Financial Independence with children – nothing is impossible

Who wouldn’t want to achieve financial independence?

From bank loans, credit care loans, student debt…it seems everywhere you turn to, there is always something that promises you fast money in return for every penny you have saved for. Or better yet, promise you money at an time where you are still classified as a “virgin of money” (e.g. applying for your first credit card at the age of 18). You have barely made it out of school and the hounding has already begun.

This, thankfully is not where my story begins.

My story began when I found myself being a bit too gullible, a bit too kind and a bit too stupid really. I love to help others. Those who are close to me, I would gladly get into debt for if I knew that this will help them. I wasn’t expecting anything back, but a thank you would have been nice. And this is where my stupidity had kicked in.

Now I look back and I have learnt a few insights about debt. Not only with the sneaky companies who promise you a great deal on a loan, but also who to count as trust worthy and who is genuine.

I am not in a huge amount of debt, unlike some who have thousands under their name. But I have enough to take a second glance and think to myself, “I don’t want this debt to hang over me until I die”.

I am now in a position where I still have debt and I have young children. This is a point in my life, where I have to not only teach myself about money, but to teach my children about money to avoid the same mistakes I did.

I found that through the years, paying attention to money patterns and learning through trial and errors, have helped me to become more money savvy and I hope that these little tips will help you too;

Take Control

When I realised that my small debt was nagging me up the wrong way, I took control of the situation by facing up to it. At this time, I was a new mother with no job, and relying on benefits. This debt was not going to go away, no matter which way I looked. I phoned up a wonderful company, called Stepchange and within a few months, with support, I was free from a credit card loan.


Now I may have this completely wrong, but it is something that has been playing on my mind a bit. When you have a savings account, it seems to me that you tend to receive more credit card offers than if you didn’t have one. In my opinion, the bank that you are holding your account with, have access to each and every account you hold with them (duh!) and this allows them to put forward a few promises of easy money, because in the end, if you state to them that you have not got any money (in your current account) to pay back, kerching! You have a savings account they can take money from….coinkydink? Well, you tell me?

Money Lessons

As a youngun, I don’t remember receiving much in the way of knowing how to budget or spend my money. I certainly didn’t receive any lessons on how easy a target you can be when your young and you have just earned your first job.

Plan to teach yourself about budgeting and how to save money etc. There is a wealth of information out there (free as well). Whatever information you come across, teach your young ones about it. This is the only way they will get to be more money savvy in the future. They will appreciate it.


There are many temptations out there. There are many ways in which you can spend your money. This will probably be the hardest addiction to go through, as it may not be seen as a bad thing. But do we really need that top of the range blender? Can we make do with a simple one for now? I know it’s on offer, but does that mean that it will never be on offer again? I think you can see where I am heading with this.

I have not reached financial independence yet. My journey may just be beginning, but I know I have already started to feel financially independent as it does not weigh me down at the end of the day. Changing your perspective on how you deal with your debt will also help with your personal journey to being debt free.

I hope to teach you more as I go through this journey and I hope it will help you to see that there is always a light at the end of a tunnel, it just depends on whether we believe it is there or not.

Please feel free to get in touch or leave a comment on how you are coping with debt. Or if the advice has helped in any way. It would be great to hear from you.

The smallest achievements is what will push you to succeed.

All we need is a little patience and understanding.


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