I think about money a lot.
When we got married two years ago, my hubby and I found ourselves mired in wedding related debt. I mistakenly assumed that we could recoup our wedding expenses through our wedding gifts (“We prefer cash”) and so we started planning and charging a majority of expenses for our wedding, because we were not able to save up for it.
Needless to day, the first few days of our married life were chock-full of lessons and realizations. This was further compounded by the fact that I began working for the government a month after we got married, and would only start receiving my paycheck about a month and a half after I begun working.
Oh, and my husband was also diagnosed with diabetes so that was another blow.
Fast forward a few months later and I had wiped out our credit card debts through some fancy juggling, a loan from my cousin, debt restructuring with the assistance of my brother and a whole lot of humble pie.
These days, I can pay my credit card bills in full; the car is fully paid; we are now homeowners of a teeny-tiny studio unit; and we have about 2 months worth of expenses saved up in an emergency fund. I also took out life insurance with my husband as the beneficiary, and I have begun investing in mutual funds and the stock market.
But I still think about money a lot.
While two years ago my goal was to eradicate debt while keeping body and soul together, these days, it’s more about wealth creation. I have this dream of becoming a SAHM and running my sites full time, but I know that to do all that I will have to have a pretty tidy sum to dip into.
I created this blog as a venue to jot down my thoughts on all things financial that seem to be forever swirling in my head. And also because I have no one to talk about it with.
So there you have it, my not-so-lofty reasons for creating Frugal Honey.