The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
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The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
Keep this in mind: What it costs you to be right is your intimacy with others. I can tell you right now that when we blame our partner and think we have all the answers, we are not being honest with ourselves.
Joanneh Nagler • The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
It’s also fine to pay the bills together from one account, and then divide up the Daily Needs cash and Savings money. But I don’t recommend doing that if there’s been angst-ridden debt trouble. Why not? Because inevitably, one partner will tend to opt out of the bill-paying process and dump it all on the other partner, claiming, “I’m just no good w
... See moreJoanneh Nagler • The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
This is what’s happening: We’re feeling entitled, and when we feel entitled, we’re apt to use our credit cards. When we use credit for entitlement purchases, it’s more than rebellion. It’s because we have a lack of clarity in real and proportional numbers about what we can and cannot fund with our salary and income. All of that is about to change.
Joanneh Nagler • The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
Why should I try so hard to save for things that I want? Shouldn’t I just spend every dime getting myself out of debt? No. How come? Because you’re learning to live—and live well—on what you earn, on what you bring in. Living within your means and funding what you love to do bring you into the present moment. It generates contentment. It allows you
... See moreJoanneh Nagler • The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
Yes, you do get to choose how you spend your money, but you’re the adult here—and you have to take care of all of your needs.
Joanneh Nagler • The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
Changed behavior means, first, that we stop debting. We cut up, cancel, or freeze all of our credit cards and credit lines. Second, we use the Debt-Free Spending Plan to learn to live within our means. Third, on the Debt-Repayment Plan, we list every creditor we owe money to and pay them back something every month.
Joanneh Nagler • The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
Always have clarity about what things cost, and always get clear quotes before you commit. My rule for myself is simple: I get three contrasting quotes for any major purchase.
Joanneh Nagler • The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
Our Daily Needs—and even our Bills, for that matter—need to be proportional to the amount of money we bring home every month.
Joanneh Nagler • The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
That means you’re going to have to downsize your sky’s-the-limit expectations in order to live within your means. It means you’re going to have to give up grandiosity and Event-of-a-Lifetime mentality. It means you have to be realistic, honest, and hard-core with yourself about what you have and what that can buy. The good news is you will learn ho
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