Challenge – The Gift of Change (Start Date, 7th April – End Date, 31st October)

I really enjoy giving gifts. As they say, to give is better than to receive.

Living  back at home with my folks has been a huge gift to me financially. It has afforded me the opportunity to really tackle this debt head on by dramatically reducing my living / lifestyle costs. I pay $140 a fortnight to my parents for board, which basically covers food. I have asked them to let me (yes, I had to ask because they were happy for me not to) to chip in on electricity costs to the value (approx $170 – $200) of what I used to pay per quarter when I lived alone. Compared to what I spent on rent alone when I lived out of home, these costs are soooo minimal!

My folks don’t actually know the total amount of my debt. They know I am on a debt smashing mission and I plan to tell them the total amount at the end of October when I am DEBT FREE!!

I also want to give them a gift, to say thank you for the opportunity to pay off my debt and change my life. I know that is what a lot of parents would do, let their kids come back home, but I know not everyone would have this option. There is no way I could be debt free by October without living back at home. And I am very grateful.

I am starting my Gift of Change Challenge. I have a jar. Every $2 coin and $5 note I receive from now on is going into my Gift Jar.

I don’t know why I chose $2 and $5 notes. I just did. I don’t know how much will be there at the end. But it will go towards the Thank You gift I want to give my folks.

I’ll also give an update each week on how my Gift Jar funds are progressing!

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8 thoughts on “Challenge – The Gift of Change (Start Date, 7th April – End Date, 31st October)

  1. I’m doing the same thing! I dressed the jar like a tuxedo and I put all my ones in it. Kudos to you! It’s such a great idea!

  2. Jeana Takes Vermont says:

    I think that is very sweet. And while many children might have the option of returning home during turbulent times, not so many make so much of that time! I hope your blog inspires the people who read it to take another look at their debt and find ways to reduce it so they can be free to do as they please.

    • Thanks so much! I started this blog to:

      A) Hold myself accountable
      B) Let others know that they are not alone in debt! (I felt alone until I started reading SO many blogs of others with the same challenge. And it helped me.

      And there is a way out. Even if it does mean swallowing your pride and moving back home at the ripe old age of 30 haha! Thanks for your comments.

      • At least your working towards correcting the problem, rather than making it worse! 🙂 And I think it is very sweet of you to thank your parents…a lot of people would just take it for granted

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