• Start Here
  • About Me
  • Resources
  • Blogging 101
  • Contact
  • Disclaimer
  • Blog
    • Email
    • Facebook
    • Instagram
    • Pinterest
    • RSS
    • Twitter

Mustard Seed Money

Mustard Seed Money

Guest Post: My Family On A Budget

February 13, 2017

Today, I have a guest post featured on My Family On A Budget.  Below is a snippet, but please click on over to read my post on paying off debt.

 

My parents instilled in me from a young age that debt was detrimental and something to be avoided.  Growing up, I noticed my parents’ obsession with paying off their mortgages.  Each month, they would make extra payments in order to have the house paid off as soon as possible.  I didn’t quite understand why they would do this.  I figured if the bank was them the money, that they should spend their money elsewhere.  But, they believed that the less debt they had, the better they slept at night.

 

Buying My First Home

It wasn’t until I bought my own house that I fully understood what they were talking about.  I bought my first home in 2004.  I honestly thought that I would stay there for two years and then flip the house for something bigger and better.  Living in the house going on 13 years now, it is obvious that things did not go according to that plan.  

 

Affording the Home

When I originally bought the house, it was definitely more than I could afford by myself.  But, as you know, banks weren’t really concerned about that during this time.  I took on three other roommates to help defray the bills associated, but I was still paying over half my paycheck towards the house.  

 

At that point, I knew I needed to increase my pay.  I went back to school at night, at my local community college, in order to pick up accounting credits.  By doing so, I was able to qualify for higher-level jobs.  These night classes opened a door to an accounting job in the government, which also coincided with a pay raise.  

Click over to read the rest!

Related

8 Comments

❮  PREVIOUS POST

Guest Post: Think Save Retire

NEXT POST  ❯

Week 2 of the 28 Day Network Challenge

Comments

  1. Go Finance Yourself! says

    February 13, 2017 at 9:42 am

    Nice post MSM. Thanks for providing the link over to My Family on a Budget.
    Go Finance Yourself! recently posted…Is Your Emergency Fund Bloated?My Profile

    Reply
    • Mustard Seed Money says

      February 13, 2017 at 8:24 pm

      No problem hope you enjoyed the article 🙂

      Reply
  2. Mrs. Picky Pincher says

    February 13, 2017 at 10:07 am

    It’s so refreshing to hear your parents preached debt avoidance. 🙂 My parents didn’t know any better and always told me debt was normal. Naturally I had poor money habits as a young adult since I approached debt as the norm. Oof!
    Mrs. Picky Pincher recently posted…What A Frugal Weekend!My Profile

    Reply
    • Mustard Seed Money says

      February 13, 2017 at 8:24 pm

      I definitely got lucky with parents that really stressed that debt is a tool and to use it wisely. I don’t think I’d be where I am without them.

      Reply
  3. Michael says

    February 13, 2017 at 3:05 pm

    I am heading over to My Family On a Budget to read the reminder of this post.
    Michael recently posted…Drinking WaterMy Profile

    Reply
    • Mustard Seed Money says

      February 13, 2017 at 8:26 pm

      Hope you enjoy it Michael!!!

      Reply
  4. GiGi Eats says

    February 13, 2017 at 11:45 pm

    The housing market in LA right now is just off the charts ridiculous. For a moment, my husband really wanted us to buy a house even before we got married – but he snapped out of it THANKFULLY… Realizing that right now, it’s just straight up ridiculous.

    Reply
    • Mustard Seed Money says

      February 14, 2017 at 5:14 pm

      Thanks for stopping by GiGi!!! I have heard the LA market is crazy right now. Good luck in the future when you decide to buy 🙂

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CommentLuv badgeShow more posts

Archives

Search the site

Copyright © 2021 Mustard Seed Money · Custom site by Moonsteam Design