Freedom

When I found Trinity church, my friend Ann predicted that it would mean good things to come in my life. Boy was she right.

Recently I agreed to help assist in leading a small group focused on finances. I didn’t pick the topic but figured I could use some nudging in finally developing and sticking to a budget. But honestly, I didn’t think I needed the class. I was raised to always live within my means and Rick and I prided ourselves on being able to pay our credit card balance each month all while providing a comfortable life for our family, a life the included occasional vacations and jewelry for me!

We are only 2 lessons in to Financial Peace University and WOW! – have I ever learned some things. I will get to that.

It should have been obvious to me that going from two incomes to one would be a hardship. But I was the major bread winner and we were so close to paying for both kids’ college expenses. Besides, I had life insurance. And I gave up my car! I resisted the strong advice to not make major financial decisions so soon after Rick died. My desire to be close to work and to eliminate the time and expense of maintaining a home and yard trumped any common sense when it came to pursuing my dream to live in the city in the place of my dreams – a place with a view.

So here I am two years later with a mortgage twice what it was in Oswego and a zero balance in savings. I’ve spent every dime of the life insurance and have not received any Workman’s Compensation from Rick’s employer. And I am in debt. There, I said it. I was in denial. I guess I didn’t think it counted when the debt I owe is to my retirement account and to my parents. But it’s true and it is time to do something about it.

It will not be easy. Already I am feeling the pinch. I’ve cut my entertainment, travel, clothing, restaurant and gift budget until I can get back on track. I’m planning meals around what is in my pantry and liquor cabinet – meaning I only spent $35 this week on groceries! Yeah me!

So what have I learned? I’ve discovered what my priorities are beyond the basics of food, shelter, tithing and transportation. (That would be crafting, wine and a good manicure.) I’ve set up a plan to save for travel and Annika’s wedding. I’ve calculated how long I need to continue working to afford my dream home in retirement. (5 more years!) Even though I purchased my home with my heart and not with my brain, I’m at peace knowing that it’s a purchase I do not regret. It’s my happy place.

Money has had a terrible grip on me; I’ve held my breath counting the days till pay day. But no more! Financial freedom is not far away and for that I am thankful.