Skip to main content

Debt Update

I have not forgotten about Dave Ramsey. In fact we are still very much following most of his rules. 

The number one thing I took from reading Dave's book, was that you need to stop going into debt further. 
Sure you have all this debt but in order to be successful you need to stop that cycle ASAP and do whatever it takes to not add more debt to that pile.

Well the last 2(ish) months have been just that. 

We live in WNY and February was the coldest month in the record books. Which means our furnace ran non-stop. We use oil as our heat source and well it's expensive. In years past we have charged it on the credit card and tried to pay it off $50-$100 payments at a time. Well this year as of today we have no debt due to oil!


My amazing husband started working 6 days a week(temporary) to help prevent more debt and to knock of some already existing and we have done just that!

No more credit cards for us!! Plus we have made some extra payments on our smallest loan we have!


I will be 100% honest it was annoying having to put the debt snowball on hold to pay for oil because it felt like we were treading water and not snowballing anything.

However it is nice to know that we worked hard and prevented future debt!

Now our hopes are to get that smallest loan paid off and my car loan is next! I can't wait to see where we are in a year!

This is a process and it can be annoying. But I just know it will be worth it. Sure I have bad days. I even went on a little shopping spree because I was having a I don't give a crap let me spend money. I went home and felt awful. I returned every single item I bought and felt so much better. Sure it's fun in the moment to be frivolous however it's not worth it in the end.

Our account slowly leaking money every month has been good as well. We don't use our debit cards unless we talk to each other first and usually we have the money to put back in the account or we sacrifice somewhere else. 

Here's progress!

Comments

Popular posts from this blog

Friday Favorites

Love that it's Friday Love that its Friday and we have a beautiful weekend ahead of us! Linking up with Andrea today! One These PJ's. When we first got married (and even before I was married really) I used to wear cute PJ's to bed and then I started to wear not so cute PJ's to bed so I ordered some new ones and OMG girls get these now. So so soft so so comfy and under $20.00! Plus they have pockets!   Two While your shopping at Kohls throw some of these picture frames in your cart! Just for fun! I love that they are easy to change out and have a distressed look! Plus they can sit on a shelf or be hung on the wall. Love! Three We have been swimming like crazy and that equals all the things that go with swimming like a million towels and swim suits. My bathroom was a mess. I usually never wash my swim suits I just rinse them out and hang dry they last a lot longer doing it that way and so I had things hanging every where! So I ord

A nice little sweet spot

The sweet spot…. We seem to have hit one. I feel like we have not been in a sweet spot since the twins were about 6 months old. You know before they were mobile and can get into a ton of mischief. When kids are 0-6 months they still like to be held they eat mostly bottles and they mostly just stay in one spot. No issues, you can go places and even though you have to pack up your whole house to be prepared you can relax. And if you are in my family someone is always willing to hold or feed or change a baby. 7-months to 2.5 years old is what I refer to as the lost years. You have so many things you have to do for them they are not potty trained and they are mobile and get into EVERYTHING. Going outside is more work than its worth and with twins they scatter in opposite directions. Three on one is so hard handle in big open spaces. I would often find myself skipping outside time because the work was just too much for me. When the twins turned 3 and Grayson was 6 it felt like we had a

Home Schooling

Ah home schooling something that all of the country was thrown into. March 13 th was the last day that Grayson went to school and Charlotte and Marshalls last day was March 12 th . We got the call on March 15 th that school was closed for 2 weeks and that a pick up for at home materials would be on Tuesday. It was not required just suggested and so we loosely did school work. A worksheet here, spelling words here, some math problems ya know simple things. We truly believed that 2 weeks and they would be back in the classroom that is what the district presented as happening and so the distance learning was just to occupy time not to really learn anything new. Everything we were given was review.  Then we got the notification March 30 th we were closed again for another 2 weeks. Again, we were being loose with the learning because I was now working from home all but one day a week and had all three kids home and lets be honest it was a lot. Michael was still working 4-5 days a wee