How would you like a debt free life?

According to the Wall Street Journal article Younger Generation Faces a Savings Deficit, adults under the age of 35 have a savings rate of -2%. Negative two percent, how is that possible? The answer according to the 2014 Wells Fargo Millennial Study is debt.

How would you like a debt free life?  Seems like a simple question with a predictable answer. It’s really more than just being debt free, it’s not living paycheck to paycheck. It’s being able to comfortably afford the wonderful things in life: a place to call home, vacations and travel, time with loved ones, fun activities, family planning, and giving to others. I am sure you and I could both come up with a long list of things we’d love to spend (would rather spend) our money on. That would be a long list indeed and just so you know, when I use the word ‘money’, I’m not talking about credit.

If you’re similar to me, the simplest way to pay for something is using one of the credit cards in my back pocket. My favorite one is the American Express. Oh boy do I love my American Express. I love how it feels, looks, and takes only seconds to use. Paying with a credit card is like playing with poker chips at a casino – it doesn’t look like money, so you’re more inclined to gamble with it. This makes spending money before I’ve earned it easier and makes saving money a complete afterthought (a.k.a. doesn’t happen).

This madness has to stop.

My name is Jason Conway, Founder and CEO of Quemulus (kyou-muh-luss) and it is our plan to help break this cycle. I am excited to take this journey with you because I too need it more than ever. We are introducing our Money Clouds™ Blog, a place that will cover topics on debt, savings, business, family and friends, technology, fun, and how we’re all in this together. We are also going to cover how Money Clouds™, our personal and social savings app for iPhone (Android coming soon), will enhance and improve the way you save.

That’s our mission - to help us all save more money
  • Did you know that you have a better chance of accomplishing your savings goals if you isolate, focus, and specify the details of each goal individually?
  • Is paying off debt and being debt free as awesome as it seems?
  • Wouldn’t it be great for your birthday or Christmas to receive money towards paying off your student loans?
  • How helpful would it be to keep track of the money you’re saving and collecting for your upcoming wedding? Or baby on the way?

I want to be clear. The action of saving more must include the action of spending less. This is an important awareness and distinction when changing behavior which is often very difficult to do.

I’m ready. Are you?


Charlee Van Wagenen