Sunday, January 19, 2014

Bye-bye debt!

Weight, wheat, debt, our minds?  How about all of the above! 

So there are always things to improve upon, but sometimes you have to break them down and just get started. 

Back in August/September, 2013, we (me and the hubs) started back the Dave Ramsey Total Money Makeover.  It has taken some time, and we're still not 100% where we need to be with our budget, etc, but let me tell you we are so far in the right direction from where we were!  It's actually become fun...yes, budgets can be fun!!  I'm slightly addicted to looking at our budget, bank account, debts honestly can't help myself! 

We are currently on baby step (bs) 2...the debt snowball.  Baby step 1 was to build an emergency fund.  It always seems to happen that when things are going right, it's going to storm...and these storms can eat into your budget and in the worst way, the part of your budget that should be going towards paying off a debt!  So we have $1,000 in our EF and, knock on wood, we have NOT had to use it!  Josh needed new tires, but we said a lot of prayers and saved, saved, saved in our "transportation" budget and just a couple of weeks ago, we were able to pay just over $600 in CASH!  It was such a great feeling to know that we weren't taking this money from anywhere else, we didn't borrow it and we didn't get a loan...truly an amazing feeling. 

So in order to hold ourselves accountable, and hopefully to help some of you out, we will be sharing our journey to financial freedom...I'm not making any promises about how often I'll update this subject, but I will try my best to keep it fresh and not let it get stale.  In the meantime, if you have tips or some motivational comments, please feel free to share...until next time! 

1 comment:

  1. Financial stability doesn't just come knocking to anybody's doorstep. You have to work for it to arrive. Dave Ramsey is a great financial adviser, but knowing the tips and tricks won't be enough. You have to apply it yourself and focus on your goal. In any case, you're doing a superb job, Amanda. I wish you all the best! :)

    Stanley Erickson @ Bankruptcy Happens