I’m excited to be able to introduce another Military Mom who is working hard to create a lifestyle that is a bit less stressful for their family. Some of the moms I have interviewed helped their family’s finances with a work-from-home opportunity. This mom has helped with getting her family living a debt free lifestyle.
Just over ten years ago I became Certified as a Trainer for Dave Ramsey by the Northeast Mississippi Community College. Shortly after receiving my certification with Dave Ramsey the housing market crashed, and the participants in each of the classes I taught seemed to double because of it. My enjoyment working as a Workplace Trainer came with knowing just how much struggles with debt can do to a family. As a military family, there is so much other additional stress so not allowing financial stress creep in is very important.
Zero Percent Interest Cards aren’t free
When I spoke to Karina Moretz a lot came back regarding the feeling I had working with the participants to manage their home finances. Karina and her husband waited awhile to have children and at the beginning of their married life weren’t quite as bright as they could have been with regards to their finances. Even though somewhat smarter than others, they still had some debt with car payments, credit cards and of course the all-mighty zero percent interest big box store credit card for their appliances they purchased. Does this seem like the very common typical trap Americans find themselves? Of course, it does! However, Karina and her husband didn’t want to travel down that road to financial stress. They knew that when you have to buy your appliances on credit after the purchase of a home, you can’t afford them.
Going back to school and then a surprise came too
In 2010, Karina quit her job to go back to school just to find out a couple of months later she was pregnant with their first child. She knew she wanted to be a stay-at-home mom, so she and her husband learned to be a better steward of their money. After speaking to a friend who was also a financial planner, they not only learned how to reduce their debt but to invest in their retirement. I was completely shocked to hear how a couple so young was also interested in retirement savings and this isn’t taught in any schools today (and neither is basic budgeting skills), so I was extremely impressed. She also mentioned something that not a lot of millennials think about is life insurance. Karina and her husband knew it was also time to consider investing in that as well before retiring from the military.
They were able to tackle their debt with every extra bit of money they had and felt the sense of financial freedom with the last outstanding consumer debt of her husbands truck getting paid off. Becoming debt-free has provided them a simpler life with the financial stress removed. They can plan for things like a family vacation or a simple family day outing. When they go out to eat, they treat this as a luxury now and don’t do this just because they don’t want to cook at home.
“I like my money and I want to keep it mine”
I asked Karina for some words of advice for other Military Mom Millennials, and she shares a couple of things. Watch the habits of society today. Just because you’re eligible, you don’t have to get new cell phones every two years on credit. If something breaks in your house (or car), go to the Internet and see if it’s something you can fix yourself before spending money having it repaired or replaced. They have learned a lot of things you can do yourselves which also saves them money. Last, but not least, make smart financial choices, conquer your debt and follow a plan not to allow the marketing ploys of today create your family’s financial stress. Karina’s last comment is a great quote to hold true for all of us “I like my money, and I want to keep it mine.”