tag:blogger.com,1999:blog-5267817124201916027.post4899190367886372544..comments2024-02-13T08:56:12.227-08:00Comments on Money Hip Mamas: Basic Guide To Getting Out of Debt (the SNL way) and Are You Prepared For a Financial Emergency?Lisahttp://www.blogger.com/profile/15060001124102106893noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5267817124201916027.post-57499365461568107812013-08-28T13:13:45.498-07:002013-08-28T13:13:45.498-07:00That's awesome, Amber. Way to go! It's ama...That's awesome, Amber. Way to go! It's amazing to me that some people won't think twice before going into debt. So impressed by you and your family for making it work.Lisahttps://www.blogger.com/profile/15060001124102106893noreply@blogger.comtag:blogger.com,1999:blog-5267817124201916027.post-55180218483268178652013-08-27T15:48:47.496-07:002013-08-27T15:48:47.496-07:00You'd be surprised at how much you can cut. I...You'd be surprised at how much you can cut. In 2008 Mike's work cut everyone's hours/ pay by 60%. We chopped everything out of the budget that wasn't absolutely necessary. We lived on 40% of our usual income for two years and made it out without going into debt. Very thankful for food storage and an emergency fund. Luckily we didn't have anyone in college at the time.Amber VThttps://www.blogger.com/profile/16609588268757064712noreply@blogger.comtag:blogger.com,1999:blog-5267817124201916027.post-20179112098982321222013-08-26T13:32:16.995-07:002013-08-26T13:32:16.995-07:00That is such an awesome point, Valerie. My husband...That is such an awesome point, Valerie. My husband and I went through our "no frills" period for a couple years while we were both still in school getting our Masters degrees and (to a lesser extent) for a few years afterward while we paid off the student loans and saved up for a house. Like you said, even though we had little to no "fun" money, we never felt deprived. It was just our way of life at the time. Like going on a diet, it may seem hard at first, but then you get used to it. We still hung out with our friends and went on dates, we just had to be more creative.<br />I think it's healthy for everyone to have a period like that when they live without the extras so, like you said, they know they can and--surprise--it's not that bad!Lisahttps://www.blogger.com/profile/15060001124102106893noreply@blogger.comtag:blogger.com,1999:blog-5267817124201916027.post-84584457891841757232013-08-26T11:18:51.173-07:002013-08-26T11:18:51.173-07:00This is so good. Debt is so stressful.
As far as...This is so good. Debt is so stressful. <br /><br />As far as Step #2 goes, I think most people would be amazed at how much cutting back is available. After college I went through a period of unemployment and then partial employment and living month to month. I pretty much cut out everything except rent and food. And I survived, and it wasn't even as painful as it might sound. I do not remember feeling like I was lacking, just that I was doing what I had to do. It gives me confidence now to know that if I ever face that one big financial disaster, I am capable of living simply. Valeriehttps://www.blogger.com/profile/10683837213373639686noreply@blogger.com