Have you ever had a goal in mind and wanted to achieve it so much that you worked super hard for 6 1/2 years saving 50%-70% of what you made?
Talk about motivation!
But, that’s exactly what my amazing friend, Debbie from Debbie in Shape, went through in order to completely pay for college in another country with cash!
I love Debbie’s mindset about living on less than you make and making savings a priority! A lesson we can all take to heart.
Debbie emphasized how having a goal makes it easier to put off spending on things you don’t need. “You can’t control everything, but you have to have a goal to work towards.
Go ahead, listen to this Money Wins interview and share what you liked or learned in the comments below!
- Debbie paid for college abroad with cash.
- Her mom taught Debbie how to work, save and live a life a you can afford, a lesson which has paid off very well for Debbie.
- There is a limit for everything and you should spend only half, saving the rest.
- Having a goal in mind makes the sacrifice of immediate wants worth it when you reach your gaol.
- Knowing how much you earn and how much you can spend is vital.
- Debbie worked and saved for 6 1/2 years to pay for school, at times saving 50-70% of her income.
- She didn’t want her future choices to be hampered by school debt and wasn’t sure if she would be able to get a job, or stay in Belgium after school, or if her relationship would work out, so she opted to pay cash for school.
- There are expenses you have to pay and you can’t run from them.
- Live below your income and start saving as much as possible, instead of living on your full income and trying to figure out how to save.
- Put your basic expenses down on paper, see how much income is left, and put a percentage aside into savings.
- Start slow, visualize. put your expenses on paper, and start saving.
- Enjoy life, but with limits on how much you spend.
Thank you Debbie, for coming on and sharing some truly amazing perspectives about money!
Hi! I’m Charissa. I’m on a mission to help hardworking women overcome money struggles and gain financial peace with a Biblical perspective so they can have the freedom to impact their families and communities. Ready to make some changes that will impact your finances in 2020? Click here to get a free worksheet to help you make it happen!