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Budgeting Works!

To gain financial freedom you must take control of your money, plan for the future and Stop Borrowing Money!
Two families striving to gain financial freedom share their experiences.
Blog Author Mona Weathers (monawea)

Co-author, Manda C.
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Manda C. is our new contributing author. Welcome Manda!

Cheetah’s now offering return policy. FPU offers hope.

I’m convinced that what people see as the failing economy, is just our economy, after years of excess and very bad business design, returning to a common sense approach to finances. The bailouts will fail because they’re only getting us deeper and deeper into debt. The Cheetah’s are starting to sweat, they need new tactics to draw in their prey. Hyundai has developed an “Assurance” program. If you lose your job- or license due to medical reasons within one year of purchase of your new car- you can return it. I’m not sure of the other fine print, but I have some Assurance…. if you’re in jepardy of losing your job, I assure you, you don’t need a car payment. Don’t buy a major purchase with tunnel vision. Think long term- if it’s long term. Let’s also apply some common sense math to this. What happens if you lose your job 13 months after buying the new car? Most car loans are 5 years long. It’s ridiculous, and I’m anxious to see if it works. It very well could. We’re a nation used to “buying” things we can’t afford. This just perpetuates this societal “norm”. Don’t buy cars you can’t afford.

We’re fortunate that we found FPU when we did, no doubt we would be in dire straits right now. Both of our cars died. The engine blew in one, and the transmission in the other. So we- once again- drained our emergency fund and fixed the transmission in another. This time when we fund our emergency fund- we’re going to make it 2k instead of one. Every emergency has been 1750. We were left with absolutely no car, and we did what we didn’t want to do- and bought a truck. It was our truck- we’d sold it to my father-in-law. So, now we have a $250 car payment. It’s still much better than the nearly $1k we were making in car payments before. So, our budget is going to suffer and our snowball will no doubt slow. My student loans (before Dave) repayment will start soon. Our church is offering FPU again, so we’re going to take it again to get a fresh perspective and some new intensity- and hope. FPU does that- it offers hope in the darkest of financial times.

~Manda

January 7, 2009 | Filed Under Just Whatever

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