This is part of Jill's story but to get all her tips she used check out her Penny Pinching Mama Book 500 Ways I Lived on $500 a Month here www.livingonadime.com/store/penny-pinching-mama/
I just bought your book living on a dime......bought it ebook style because I live in Indonesia and the postal service is not great at all, also I didn't want to wait for shipping to get stuck into reading it lol. You are all awesome!
That's exactly what we just did. We lived in a home that we thought we were buying. But the home was in my mother n laws name, long story short we had been paying the house payment right to the mortgage company ( which we struggled to do) and all of a sudden my MIL told me to start paying her the house payment. Next thing we know were getting a foreclosure letter and we have 2 months to move! We found a lil 3 bedroom trailer, something big enough for my family of 6. And we had 1.5 months to come up with 4,000 for a down payment( it's a rent to own, we will own it in 7 years) It's a BEAUTIFUL trailer, very nice, clean and brand new everything! I don't know how in the world we came up with that money, but by the grace of GOD! There is no other explanation on how we came up with that money but that the lord provided when we needed it most! Now that we are moved, and I get to thinking about it. Loosing my home was really a blessing in disguise. We struggled every month to make that house payment, and now we are in something we can actually afford. Come income tax time my house payment will go from 530 a month down to 330 a month. And if that's not a blessing I don't know what is!!! Downsizing isn't a bad thing people. I LOVE my new home. It's very nice, nicer then the home we were living in. Matter of fact people have told me we have the nicest place on the block :) I know God knows whats good for us before we do! OK I'll get back to the video now :)
Also, in my finance class I took recently, we learned that cutting your payment in half and paying twice a month reduces your total number of payments if your lender used the daily per diem interest calculation. Then, if you get paid every two weeks, pay half every two weeks and you'll reduce the number of payments further because you'll make an extra payment every year.
there is nothing worse than being house rich and money poor. After my divorce in 2000 I went from a 2000 sq ft house to a 900 sq ft house that I bought for $33000. It was in a small village, 40 minutes by highway from my work but I knew I would never spend in gas what I was saving on a mortgage by buying there. And the mortgage was paid off in 5 years. Not bad for someone starting over with nothing but a job and a friend who let me live in her basement for two months so I could save up the down payment. You do what you have to and are better for it. You are so wise Jill and you have a great sense of humor.
I had a teacher once who said when him and his wife would move state to state he would check the price of eggs because that determined if it was expensive or not to live there. not sure how true that is but I always remembered that
This was good down to earth advice. The best thing our parents did was impress upon us the importance of having a house paid for before retirement. The best thing my husband ever did was not fall for the banker's offer that we were good for a lot more money and could have a more expensive house. (He actually said, "do you think I'm crazy enough to still be making house payments when I get to be 70 years old?") Because this was our second house and we had sold our first one, we were able to make a sizable down payment and just take out a 15 year mortgage. Thank goodness for wise parents and a smart husband, because right before we paid off the house, he had to take early retirement due to Parkinson's Disease. That was 7 years ago and I don't see how we could have made it if we still had a mortgage. Or rent, for that matter. Either would be awful.
I discovered you videos and really appreciate your suggestions. I live in NYC and work at conserving on utilities, maximizing my income and putting away. I live debt free and have for 20 plus years. If there is something that I am thinking of buying I start putting money aside for it and by the time I have saved, I may decide that I didn't wan it any more. Thank you for sharing.
I love these videos! We are frugal and on that Debt Free Ride too. We do a lot of what you suggest already. There's so many ideas I get from you and it is so good to hear we are not alone! Thanks!!
Another way to save on housing is to share. We have had to rent a room from time to time Just KNOW who you are renting too. A few years ago we needed to get a bigger place as we were letting our adult son move back in {he finally came to his senses and wanted our help}. We did not want to stay where we were so we bought a house which has a bedroom apartment downstairs we rent that helps pay our note, our son pays rent too. The best we ever did was a "live in" job for 3 years and 3 months. When that ended we had to rough it. For over a year it was 4 adults in a condo designed for 2. But now it is paying for itself and as you say we lived to tell the story, and after the apartment's rent and my son's the difference is less than renting a room for us.
I am mortgage poor and I love couponing. I won't lie - it does take time and effort, but it is totally worth it because I get so much for free, like 6 jugs of arm and hammer detergent last week - free. Smithfield pork had $2 coupons a while ago, so I'd get the smallest pkgs of pork chops (like for $2.24) and then get the $2 off. Also you often have overage, so you can put that towards your meat or produce which may not have a coupon. I have a huge stockpile of toothpaste, deoderant, salad dressing, refried beans, mustard, shampoo, body wash, clorox wipes, mac & cheese, tomato sauce and paste, snickers, vitamins, medicines, feminine stuff, peanut butter, nutella, all FREE. I won't buy cereal unless I can get it for a dollar or less - generally Cheerios. That's less than the store brand or Aldis.
Many places no longer allow coupons for this ^^ exact reason. While it makes sense to stock up on lots of things, it doesn't make sense to horde more than what you can use in a reasonable timeframe either - say a year. Otherwise, many things like salad dressings, toothpaste, beans, vitamins, medications, peanut butter etc will expire. Not that it goes bad when it expires, but at that point you can't even donate it to a food bank as many can't take expired food. OR you have to find places to keep all that stuff. And no, I'm not jealous, but I find it wasteful to consume in this fashion.
Valid points but one plus is, if you have such a surplus you could share a lot of it with friends or family who need, and even with a food bank but as you say, before expiration.
Yep. I have a doublewide and its paid for. I couldnt afford the apartment anymore in a ritzy town and it made no sense to stay there any more cause kids gone so i moved and saved almost $300 to rent to own my place versus $650 a mth. To rent apt. And rent was going up $200 at apartment.
Jill, you are inspiring.The Obama 8 years hit me really hard.24 /7 mom divorced.1 son 15 yrs old.High property taxes (raised to 6 grand this year).We also recently got a refugee center lutheran services across the st from our neighborhood.I'll be able to keep my 2 rental properties(mine before I got married).BUT this expensive home with pool has to go.We've already cut back on central AC.water, you name .Found another nice place out of cctx.We;re going to rockport.Cheap utilities, prop tax and nicer folks.We;re selling this summer.Never had a mortgage , so we're good on that end.My debt is now making payments on prop taxes.New place,CHEAP property tax at 1440.00 yr Utilities 171. a month.I was in shock, they were so cheap.WITH central ac and water.And no polluted water.
We're looking to buy a home now. We told the mortgage broker we didn't want to pay more than we are now in rent, so that put us at a smaller purchase price than we qualified for, and that is making the hunt more difficult. However, we have the peace of mind that we will still be able to pay a little extra on the other small debts. Plus, we'll be able to add a little to savings.
I live in Anaheim, CA. Space rent for a manufacturer home is approximately $1,400. That's not including the manufacturer home mortgage payment. That's more than my house payment.
Years ago after divorce I bought a small wood frame house for my daughter and I for $47,000. I’ll make my final payment in 2 months. The central heat was old and had to be replaced a few years later. No a/c and we need it here. Old carpeting even in the kitchen and baths. Luckily it had good bones. Over the years I made improvements one at a time, doing what I could myself. I cannot believe these people on House Hunters who buy these expensive houses and then put thousands more into “updating”. I wonder how many are able to keep up the payments.
I think Jill is also a very good person, but due to unrealistic expectations of raising a family and expected to help repair a gut job of a home while saving everywhere else it was too much for her to not express her stress; completely understandable. She shouldn’t have been expected to live like that in her situation.
This is part of Jill's story but to get all her tips she used check out her Penny Pinching Mama Book 500 Ways I Lived on $500 a Month here www.livingonadime.com/store/penny-pinching-mama/
I just bought your book living on a dime......bought it ebook style because I live in Indonesia and the postal service is not great at all, also I didn't want to wait for shipping to get stuck into reading it lol. You are all awesome!
That's exactly what we just did. We lived in a home that we thought we were buying. But the home was in my mother n laws name, long story short we had been paying the house payment right to the mortgage company ( which we struggled to do) and all of a sudden my MIL told me to start paying her the house payment. Next thing we know were getting a foreclosure letter and we have 2 months to move! We found a lil 3 bedroom trailer, something big enough for my family of 6. And we had 1.5 months to come up with 4,000 for a down payment( it's a rent to own, we will own it in 7 years) It's a BEAUTIFUL trailer, very nice, clean and brand new everything! I don't know how in the world we came up with that money, but by the grace of GOD! There is no other explanation on how we came up with that money but that the lord provided when we needed it most! Now that we are moved, and I get to thinking about it. Loosing my home was really a blessing in disguise. We struggled every month to make that house payment, and now we are in something we can actually afford. Come income tax time my house payment will go from 530 a month down to 330 a month. And if that's not a blessing I don't know what is!!! Downsizing isn't a bad thing people. I LOVE my new home. It's very nice, nicer then the home we were living in. Matter of fact people have told me we have the nicest place on the block :) I know God knows whats good for us before we do! OK I'll get back to the video now :)
C-Light Candles & Soap what a great story of Gods provision
Wonderful story....and you're blessed!!
Also, in my finance class I took recently, we learned that cutting your payment in half and paying twice a month reduces your total number of payments if your lender used the daily per diem interest calculation. Then, if you get paid every two weeks, pay half every two weeks and you'll reduce the number of payments further because you'll make an extra payment every year.
there is nothing worse than being house rich and money poor. After my divorce in 2000 I went from a 2000 sq ft house to a 900 sq ft house that I bought for $33000. It was in a small village, 40 minutes by highway from my work but I knew I would never spend in gas what I was saving on a mortgage by buying there. And the mortgage was paid off in 5 years. Not bad for someone starting over with nothing but a job and a friend who let me live in her basement for two months so I could save up the down payment. You do what you have to and are better for it. You are so wise Jill and you have a great sense of humor.
Lyn Hanna i
Lyn Hanna how’d you find a house for so cheap??
I had a teacher once who said when him and his wife would move state to state he would check the price of eggs because that determined if it was expensive or not to live there. not sure how true that is but I always remembered that
This was good down to earth advice. The best thing our parents did was impress upon us the importance of having a house paid for before retirement. The best thing my husband ever did was not fall for the banker's offer that we were good for a lot more money and could have a more expensive house. (He actually said, "do you think I'm crazy enough to still be making house payments when I get to be 70 years old?") Because this was our second house and we had sold our first one, we were able to make a sizable down payment and just take out a 15 year mortgage. Thank goodness for wise parents and a smart husband, because right before we paid off the house, he had to take early retirement due to Parkinson's Disease. That was 7 years ago and I don't see how we could have made it if we still had a mortgage. Or rent, for that matter. Either would be awful.
Mobile homes and single family homes are your best options when living on a budget.
I discovered you videos and really appreciate your suggestions. I live in NYC and work at conserving on utilities, maximizing my income and putting away. I live debt free and have for 20 plus years. If there is something that I am thinking of buying I start putting money aside for it and by the time I have saved, I may decide that I didn't wan it any more. Thank you for sharing.
Hi Ms. Jill and Ms. Tara , absolutely absolutely love your videos. You guys are such an inspiration. Love it, love it.
Thanks for this vlog! I need tips for my mom who is almost 70. This will definitely help. Bless you both!
Thank you for the reminder Jill - "if you're serious about getting out of debt. 🤦🏽♀️ I just bought 3 new cardigans I don't need, just wanted.
You two are so much fun to,watch thanks for the video !!
I think Jill should be sent on a luxury vacation courtesy of Tawra and Mike since she worked so hard raising her.
I offered but she declined.
. :-) Tawra
I love these videos! We are frugal and on that Debt Free Ride too. We do a lot of what you suggest already. There's so many ideas I get from you and it is so good to hear we are not alone! Thanks!!
I grew up in a house like yours. The fuse box was in the bathroom and during the winter, I saw ice around the fuse box every winter, many times.
Another way to save on housing is to share. We have had to rent a room from time to time Just KNOW who you are renting too. A few years ago we needed to get a bigger place as we were letting our adult son move back in {he finally came to his senses and wanted our help}. We did not want to stay where we were so we bought a house which has a bedroom apartment downstairs we rent that helps pay our note, our son pays rent too. The best we ever did was a "live in" job for 3 years and 3 months. When that ended we had to rough it. For over a year it was 4 adults in a condo designed for 2. But now it is paying for itself and as you say we lived to tell the story, and after the apartment's rent and my son's the difference is less than renting a room for us.
thank you for sharing this video.
jill u r an inspiration
I am mortgage poor and I love couponing. I won't lie - it does take time and effort, but it is totally worth it because I get so much for free, like 6 jugs of arm and hammer detergent last week - free. Smithfield pork had $2 coupons a while ago, so I'd get the smallest pkgs of pork chops (like for $2.24) and then get the $2 off. Also you often have overage, so you can put that towards your meat or produce which may not have a coupon. I have a huge stockpile of toothpaste, deoderant, salad dressing, refried beans, mustard, shampoo, body wash, clorox wipes, mac & cheese, tomato sauce and paste, snickers, vitamins, medicines, feminine stuff, peanut butter, nutella, all FREE. I won't buy cereal unless I can get it for a dollar or less - generally Cheerios. That's less than the store brand or Aldis.
Many places no longer allow coupons for this ^^ exact reason. While it makes sense to stock up on lots of things, it doesn't make sense to horde more than what you can use in a reasonable timeframe either - say a year. Otherwise, many things like salad dressings, toothpaste, beans, vitamins, medications, peanut butter etc will expire. Not that it goes bad when it expires, but at that point you can't even donate it to a food bank as many can't take expired food. OR you have to find places to keep all that stuff. And no, I'm not jealous, but I find it wasteful to consume in this fashion.
Valid points but one plus is, if you have such a surplus you could share a lot of it with friends or family who need, and even with a food bank but as you say, before expiration.
Yep. I have a doublewide and its paid for. I couldnt afford the apartment anymore in a ritzy town and it made no sense to stay there any more cause kids gone so i moved and saved almost $300 to rent to own my place versus $650 a mth. To rent apt. And rent was going up $200 at apartment.
Jill, you are inspiring.The Obama 8 years hit me really hard.24 /7 mom divorced.1 son 15 yrs old.High property taxes (raised to 6 grand this year).We also recently got a refugee center lutheran services across the st from our neighborhood.I'll be able to keep my 2 rental properties(mine before I got married).BUT this expensive home with pool has to go.We've already cut back on central AC.water, you name .Found another nice place out of cctx.We;re going to rockport.Cheap utilities, prop tax and nicer folks.We;re selling this summer.Never had a mortgage , so we're good on that end.My debt is now making payments on prop taxes.New place,CHEAP property tax at 1440.00 yr Utilities 171. a month.I was in shock, they were so cheap.WITH central ac and water.And no polluted water.
Moviestar Memories hope you did ok in the recent storms🙏
We are moving to Lago Vista for many of the same reasons.
We're looking to buy a home now. We told the mortgage broker we didn't want to pay more than we are now in rent, so that put us at a smaller purchase price than we qualified for, and that is making the hunt more difficult. However, we have the peace of mind that we will still be able to pay a little extra on the other small debts. Plus, we'll be able to add a little to savings.
Brava, ladies, brava!!!
Jill your so dang cute! Remind me of my mom. She worked two jobs, kept out of debt and had the ask philosophy as you.
I live in Anaheim, CA. Space rent for a manufacturer home is approximately $1,400. That's not including the manufacturer home mortgage payment. That's more than my house payment.
I live in Anaheim too. Our space rent is about$1800 and it keeps going up.
smart living
Years ago after divorce I bought a small wood frame house for my daughter and I for $47,000. I’ll make my final payment in 2 months. The central heat was old and had to be replaced a few years later. No a/c and we need it here. Old carpeting even in the kitchen and baths. Luckily it had good bones. Over the years I made improvements one at a time, doing what I could myself. I cannot believe these people on House Hunters who buy these expensive houses and then put thousands more into “updating”. I wonder how many are able to keep up the payments.
I think Jill is also a very good person, but due to unrealistic expectations of raising a family and expected to help repair a gut job of a home while saving everywhere else it was too much for her to not express her stress; completely understandable. She shouldn’t have been expected to live like that in her situation.
So Jill doesn't live at same house today right?
No she moved from that house in 1996.
Mom Of4
The stomach flu, that’s real life is it?
I think the ex-husband/father should have been giving them money.