It’s finally here. The moment where we’re under 50k. Every moment, every sacrifice is going to pay off and I will shout from the rooftops when it happens. Here is our January financial roundup.
If you’re new here, let me get you up to date. We have been following Dave Ramsey’s baby steps for a long dang time, but up until July of 2019, we did it “Dave-ish.” Anyone who follows him knows what that means, but for those who don’t, we didn’t go all in. That is until last year. I was so tired of seeing every penny we brought into our home, fly right back out and so here we are. Every month (almost lol), I put it all out there. How much debt we still owe, how much we paid towards it every month, and sometimes failures.
We moved at the end of October 2019, my husband started a new position, and we’ve had to make some tough decisions. You can read all about our move here. Something that didn’t change for us though was the dream of becoming debt free. ANY extra money that comes our way is a big discussion on how we want to use it. I mean, I have an entire menu item dedicated to debt freedom. Yes, it’s that important to us.
So let’s talk about those numbers above. We knew we needed to take care of a few things. I desperately needed a used new- to -me car. My beloved swagger wagon was on it’s last leg so we decided to liquidate some assets we had (cough cough my husband) and pay cash for a car. Yep, no car payments for me. It was the oddest feeling to purchase a car that way. I had never done it and let me tell you…it was awesome.
the new used car
After a lot and I mean a lot of research, we decided on this 2012 Toyota Highlander. It took some getting used to since I’ve been driving a min van for a LONG time, but it really is nice. Want to know how much we got for the van? I big ol’ $750. I giggled as I even typed that amount. I’m telling you, I drove that thing till the bitter end. We knew we wanted something with 3rd row (I carpool kids), less than 100,000 miles, and was safe.
The remainder of the liquid assets went straight to debt. We were able to pay off one full debt and put a large chuck down on another which is why you see that total debt payment number for January so much higher than normal.
There it is. Our start of 2020 and I’m pretty damn proud. Could we actually be out of debt this year? My dreams are high, my vision is clear. Let’s do this.