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I can only speak for myself, but I also ALWAYS have a - Plan B and I carry no debt

Posted: May 10th, 2019 - 4:17 pm In Reply to: What's everyone doing for work? - JustMe

Years ago, I paid off everything I owed. I pay cash for my cars. The only monthly bills I have are my mortgage, utilities, and food. I carry no store credit cards.

When things were good, I worked every job I could get my hands on, built up my savings.

I live very simply and use coupons for every discount or freebie I can get. I am not an extreme couponer, but seldom buy anything without a coupon or discount. I also routinely reevaluate things like insurance, etc., to be sure I have the best deal. Not having a car payment was one of the biggest benefits to my lifestyle - not having to crack that nut each month. This allowed me to save significantly more each month.

I also read everything I could by Dave Ramsey. He is a remarkable financial man. Many people do not like him, but I followed his program to a T and it has served me very well.

When so many others were going through horrific times in MT, I weathered it pretty well using Ramsey's outlines.

I also never relied on only one MTSO -- I always had another 2 or 3 in my back pocket as "prn" jobs. I have not been without a paycheck as so many others stated.

It takes some sweat equity and research, but I am glad I did what I did, when I did. It has saved me massive headaches.

Good luck to you.

P.S. About 10 years ago, I also began an Investment Club for women in my area. We are a small group, only contribute $ 25.00 monthly, but we have been able to amass a tidy little sum of several thousands. We invest in mutual funds, some stocks, some savings. It is amazing how quickly you can save a nice sum of money by routinely following a simple savings plan. In the last two years, our stock brokerage account has made SIGNIFICANT gains, which has really beefed up our bottom line.

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