Last week I posted about WHY we chose to pay off our mortgage. Today’s post is about HOW we paid it off in six years on one income.
First, I should let you know I did some substitute teaching for about 5 months before we had children. So we were “double income” during that time, even though the amount I made certainly didn’t approach full-time employment.
On our honeymoon Scott and I read one of our wedding gifts: Total Money Makeover. After that we were sold on paying off our mortgage. But we thought: “How in the world are we going to do this on one income, and a teacher’s income at that?!”
One of the main principles I took away from the book is: “Live like no one else so that you can live like no one else.” Scott and I knew that if we were going to pay off our mortgage on one income we would have to do this! This became a mantra for me when I felt like a weirdo for not doing what everyone else was doing.
Here are ten things we did to “live like no one else” so we could put that extra money toward our mortgage. You’ll notice there are no fancy formulas or budgeting techniques. We simply lived in a way many others would consider extreme, and we still largely live this way today. I believe many people would consider our lifestyle extreme simply because we live in such an indulgent society.
1. We rarely ate out.
Perhaps twice per year and only when we were traveling more than four hours on the road. Usually we brought food with us. If we did go out for a birthday or anniversary we used a gift card. Making meals at home saves LOTS of money. I must admit one thing that helped us was having four children six and under. They didn’t eat much :).
2. We didn’t go big on holidays or birthdays.
For birthdays we buy one gift for each child, and have dinner and cake that I make. Scott and I don’t buy anything for each other on holidays, anniversaries, or birthdays. It’s a nice mutual agreement we have that keeps expectations and expenses low 🙂 For Christmas we let each kid buy their siblings a small gift and then we ask the grandparents to only buy one special gift for each child. Holidays can REALLY ADD UP. Our minimalist approach to toys saves lots of money. We buy the same types of toys but not a lot of different ones. Many kids have toys laying around they never play with! Figure out what toys your kids like and invest in those. Now that we paid our debt off we have invested more in quality toys. Continue reading HOW we paid off our mortgage on one income!
Let me start by saying that hospitality is not a gift, it is a command. “Above all, keep fervent in your love for one another, because love covers a multitude of sins. Be hospitable to one another without complaint. As each one has received a special gift, employ it in serving one another as good stewards of the manifold grace of God.…” (1 Peter 4:8-10)
Notice the commands surrounding the part about being hospitable: keep fervent love for one another and serve one another with the gifts you have been given. Those are not things for us to choose to do, we are called to do them as Christian women and that is also the case with being hospitable. Some people may be better at it than you but you are just as called to invite others into your home as you are called to keep fervent love for one another.
Keep in mind since hospitality is something God commands then surely He is acquainted with the fact that it costs money, it is not a surprise to Him. I also think it is a GREAT use of God’s money. In our stewardship of His provision I think it pleases Him when we spend money on hospitality/loving the saints and strangers in our home.
Continue reading Saving Money When Practicing Hospitality
I love Safeway. I like their quality. I like their options. I just don’t like their prices. But here’s the good news! I have figured out how to shop at Safeway, get my groceries delivered for free, get a dollar off a gallon at the gas station AND save 25-45% off my grocery bill EVERY time! (p.s. I am not getting anything from Safeway for sharing this)
Here’s how I do it.
1) Go to: http://www.safeway.com/.
2) Sign up for: Just For U and for grocery delivery (you will have to sign up for both separately).
3) Go to Just For U and “clip” coupons. It doesn’t get much easier than this! You just push the button “add” and it’s put on to your account! Easiest couponing ever! ALWAYS look for a 20 cent gas reward coupon. This means for every $100 you spend you will get 20 cents off a gallon. (sometimes even more!) I also just saved $10 off on frozen pizzas with my just for u coupons! You also get extra gas rewards for using these coupons! For example today I got 220 EXTRA points toward my gas rewards from my “J4U Bonus”. (see receipt below) Gas rewards are such an extra perk to shopping with Safeway. We usually have a dollar off and that really adds up with a 15 passenger van to fill!
4) Go to your grocery delivery account. Continue reading How I Get My Groceries Delivered To My Door AND Save Money!