Our debt free journey
The month I’ve been waiting for. Can you guess what we did? What we sold? I’m sharing our July financial roundup for our debt free journey. Every month I share the amount of debt we paid off in hopes of not only inspiring others, but to keep us on track. Welcome to our open book policy 😉
It’s just so ironic that I had just done the math, and realized if we were to keep the truck, it was going to take us so dang long to be debt free…but life had other plans. Ironic huh? I love when my husband is on board 110%!!! I get fired up!
Debt snowball revamped
I’ve revamped our debt snowball and dare I say…made some pretty crazy goals? Our plan is to be 100% debt free before we move to Raleigh. We are going to be literally throwing every single extra dime to debt. You should see the 1st round of Yard Sale items I have stacked lol.
Yep, I know what you’re thinking… Mellisa, how in the world are you going to pay off $54,458 in debt in 10 months? I’ve got a plan y’all. Remember, the hubs gets a pay increase, I’m going to take on more clients, and we have dwindled our budget down to the bare minimums. I have faith. I know in my heart we can do this. I KNOW WE CAN! Beans & rice, rice & beans (only Dave Ramsey followers will understand that reference lol).
With the change in vehicles our insurance has gone down, with the move of my daughter to Sweden for 6 months, her car doesn’t have to be insured, and gas budget can be decreased as well. All that extra monthly income can be thrown straight to debt.
Other things we have changed
Car insurance down $150 (that is not a typo. Kids are freakin expensive to insure).
Crossfit is gone. He will be gone so much during the week we can not justify the payment.
We added dependents on husband’s paycheck. We have always been given a pretty hefty tax return every year, but after a lot of reading…we want to use that money right now. Not at the end of the year.
I’ve decided to add more clients to my schedule. Yes, it will be chaos lol.
Sell, sell, sell. We will be condensing every single thing in this house. All money will go directly to debt.
No more vacation scheduling until we are out of debt.
I share these things...
I share all these things in hopes that it not only keeps us accountable but that others get a feel of not being alone. Debt is dumb. Doing things you’ve always done just because is dumb. I can be the queen of dumb. Not this time…