I’m so exited to be spending more time focusing on money saving measures. It’s sort of like a game, trying to find new ways to save, while keeping in mind the high value of time.
It’s not worth saving $5 a week for the family if it means spending hours away from them.
Welcome to money Monday, where I share my highs and lows from a week of money management. What are your successes and failures from the week? Feel free to share below!
Wise Money Management
This week I saved money by cleaning out our master closet and donating nine bags of clothing to a local thrift store. What, exactly, is the money saving tidbit?
Three words: GET. A. RECEIPT.
Getting a receipt, and noting what you’ve donated, changes an action that has many fantastic benefits (simpler life, less clutter, giving to a good cause) and adds the benefit of more deductions at tax time.
In recent years I’ve become lax about logging our donations and requesting a receipt. Now that we’re feeling the home stretch of paying off our mortgage, we’re looking left and right for simple ways to keep more money in the bank.
Can I share a secret with you? We just paid our mortgage down to under $100k. We’re really excited, and looking forward to our expected payoff date of December 31, 2018.
But, you know what?
I’ve got this secret hope and desire deep down in my heart that we might be able to pay off our debt even earlier. It feels wild and crazy, so I’m keeping it under wraps, but there it is 😉
I’m happy to report no specific mismanagement this week (at least none that I can remember).
Instead, I’ll take an opportunity to honestly share that there were a few mornings this week when I left my devotions until after my morning tasks. Can you guess what happened?
Devotions fell completely by the wayside and the household peace suffered. Isn’t it weird how our failure (or success) to spend time in prayer and bible reading can change the outlook of our whole home?
On the days that I keep my priorities straight, I’m going through Professor Grant Horner’s bible reading plan. It’s an awesome exercise for short periods of time and will completely change the way you view your bible. However, be warned, it’s a bit like drinking from a firehose 🙂
How did you manage money wisely this week?