Level 6
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Debt management

I am a firm believer of using a common composition book in which I create 4 columns to track my budget. I use the margin to list incoming finances, tithes/offering, savings, auto debited “bills” then leave a few spaces and list the manually debited ones.

Within the 1st column are the absolute necessities ie.. mortgage, electric, gas, water, sewage, care note, credit card, savings, household shopping/groceries ...
2nd column miscellaneous items ie. fast food, movies, traveling beyond work (extra gas expense), cleaners, extra grocery store trips), gifts...
3rd column I carry over the total of unnecessary money that was spent for accountability and awareness...know where it went to and why...
4th column for my other account that I use for the kids college/allowance, mother, family, car insurance, credit card...

I do have two credit cards but I have my sons in one since they are in Grad school and undergrad school for consolidation of their exspenses then I may deduct it from their college fund in which we still put into each month or make payments on the card which builds their credit as well; but it’s only for their schooling, travel, car repairs if they need it.

My other card is for my truck repairs, medical items/bills, and travels so that I don’t deplete my savings but never shopping.

Accountability and responsibility is necessary when having credit cards but they aren’t the devil...use wisely and account for your money 🙏🏽🙌🏽💞