Sometimes I feel as if I have been trying to get out of debt for my entire adult life. Then I realize that I HAVE been trying to get out of debt for my entire adult life. I didn't have too much debt coming out of college since I only completed a two-year degree. However, I didn't focus on what should've been a big priority for someone who has had a job since I was 20 years old.... SAVING!
If I had been better with saving, I wouldn't have had the need to use credit cards. That is a big bulk of our debt, along with marrying into someone who had $120,000 of student loans after completing college. Credit cards + Student Loans = No.Fun.Whatsoever.
I am happy to say that we have a plan. Not just any plan, a great, and very sustainable plan.
If you check out this page here, you can view Dave Ramsey's Baby Steps which are the basis for his The Total Money Makeover plan. We utilize Dave's plan for the most part. We have just changed it slightly to fit our family and our needs. We are working on getting our savings up while also paying down debt. Our focus is on smallest to largest bills outside of student loans. We are going to focus on those ones last.
We have also been working very, extremely tirelessly to pay off my darn car that I have had for longer than I would like to admit, which is why I'm ashamed we are still paying on it. Or I should say WERE paying on it.
Yep! You read that right. Today I made a chunk of a FINAL payment! $853.03 to be exact. That means that payment is dunzo! D-U-N-Z-O!!!!!!!!!!!!!!
In this moment, I understand why Dave Ramsey says to focus on smallest to largest (even though this was not our smallest payment), because man it feels GOOOOOOOOOOOOD to make that final payment and cross it off my budget and bill list!
I'm excited to share a lot more of our little families getting out of debt journey! So stay tuned, and feel free to let me know if you, too, are on the same journey!
P.S. For tracking purposes, non-student loan bill 2 of 22 = complete! Can't wait to let you know when the next one is paid off!