Bye Debt

Ask Me Anything – Responses!

  1. What’s the one thing you splurge on?
    1. Books – Since Senior year of High School I haven’t read for pleasure. One of my 2017 New Year’s Resolutions was to finally pick up a book that I could find joy in. I’ve read 10 books this year and I’ve fallen in love with it again. Every time I get paid, I try to pick up a new book. It’s spontaneous and fun. It’s my little treat.
  2. What and Where is my first tattoo?
    1. I got my first tattoo the day after I turned 18. It’s a small infinity symbol on my right shoulder blade. It represents my mortality. What I do with the time I have in this life will be transferred to the people I inspire throughout my journey. A simple gesture or conversation can have repercussions far beyond my physical time on Earth. My ideas and values will live forever in one way or another.
  3. What do I do for a living?
    1. First of all – I LOVE MY JOB. I say this almost every day, and I’m lucky. I work in marketing and sales in the toy, gift, and game industry. I get to see new board games, fidget toys, teddy bears, and slime. It’s as fun and badass as you think it is. I travel occasionally, work with the best in the business, and I’m challenged every day. I also run a retail website, with all of these fun things – www.shopwiththepig.com – or The Impractical Pig. My office is on a farm in Castle Hayne, North Carolina. Where Oliver, The Pig, resides in a pen right beside the building. He’s a grump and my bestie. Check it out. 😊
  4. What was my Trigger to get educated about finances?
    1. This is going to be a long answer
    2. My parents are good people. They’ve taught me countless life lessons, supported me through every endeavor, and believed in me when I didn’t believe in myself. They gave me a beautiful home, a fun childhood, and instilled values that I respect and honor in my adult life. They taught me love, strength, hard work, and acceptance. My parents are good people, who are bad with money. This caused countless marital issues and continual strain in my household. I grew up never knowing if the car would get repoed one day or if we’ve be pawning off some of our silver to pay for food the next. They got paid and they spent it. That’s how I grew up. I knew I had two options – either live that life, or teach myself how to be the opposite. I went with the last option. At my first university (ECU), I took a personal finance class that changed my life – I remember actually being excited to go listen to these two dudes talk about debt calculations and auto loan projections at 3pm on Fridays. Fast forward 3 years – When I got married and graduated college, James and I moved back to Wilmington with no jobs, no place to stay, and no money. We lived in a friend’s house out of the goodness of their hearts. 2016 rolled around and I had been up all night. I went to the kitchen to get food and there was none, I went to take my antidepressants and there weren’t any pills left. I thought long and hard about what was happening to my life. Images of my parents screaming at each other came back to haunt me. That’s the moment I decided to take my financial life into my own hands. I cut up the cards, read everything I could get my hands on about budgeting and debt payoff, made my first debt chart, and never looked back.
  5. How do I start my debt free journey?
    1. The first step to any problem is acknowledging that you have one – congrats!
    2. The second step in to get a clear picture of the mountain you are about to climb. Add up ALL of your debts together: Credit card debt, personal loans, student loans, car loans, iphone leases, furniture loans, jewelry loans – any amount of money you owe (outside of a mortgage) needs to be added up immediately.
    3. Next – You make minimum payments while you save up a starter emergency fund. [Between $1,000-2,000].
    4. Then – You take the smallest loan amount (regardless of interest) and put all you can on it. That means you budget budget budget – cutting everything out that you can – and use all of your income power on that single debt, until you pay it off.
      1. Then use that money again for the next debt. This is called the snowball method and it works! This is how we’ve paid of OVER $40,000 in 1.6 years!

You can follow my debt free journey on Instagram at @veefrugalfox

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