mindfulness and... Check engine light drama and a flat tire adventure with a sprinkle of gratitude and resilience... Life has a funny way of testing us, often all at once. As the old saying goes, "When it rains, it pours." Recently, we've been feeling the truth of this... Financially, Britt’s new job has brought additional income, which has offset Matt’s layoffs, and we are trying to use any leftover money wisely. Staying...
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