How an Electronic Envelope System Helped Us Pay Off Over $150,000 in Debt

You’ve most likely heard of the envelope system before. It’s a money management strategy that involves labeling physical envelopes according to major budget categories and putting the actual cash amounts into those envelopes.

The benefit to this system is the real-time feedback you get about how much money you have left in a specific category. Once it’s gone, it’s gone. It’s very difficult to overspend if you follow this strategy.

But it can be high maintenance, and even risky, to keep all of your cash in physical envelopes inside your home, car, or wallet/purse.

Continue reading “How an Electronic Envelope System Helped Us Pay Off Over $150,000 in Debt”

How Much Fun Money Should You Budget?

How much spending money should I budget

“Wow! That is also the toughest thing I’ve ever heard. I mean $25/month is not enough for me to go out eat somewhere or do anything fun.”

This was a reply I received on Facebook where someone asked the question, “What have you sacrificed to accomplish debt freedom?”

I posted to say that one of our sacrifices on our journey to paying off over $150,000 of debt was to give ourselves only $25/month each for “fun” money. This would include things like going out to eat, buying things we didn’t need, etc. Continue reading “How Much Fun Money Should You Budget?”

Bison Farm Getaway (Spending Breakdown)

bison farm getaway spending breakdown

I’ve always wanted to stay on a bison farm.

Kidding… I don’t know if I actually realized how something like that would even look in real life, or where the heck you’d find a domesticated herd of bison. Well, apparently you can find some in the Smoky Mountains of North Carolina, more specifically, Clyde, NC. Not only is the area absolutely gorgeous (and surprisingly green in early March), but the food we found was fantastic, and it’s close enough to Asheville that you can make the 30 minute trip to check out some of their famous breweries (New Belgium, Burial, Highland, Sierra Nevada, a bunch more). Continue reading “Bison Farm Getaway (Spending Breakdown)”