8.08.2017

Debt Snowball AGAIN

I come here today to hang my head in shame a little bit

3 years ago I declared that we were getting out of debt. I had just read Total Money Makeover and was so ready to get out of debt.

We did awesome, we saved $1,000 and fast and then we got to work on our smallest debt. We paid it off in about 5 months and then we stopped.

Like hardcore just stopped. Why? I could give you a million reasons

I self medicated by shopping a little bit after my miscarriage and we justified a weekend trip to Toronto even though we didn't have a budget because it was our anniversary.

Then September came and we were pregnant with twins. We were faced with a ton of financial decisions and we made some moves out of fear (I'm looking at you mini van) and our own pressure.

We had a real come to Jesus moment when Michael went to his new schedule and our daycare bill was about twice our mortgage. 

My husband hates to read. But I needed him to read this book! So I found Audible downloaded it on his phone and he "read" Total Money Makeover in one day and that was it. We were hardcore on the road to becoming debt free.

Our total debt as of August 1st 2017 was 66,000.00 That consists mostly of student loans and some credit card debt. Our goal is 24 months. Seems crazy but we have a hardcore plan and I truly think it will be less. My guess is around 20-22 months.


I will update at the first of every month what we have paid off.
Plus what our monthly goals are outside of debt

This month it is
Complete Baby Step #1- Save $1,000.00
Hit Baby Step#2-Debt Snowball
Cut out a ton of extra fat from our budget (I'm looking at you storage unit full of junk and XM radio)
Get Term Life Insurance
Enjoy our last vacations until we are debt free (these were pre-planned and already paid for with CASH!)
Get Grayson ready for school
Organize our house


I strongly encourage you to look into this book
It has been such an awakening for us

I have a whole other post on the affect it has already had on our marriage and me as a person

Plus now with Audible there is no excuse not to get this information!!! My husband has listened to it twice already it's that addicting!