Your Financial Friend

Your Financial Friend

Hi! I am Rachel Pedersen; your Financial Friend. If you want to get technical, let’s say this job title is a Personal Finance Trainer. I started 2016 with $-3.00 in my savings account. I had five credit cards open (all with debt on them) and I also had a car loan and student loans on top of that. It was a lot for my 24-year-old heart.

I still remember taking a shower one day and wading deep into my thoughts about my money situation. This was probably around the millionth time I was worrying about money and I was really starting to feel the weight of my debt. I started questioning things like, is this what it’s going to be like for the rest of my life? Am I always going to be in debt? But it’s normal, right? It seems like everyone has student loans that went to college. I need credit cards because how else can people afford big purchases? It’s normal. This just might be how it is. I was trying to normalize and make myself feel better. It would be later down the road, that I would learn and understand that it actually doesn’t have to be that way.

 In early 2016, I completed Dave Ramsey’s Financial Peace University course at a church near my apartment. My mind was blown, I learned so much, and a fire was set inside me to become debt free and live what people would probably deem a pretty weird life.

That’s when my debt free journey started. It was going to be a long one. There were pauses in my debt payoff like when I quit a job I was miserable at and when I was simply trying to stay afloat between freelance work, a retail position, and a waitress job. And then I paused again so that I could achieve a savings goal for our wedding.

My, oh my, there was a lot of hard work and dedication. In 2017, I listened to the Dave Ramsey podcast almost every single day to and from work to learn more and stay motivated. I developed pay day routines and took a lot of trips to the bank to get cash so I could utilize the envelope system.

Going shopping for fun wasn’t a thing anymore. Getting my nails done only happened for super special occasions like when I got engaged and married. Now before you start thinking I deprived myself of everything fun and that I never pampered myself, stop right there. I just reprioritized and would pick and choose where my money would go outside of paying off debt. I did go to Mexico and experience my first beach ever (finally!) because I really wanted to do that. It was a matter of deciding things such as choosing to get those concert tickets instead of going clothes shopping.

Personal finance is a lot more than just crunching numbers and making a budget. Dave Ramsey says, it’s 20% head knowledge and 80% behavior. So, with my blog posts and services, I will be going deeper than just teaching you how to make a budget. You are going to have to learn habits and tactics to stay on track and motivated to reach your goals. I can’t wait to show you all the things that I have learned and used in my own life and have the opportunity to get all up in your personal finances! Ready? Reserve your service by contacting me at rachel@three-pennies.com and we will get started in July!

No Discipline Seems Pleasant At The Time...

No Discipline Seems Pleasant At The Time...

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