Sallie & Perkins Get Rollin'


nerd couple debt free

If you've stayed up-to-date on Sallie and Perkins with the debt-elimination kick-off, as well as the curveball dodging, you should be on the right track to a debt-free lifestyle. You've hopefully set up an actual budget for you and/or your household and really looked at where that money is going each month. We know you've got more than you think you do. It's just about saving it, instead of spending it! We hope you've started building an emergency fund too. Even if it's a slow process, it's so important.

We've mentioned Mint.com before, but if you're a paper and pen type of gal like Sallie, you might enjoy a book like this as well. We snagged ours on Amazon and track all our bills and spending on here, too. Backup never hurts!
nerd couple debt free

Today we're talking about DR's Step 2 in the process of financial freedom. Step 2 is the big boy. The paying off ALL debt. It's a simple concept- it just takes discipline to really follow through on it.

You'll want to list your debts in order from smallest balance to the largest balance. Interest rates don't matter unless two debts have similar payoffs- then you'd want to pay off the higher interest rate debt first.
nerd couple debt free

Dave's famous "thing" is the Debt Snowball. So much of getting out of debt is just seeing those numbers go down and gaining motivation from it. Once that smallest debt is paid off you now have one less debt on your list! You can take the money you were paying monthly for it, and add it to your next debt. Your monthly payments will stay the same but you'll eventually be "snowballing" them the more you pay off!
nerd couple debt free

Both Sallie & Perkins opened credit cards in college to "get by" while living the dorm life. Big mistakes right there... they both charged more than they should, and it took them a pretty long time to pay that money + interest back. If you can't pay cash, you shouldn't be buying those things!! Luckily, they only have student loans left to pay back, but this method works for everyone's debt situation.

Dave Ramsey always says: "Personal Finance is 20% head knowledge and 80% behavior" and we couldn't agree more! Knocking out the smallest, easiest debts first is all the motivation we've needed to absolutely CRUSH our debt.

And when we say CRUSH, we mean it… just get a load of this guy! He. Means. Business.
nerd couple debt free

So how's your emergency fund looking? Do you have your budget outlined either through a software or on the ole' paper-pencil method? What small choices can you, or will you, make this week to save money and pay off debt?


PS- The winner of the $50 Sugar Love store credit is Cari R!!! Congrats, check your email for details!!!! :)

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27 comments

  1. Haha these are seriously the best. The pictures are just great! I started keeping track of what I was spending this month and will kick my budget into gear next month. Thanks for keeping me motivated to stick with it Sallie and Perkins!! ;)

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  2. OK - not only are y'all awesome for working on getting out of debt, but also so awesome for these Sallie & Perkins' posts. Looove them. Especially that last picture of Perkins :)

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  3. THEY'RE BAAAAAAAAAAACK!!! With the best pictures yet, I might add. I love love love the idea of the snowball effect and gaining motivation through actually seeing a balance become $0.00, because getting the ball rolling is definitely the hardest part!

    As always, best post ever and I can't wait to read more! :)

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  4. LOVE this...I have one card that it for "emergencies"...except "emergencies" tend to mean "new shoes from Target". Time for this girl to BUDGET! Thanks for the inspiration! :)

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  5. YAY DEBT SNOWBALL!!!!!!!!!!! Love these pictures, omg especially the last one of Jared, ha!!

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  6. Hahaha! Love this. Yall are amazing! I have got to start budgeting correctly & get rid of my debt as well!

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  7. LOVE THIS AGAIN!!! Keep em coming!!
    And yes, I am very anal with my finances and record EVERY SINGLE PENNY that is spent. I know how much I spend in every category (food/clothing/utilities/etc) every month, every year. etc. I told you I was anal! :)

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  8. My favorite blog posts every single week... I tell you all the time but it's awesome!!

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  9. He means business!

    Love this again. Keep going.

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  10. i don;t know if I have told you this before but I use emeals to stay on track ( i wrote a post about it too!) http://www.heleneinbetween.com/2013/03/occasionally-i-like-to-cook.html

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  11. You two CRACK ME UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! LOL

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  12. OH Sallie and Perkins...You're so inspirational! keep up the good work lovebirds!
    -A

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  13. I can't tell you enough how much I love this series and how you are making it fun!!! So many smart tips!!! Good for you guys! :)

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  14. We budget like fiends through Mint. Everything is earmarked down to the penny BUT we are less than 6 months away from being debt free (minus the house)!

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  15. YAY for paying off debt! :) That's awesome!

    xo

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  16. Such great advice yet presented in SUCH an entertaining way! Keep at it, it will all work out.

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  17. I meant to keep writing and instead published... oops. haha. My husband is the super smart money guy in our household, and he actually writes lots of great tips on his site: http://lookbeforespending.com/ :) You should check it out!! We use coupons a lot and also use credit cards in the smart way that they are intended to be used, i.e. taking advantage of rewards and thigns like that. When used properly, credit cards are the smartest way to go!

    xo

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  18. OMG just found this through Pinterest and I'm hooked! LOVE!

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  19. Love these Sallie & Perkins posts! Y'all crack me up AND help save me money ;)

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  20. I opened up your blog with my 4 year old niece next to me. She looks at the pictures and asked who you guys were because you were funny :)

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  21. Erin, I just read all these and they are HILARIOUS. And gotta love gettin' rid of that debt! BOOM!

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  22. These posts are great and the pictures crack me up. We keep track of our spending online but what helped us the most was moving to a cash envelope system. Once the money for groceries or clothes runs out you need to wait until the next month so I find myself trying to come in under budget each month.

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  23. I love it friend. Y'all are too cute. Michael is a huge DR fan and I love following along. Michael and I are lucky and have avoided huge debt so far although his car is almost at 120,000 so that will be fun, but he's awesome at saving. Me...not so much but when I read your posts, it brings me down to earth and reminds me to spend less and save more. Love you and S&P. hehe

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  24. These are my favorite posts. Thank you for turning something so dreaded and boring into something that I get excited to read about each week and it's almost fun to play along. You are the best!!!

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  25. I kind of have a nerdy little crush on Perkins. In the next month I should be paying off a credit card and then we'll be at the point that credit cards get paid off each month. Pretty awesome.

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  26. What a great post! The pictures made it! This is so helpful. While not in debt, I am trying to keep a strict budget and need any planning tips!!!

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Thanks SO much for taking the time to read and comment on my blog! I read each one and love to respond and chat with you! :)