2013 September

The Wealth Files: A simple method to tackle credit card debt

09 04 2013

I got my hands on my first credit card when I was at university. It was a bit like the forbidden fruit at first, I looked but didn’t touch, but, at some point, I gave in.  I’m sure it must have been for some very necessary purchase at the time: a new outfit for the end of term party, travel tickets to see my friends in the summer break…  But I didn’t stop at one.  In fact, leaving college, relocating to a new city, buying my first property, travelling, lots of the milestones of my twenties were all with the “help” of a credit card (or two).  The result: the should-have-seen-it-coming credit card debt.

Reaching my goal of being credit-card-free was a long, hard slog but small successes along the way kept me going.  I used Dave Ramsey’s  ‘snowball’ method.

The usual advice is to pay off the card with the highest interest rate first, but the snowball method does things a little differently.

First you revert to paying the minimum payments on your cards.  You heard me right – minimum payment only.  Instead of spreading your efforts in trying to over-pay each month on all your cards, focus on one.  Then you tackle debts one-by-one, starting with the smallest balance first.  The idea is you clear one balance and use the amount you’d budget for it each month to add to your next balance payment, snowballing the overpayment with each balance you clear.

To try the snowball method to tackle your credit card debt, follow these 6 steps:

– Revert all credit card payments to monthly minimum amounts.

– List all your debts in order from smallest balance to largest.

– Choose to focus on the smallest balance.  Over-pay as much as you are able until the balance is cleared.

– Celebrate your first success!  This keeps you motivated to achieving your debt-free goal.

– Tackle the next smallest balance, adding the minimum payment amount from the cleared balance to make an overpayment, ‘snowballing’ the amount you’re clearing and the speed at which you’re moving towards being debt-free.

– Keep going.  Keep focused on the freedom of clearing the debt and celebrate as you see your total balance owing come down.

Have you tried using the ‘snowball method ?  How did it work for you?  What tips do you have to share with other Glitterati Girls who want to be debt-free?

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Tools of the Trade: Life By Design 6-month planner

09 04 2013

It’s back-to-school time.  It’s that time of the year for new starts, fresh intentions.  Do you have goals for the year?  If yours could do with a little jump-start, my free Life By Design 6-month planner could be just the ticket….

They say ‘a goal without a plan is just a wish’ so, instead of crossing your fingers and wishing, start planning action.

  • Download the free Life By Design 6-month planner here
  • Declare your big, beautiful vision: what is it that you want to achieve? How will you feel once you’ve made this happen? How will you know when you’ve done it/achieved it?
  • If your vision is your ultimate destination, what are the stepping stones that will get you there? Write these mini-goals on the planner.
  • Decide what you can do right now and this month to move you towards those goals?
  • Then plan what you need to do within three months and then six months.
  • You may want to review this 6-month planner weekly and use it to direct your weekly and daily task plan.  
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Behind the Scenes with Kelle Boyd of Anne Kelle Designs

09 03 2013

AnnKelle is the story of a childhood dream rekindled.  As a child Kelle says she loved to draw.  She’d proudly carry around the sketches of her own clothing line and wedding dresses in her school backpack.  But, when she grew up, she traded in her coloured pencils for a career in public policy.  It was while she was working for the Mayor of Nashville that Kelle’s path led her to a local craft store where she decided to buy some art supplies as a stress reliever.  In a flash, her creative streak was reignited.  Kelle’s renewed passion turned into a business, Ann Kelle Designs.  Now a sucessful woman entrepreneur, Kelle is proud to have caught the attention of her peers and her gorgeous designs are sold in small boutiques as well as large US retailers, Target and Barnes & Noble.  

We’re lucky today to get a peek behind the scenes of Kelle’s business…

Hi Kelle, please introduce yourself to the Glitterati Girls… 

I’m Kelle Boyd, the girl behind Ann Kelle. I currently design paper goods, personalised stationery and fabric.

Describe your typical day/week schedule.

No day or week is the same. I work Monday through Friday (and most Saturdays). My hours are flexible. If I get a late start, then I work through the evening. Some days I start early and end late.

How do you plan and organise your time?  What are your biggest challenges with this?  What tips can you offer?

I’m a list girl. Each week there are different deadlines and work tasks that must be completed. I write them down in my calendar for the week and then assign those to certain days. I try to have at LEAST one day where all I do is design. Those days are the best! A special tip is to be sure to give yourself a day off. I know it’s hard, especially in the beginning. But, I think it’s so important. For me, I don’t work on Sundays. I don’t talk about work, try not to think about work . . . I have the day off.

[Tweet “”I try to have at LEAST one day where all I do is design. Those days are the best!” @annkelledesigns via @emmagwillim”]

What are your essential office tools?

My Mac laptop, Adobe Illustrator and Photoshop. Whenever there’s a storm alert and I go to my safe place, I always grab my laptop.

Are there any websites or apps that you’d recommend to other entrepreneurial women?

I use Quickbooks for accounting. I still have an accountant, but Quickbooks helps me keep everything organised. I try to do “bookkeeping” at least once a month, so everything doesn’t pile up.

Describe your workspace and how it integrates with your working style.  How does it motivate/focus your work?

I work better if the environment is clean, organised and bright. My walls are white, as well as my furniture. I have a huge inspiration board, which is a mixture of my designs and other photos that inspire me and help me stay focused on my brand.

What book has most inspired you?

The Dot by Peter Reynolds. This book inspired me as an artist. When I was a child I drew all the time. My dream was to be a designer, but I wasn’t confident in my art. Sadly, I eventually left my childhood passion of art. It wasn’t until 15 years later that I picked up a paint brush again.  This book spoke to the little girl in me that didn’t believe in her art.

AnnKelle-fabric

What’s your typical working lunch?

I don’t like eating at my desk. I like to step away even if it’s for ten minutes. I work from home, so thankfully the kitchen is just around the corner. I typically eat a meal I’ve already prepared for lunch, left overs or I walk up the street to this local cafe to grab a salad.

And how do you switch off once the working day is done?

I enjoy my job, so it’s hard to turn it off.

What makes your life sparkle?

God

AnnKelle-stationery If you want to check out Kelle’s beautiful work, head over to her website or you can say hello on Facebook, Twitter and Pinterest.

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