I have has a rough financial summer due to some medical complications that have not only depleted my emergency fun but promise to keep the bills rolling in for months to come.
I am starting again. Saving the $1000 dollars. Again. And then paying the medical bills and furnace by snowballing. Again.
And paying for a new water heater, cause mine is starting to leak and is 14 years old. That is how it is with home ownership- always something.
So I keep on keeping on. It is hard sometimes, but I am still in a better place that I was this time last year.
Showing posts with label Baby Steps. Show all posts
Showing posts with label Baby Steps. Show all posts
Friday, September 15, 2017
Monday, January 9, 2017
Baby Step One is DONE!!!
I have been halfway working the Dave Ramsey steps for a while on a winding journey to becoming debt free. What does that look like? I have not used a credit card since September of 2014.
Oh my- that seems like such a long time ago.
In the fall of 2016, I decided I needed to do more- so I started reading Dave's books and working on saving $1000 in an emergency fund. Today, it is in there. All $1000 dollars. All my January bills are paid, I have grocery and gas money, and a baby emergency fund.
I finally have some breathing room in my budget.
I finished paying off braces and my Honda- a huge increase in my cash flow for a minute, but in going to the recommended 15 year mortgage, I have a larger payment. Over time I will save a huge amount by cutting off the 8 years- I am focused on that.
The other fly in the ointment was the new furnace/air conditioner. After 30 years, it was way past time, and having a QUIET furnace is kind of amazing. Merry Christmas to me, but I hate that I had to take on the debt. It is "no interest" but I hate it.
On the plus side, my TWO Dave jobs are bringing in much needed income. I am spending less time at home watching TV in the evenings and on the weekends, but I have a goal. A debt free life. The hard work is so worth it.
Additionally, I keep reminding myself that it won't be like this forever.
On to the debt snowball!
Oh my- that seems like such a long time ago.
In the fall of 2016, I decided I needed to do more- so I started reading Dave's books and working on saving $1000 in an emergency fund. Today, it is in there. All $1000 dollars. All my January bills are paid, I have grocery and gas money, and a baby emergency fund.
I finally have some breathing room in my budget.
I finished paying off braces and my Honda- a huge increase in my cash flow for a minute, but in going to the recommended 15 year mortgage, I have a larger payment. Over time I will save a huge amount by cutting off the 8 years- I am focused on that.
The other fly in the ointment was the new furnace/air conditioner. After 30 years, it was way past time, and having a QUIET furnace is kind of amazing. Merry Christmas to me, but I hate that I had to take on the debt. It is "no interest" but I hate it.
On the plus side, my TWO Dave jobs are bringing in much needed income. I am spending less time at home watching TV in the evenings and on the weekends, but I have a goal. A debt free life. The hard work is so worth it.
Additionally, I keep reminding myself that it won't be like this forever.
On to the debt snowball!
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