Skip to main content

Baby Step #1 COMPLETE!!!! and Baby Step #2!!!

WE DID IT!!!!!!


We have officially saved $1,000.00 Emergency Fund. And I'm so proud of us.


We chose to start from a $0 balance for the Emergency Fund because we decided to pay off 2 smaller credit cards and used our savings for that. There fore we needed to build up the Emergency Fund.

Which we did in 6 weeks!!!
Now that we have our EF secure what is the next step?

DEBT DESTRUCTION!!!!


We have crunched some preliminary numbers and lets just say I'm beyond excited for this next year.

We actually hit our EF goal mid December but decided to start Baby Step#2 January 1st because we wanted to save some money towards Grayson's 2nd (!!!!!!) Birthday Party. I wanted to be able to pay cash for this and since we have a large(r) family we like to host the party at a location rather than our house.

That is a whole separate post for another day (soon promise!!)

Anyway we have been faithful to the envelope system. And have seen such a drastic cut in monthly bleeding. For some reason our account would just bleed money. Ya know $5 here and $10 here really really adds up.


Now that we spend every $ before the month starts we are so much better about swiping a card. I have cut our grocery bill in half and with the lowering gas prices we are saving money there as well.

Plus with our first big check in January we were able to pay off our last credit card!!! That's right no more credit cards for us!!! I'm beyond excited. Now we can start chipping away at the other loans we have.

I plan to do monthly updates as to where we are at the end of the month. And I'm so excited to do the posts because I feel like it keeps me accountable.

Again I'm just writing about our experience this is not how everyone does it and not how it has to be done but what is working for us! But I will talk about it with anyone who wants to!

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 ...

We got a van!!!

Words I didn't think I would ever type. That I drive a mini-van. A soccer mom car if you will. I loved my Jeep. I knew it would be fine for 2 kids. I was content in keeping it until it was paid off and then getting a different car. I just loved it that much. Then October 27th we found out we would be having 2 babies and that equals 3 car seats and my wonderful Jeep just didn't cut it anymore. We did a ton of research. Weighed our options. Looked into a ton of different cars and even bounced around the idea of trying to make my car work. But then it hit me. I'm alone in the mornings. It is just me that will have to load 3 kids into a car and trying to cram them all into my small (ish) jeep was not something I wanted to battle 3 mornings a week and in the winter. So I knew where I wanted to go and that was a mini-van. I wanted AWD and that narrowed me down to the Toyota Sienna. My cousin sells cars so we contacted him and set up an appointment and went up to...