Why Debt Free and Broke?
Have you heard the rumor that once you get out of debt you can save away money so fast!!! In our case that is so not true!! We are debt free, except for the house, and still broke. “Debt Free and Broke” is about our journey to build wealth on a small income.
Who are We?
My husband is a general contractor, who just started his own company in January. I am a stay at home mom, extremely part-time hairstylist, and bookkeeper for our company. We have a toddler and a newborn.
What is our Budget?
I will be sharing how we did with our budget every month, along with ways that we have found to save extra money. Our income is irregular so we have a set budget we try to live on every month whether it’s a high or low income month.
Our Company $3,875.00 – Irrugular, this is the goal Rental Income $550.00 – We rent out our basement
Church $462.50 – 10% + $20
Taxes $968.75 – 25%
Company Expenses $193.75 – 5%
Savings $193.75 – 5%
Thanks for joining me on my journey with Debt Free and Broke!