

15 Steps Our Family Took To Improve Our Finances
Growing up, money management was nothing I was ever taught. I knew when my family had money and I knew when my family didn't. I was never taught the importance of saving, leaving your credit score untarnished, and living below your means. I am not saying that my upbringing is the sole reason for my past poor money practices, but I definitely will say that it didn't foster great money handling.
When I became an adult I got credit cards, got in debt, and lived above my means, not knowing how this would affect the future. If I had the money, I would spend it. When Rick and I got together, we were basically a hot mess express. We didn't have a clue about how to build a smart financial foundation, we didn't have great jobs, and were struggling to get by.
After a while, you just get tired of struggling, tired of being in debt, and not having that financial freedom. We were determined to make a change and get educated on how to be great stewards of our money.
If you are in a financial place you're uncomfortable with, remember that this is not a permanent situation. You can make the choice to turn your circumstance around.
This is how we did it:
1.Get educated on good money practices.
You can't fix something if you do not know how. As a starting point, I suggest reading a book to give you the tools to become a success. I read The Total Money Makeover: A Proven Plan for Financial Fitness and The Road to Wealth. If it is available to you, I would highly recommend taking Dave Ramsey's Financial Freedom course. This was offered through our church and was a definite game changer. You do have to pay for this course, but think of it as an investment to your success! Or find someone that is amazing with their money and pick their brain! Tools are needed to be financially successful!
2.Change your mindset.
You can read books and take all the financial courses available, and it will all be for naught if you aren't changing your mindset. Just because you got it in your bank account doesn't mean that you have to spend it! That was something I had to understand. You have to change the way you think about money. We had to put ourselves in the driver seat for our finances. You must gain discipline, and you have to truly make the choice to want to break out of the struggle.
3.Evaluate your financial situation.
I know this is something you probably have been dreading for a while but it is a MUST in order to understand exactly your starting point. To evaluate your financial situation, that means checking and writing down all the bank account balances, pulling up your credit scores (which you can go to annualcreditreport.com to get it), and logging into all of your debt accounts. Sometimes your credit report is not currently updated so you want to get the most recent balances. Lastly, you want to write out all your expenses. All this will help give you the detailed picture of where you are at financially. In order to accurately evaluate our financial situation, we simply started an Excel spreadsheet with all this information with a monthly output tab and debt tab.
4.Set goals.
Once we knew the damage, we started putting together clear goals that we wanted to achieve. We made monthly and yearly goals to start out. Initially, we didn't put together a 5- and 10-year plan. We wanted to get out of the weeds first, and then put that together. Some of our monthly goals were to save a certain amount per paycheck. Eliminate this x amount on eating out. You want to set realistic goals that you can achieve. Setting lofty goals that are hard to hit will just discourage you. Be fair to yourself. Some of our annual goals were to have a certain amount of debt paid off, and have x amount in the savings. Before getting our house, that was also a goal of ours that we were so excited to achieve. Additionally, we regularly do check-ins on our goals to ensure we are on pace to hit them.
5.Initiate growth in your career (if applicable).
When Rick and I first started out, part of our issues stemmed from the money we had coming in. Please note: Whatever you make, you MUST still be good stewards of your money. Even if you only have $100 coming in. With that, Rick and I knew where we wanted to be and how we wanted to live, and in order to do that, it required us to level up in our careers. To do that I started educating myself on positions I would like to be at. I started asking to shadow and gain additional skills. Once I got those skills, I started always consistently applying for jobs that were a level up. This will not be an overnight change, but definitely something for you to work towards. Again, you can make a lot of money and still be broke. So don't think that getting more income means it will solve your problems. However, when more came in, we would pour it into correcting our finances and saving.
6.Establish a budget.
Can you believe that we were operating at one point without a budget?! Yikes! We would just pay bills as we could and spend however we wanted. Big mistake! Everything should be accounted for, and bill payments should be planned out. It took some time to find a budget system that worked for us. We tried Quicken, using a friend's template, and creating our own. Ultimately, we ended up finding a free Excel budget template online. We then put it in Google sheets so we can both edit and see the updates immediately.
Budgeting has to be the core of how you operate with your money.
It allows you to account for everything. If you follow your budget, you will hit your financial goals without a doubt. Creating a budget is not the tough part, following it is the hardest (in my opinion).
7.Have family business meetings.
We learned about this at one of our church's couples conferences. This has been such a key factor to our success working together. Having your finances jointly is not easy. I handle money differently than Rick. What we have learned that one hand must always know what the other is doing, so communication is key. Family business meetings are designated times to talk about the family operations and finances. We put it on our schedule, and that allows us both to be mentally prepared for talking finances. We go through our budget, talk about any discrepancies, go through our family schedules, and check in on goals. These meetings have helped us work together effectively. You can do it weekly, bi-weekly, or monthly meetings, whichever you prefer.
8.Add a side hustle.
I have become a huge proponent of having multiple streams of income. It helps add some extra money to the bank account to pay bills off faster and to have for spending money. Plus it allows you not to be solely dependent on one income source. It can be doing contract work in a field that you are already in, doing Uber or Shipt, selling your clothes online, getting a night job, joining a MLM, starting your own business -- the options are endless! Having extra income definitely helped us hit our financial goals faster!
9.Eliminate procrastination.
This is real y'all. Some of our financial issues come into play simply because we were not proactive. My husband let me share this, but that is a huge thing my husband dealt with. Whether it was calling to set up a payment plan or putting off updating your resume. Years ago, my husband had an account close because he simply didn't call to make arrangements. Don't procrastinate paying your bills, making your budget, and/or talking to that bill collector. Be in control of your finances and stop procrastinating because it only makes financial issues worse.
10.Surround yourself with the right crew.
This applies to more than finances. Who are the people in your circle? Are they motivating you to be better? Or are they advocating for you to charge up that card and not go after leveling up? I am not saying drop those friends, but you definitely want to also be in a community with people that motivate and inspire you to be better.
11. Trim your expenses.
Once we established our budget, we then started looking at what we could cut out. Some of our expenses were things that could be eliminated or decreased. We decreased my shopping (insert sad face), lowered our cable package, went through those monthly subscriptions and took those out, decreased eating out, and so much more. You would be surprised with how much money you can have by simply cutting back on your expenses.
12. Save money.
This sounds simple, and really it is. Y'all, I have suggested a lot of things in this blog but this is basically mandatory. You have to grow your savings. Whether it will be for your future, or simply to have a safety net if something were to happen. Life will happen and you need a savings account that you are prepared for just in case. We save without even thinking about it.
We take a portion of our paychecks and have our employer deposit directly into our savings accounts. If we get bonuses, we put a large portion of that into savings or tithed more. We also use the feature with our bank that does keep the change and puts it into our savings. All of that really starts to add up. When you read any of Dave Ramsey's books, you will learn about the emergency fund and best practices of how much to have in savings. I have seen fellow influencers use a variety of apps that also help you save as well.
13. Pay off debt.
Once we made our plan to repair our finances, we got serious about being debt free. We do not want any type of debt. We use the snowball method where you pay debt off smallest to largest. This has helped us stay motivated and get some instant wins. We also have the mindset that if we can't buy it with cash, then it doesn't come home. We stopped getting store loans or charging it.
14. Live frugally.
This will look different for everyone, but you want to live beneath your means. Just because you got approved for this car amount, DOES NOT mean that you should purchase it. Get yourself in the mindset that just because you can, doesn't me you should! This was especially important for me to remember as our salaries increased. I had to put myself in check and remember where we once were. Rick and I have cut back on a lot.
15.Be patient and stay encouraged.
When we got fired up to really start getting serious about our finances, I was anxious for instant results. However, rebuilding your finances is not an instantaneous solution. Be patient, and know that it takes time. Keep doing the steps consistently and you will see success from it. This is a journey that you have to stay motivated. If you are married, help keep each other motivated. When my husband does something that helps us financially or takes care of something, I give him major kudos! You need to cheer each other on. If you are not married, find an accountability partner that can keep you encouraged.
Y'all, I am not a financial advisor. I am simply a person who at one point made poor financial choices, learned from my mistakes, and made a plan to recover and thrive. You can too. These tips to improve your finances are key elements that we took to fix our finances. Everyone's situation and journey will look different. I hope that you can implement even one of these tips and be successful!
Featured image courtesy of Taryn Newton
*Originally published on Glamorous VersatilityDid you know that xoNecole has a podcast? Subscribe on Apple Podcasts or Spotify to join us for weekly convos over cocktails (without the early morning hangover.)
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Worth The Wait: 10 Virgins Reveal Why They Are Waiting Until It's...Right
As much as I talk about sex, this is a topic that I was excited to shed a spotlight on. Why? It’s simple, really. Despite how sexed — and sometimes it really does seem oversexed — that our culture and society may be, virgins are not extinct. Believe it or not, it’s been reported that around 27 percent of guys are still virgins when they first step foot on a college campus (as a freshman) and, globally, approximately 38 percent of people between the ages of 18-24 are still virgins too. And even though it’s not a ton of ‘em, there are still some virgins who are over 40 (I personally know three, although they declined to be interviewed for this article).
And even though it really does seem like, over the past 50-60 years or so, virginity has been looked at as something that should be ridiculed, side-eyed, or even flat-out dismissed, I don’t feel that way at all. Fourteen sex partners and many lessons later, I actually get that there are many perks that come with waiting. Not only that, but I’ve encountered enough virgins in my time to get that, like most things in life, virginity is not a monolith, there are tons of reasons why people choose not to have sex until later in life and, if there’s one thing that you can’t really “do over” (because no, there is no such thing as a “born-again virgin.” You lose your virginity ONCE) is “losing” your virginity (I prefer to say “giving.” You know where it is)— being careful and even uber-cautious about how and when your first time goes down is something that I very much so respect.
You don’t have to take my word for it, though. As someone who gave my “conscious virginity” (I am a survivor of molestation, which is why I put it that way) at 19, I wanted to hear from women of that age and older who still haven’t “partaken of the fruit” just yet. First, to give their journey a voice and second, to remind others who may not be so vocal about their own virginal sexual status that, no matter what social media may be yapping about, when it comes to the topic of virginity, they are certainly not alone — and there is definitely nothing to be ashamed of or embarrassed about.
*Per usual, when it comes to these types of interviews that I conduct, middle names have been used.*
Lynn. 27.
“It’s not like I planned to be this age and still a virgin. When I was in high school, I thought I would be married by now. I’m not, and that’s why I’m still a virgin. Does this mean I’m waiting until marriage? I am. I don’t see the point in giving some man my all without that level of commitment. I personally admire women who can because I don’t have the emotional strength or mental stamina to go through that kind of stress or pain — especially multiple times. I just think there is already enough to worry about in life than if I’m gonna get an STD, get pregnant by someone I don’t want to deal with for the rest of my life, or even if some man is going to call the next day.
"And before y’all even start — yes, I know that marriage comes with risks too. But if a man is willing to pledge his life to me and sign a legal contract to prove it just to get some, I’d rather go that route than some dude I met at a club or a guy who I dated for a couple of months, and it didn’t work out. To each their own, and this is the way that I choose to do it.”
Eileen. 22.
“I’ve always been called an old soul. I don’t think that 22 is old, but it is old, these days, to be a virgin. Some people assume that I’m one for religious reasons. Really, it’s because I’m observant, and my sisters and friends who already gave it up usually had more drama in their lives than anything. I just want my first time to be with someone who, when I look back on it, I don’t have regrets. I’m not looking for the perfect guy, but damn, can he at least not ghost me, give me an orgasm, and keep the moment to himself instead of telling all of his boys? I don’t think that’s too much to ask — and if it is…oh well.”
Iris. 21.
“The question I get asked all of the time is if I’m saving it for marriage. I am. I used to say that I was waiting until I got engaged or at least fell in love, but I have friends who did that, and months after they had sex, the guys were gone. I know that marriage doesn’t guarantee anything, but I have some other friends who were virgins on their wedding night, and their lives just seem to be less intense.
“Not having sex has shown the true colors and real agendas of a lot of guys, so while it does get lonely, being this way makes it easier to see who is serious about a relationship and who just wants to get their d — k wet. Virginity can be the ultimate male marriage material predictor. At least it’s been that way for me.”
Kya. 20.
“I almost gave it up to my first love, and ‘he’ didn’t happen until college. The break-up damn near turned me into a basket case, so that proved to me that I’m not really for a sexual relationship. I think the best way to explain it is, until I know that I can emotionally handle giving myself to someone and it possibly not working out, I need to stay just where I’m at…and I’m just not there yet.”
Ruth. 19.
“The timing of this is crazy because I almost lost my virginity last weekend. It’s a long story, but I was going to give it to a guy friend because I want my first time to be with someone who I trust. We didn’t go through with it because he said that he didn’t want to chance me regretting it and it ruining our friendship. I think it’s interesting that it seems that men value a woman’s virginity more than women do these days. Anyway, all I know is it won’t be just some random guy. If I don’t trust you with my heart, you will never be able to have my body. My standard will definitely be someone who was my friend first.”
Sherelle. 27.
“I’ve been too busy to give up my virginity. Sounds crazy, but it’s still the truth. I’ve always been very career-driven, so after getting my master’s, I decided to do a lot of traveling and then buy a home. It’s probably been over the past few months that my sexual status has even crossed my mind because dating just hasn’t been a priority.
“I guess you can say that having a full life is why I’m a virgin. When I can fit a man into my schedule, and I find him just as stimulating as what I currently have going on, I can almost assure you that my sexual status will change. Until then…stamps on the passport are my orgasms.”
Vada. 23.
“I’ve had plenty of oral sex — not giving, receiving. Some people say that, technically, I’m not a virgin anymore, but I guess I’ll speak for the women who fall into my special situation. The reason why I’ve never gone down on a guy is because I want that to be reserved for the one [who] I first have intercourse with. The reason why several have gone down on me? You know how guys are — they see virginity as a challenge and will go the distance to be the first. If they wanna try, who am I to stop them?
"As far as what I’m waiting on…I don’t really see it as ‘waiting.' I am open to it. I just haven’t been with someone who seems like he is who I should give it to. I think that the guy who never brings sex up will probably be the one who piques my interest. I’m already a challenge. I think I’m looking for someone who is one, too.”
Aleena. 19.
“I’m a virgin because I’m focused. There are too many women at my school who are so distracted because of what some guy is doing or didn’t do — and I don’t have the time. I want to be able to have my master’s degree before my 23rd birthday, and I’m on the way to making that happen. I haven’t told anyone this, but the present I want to give myself is losing my virginity for graduation. I think an orgasm for all of my hard work makes sense. I know who I want the guy to be, too. He doesn’t know. Hope he doesn’t blow it. I’ll try to keep you posted.”
Payge. 31.
“All of the holy books value virginity, and that’s why you will never be able to convince me that there is not a serious spiritual breakdown in our society. What used to be respected is now a so-called social construct, and to me, that sounds like so many people are so hyper-sexed with no real reason or purpose that they want to take the ‘misery loves company’ approach — that because they weren’t taught to value virtue and virginity, they want as many other people as possible to follow suit. That will never be me. Until I meet the man who is deserving of being the first and only to enter into my body and spirit, I will remain a virgin and very proud of it.”
Ella. 36.
“I honestly don’t know why I’m still a virgin. Remember how you told me [Shellie] that after the first couple of years of abstinence, you got pickier and pickier? That’s the way I’ve been all of my life. I’m sure that sex is amazing, but it’s also complicated, physically kind of messy, and exposes you to a world of stuff that you don’t have to think about when you’re a virgin. I’m not scared to have sex, but I’m not in a rush. Look at me — I’m sure I’ll open these legs up one day, but I’m not checking off the calendar or anything. When I have room to explore the good and bad of sex, I’ll be more aggressive about it.”
____
There you have it — proof that there are at least ten virgins on the planet who aren’t still in high school. And what I like about each of them is there is both a confidence and focus outside of their sexual status that serves as a great reminder that sex is a part of who we are yet…it’s certainly not everything. And you know what? It never was designed to be.
So yes, kudos to them for having a personal type of conviction, for whatever the reason, and standing by it.
Virgins or not, it’s a reminder that we all should be firm in our standards about…something.
Amen? 1000 percent.
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