BALANCE AND JOY THROUGH INTENTIONAL LIVING
Each month ( at this point, it’s on occasion 🙂 ) we will share a monthly debt update to document our progress and use it as a way to reflect and keep us accountable and motivated. We’ve been gone for a minute, but we’re back! With an update… Things have been busy, full of wonderful adventures and loads of love. We are working so hard to eventually be debt-free. That combined with having two toddlers has been tiring. But when we accomplish a milestone, it makes it all worth it.
Each month we will share a monthly debt update to document our progress and use it as a way to reflect and keep us accountable and motivated. March was an exhausting month. They all seem to be these days. But what keeps us going is the opportunity to actually have options…eventually. So we keep pushing, keep making these debt payments because we see the progress. And it is so motivating.
Each month we will share a monthly debt update to document our progress and use it as a way to reflect and keep us accountable and motivated. We are making steady progress and things are feeling like they are on autopilot. Tax season is here, so we’ll eventually need to take a step back in order to pay our tax preparation fees. We’ll cross that bridge when it comes.
I’m finding it harder to make financial plans, which is completely opposite of my normal way of operating. But setting money aside to pay for future expenses makes me anxious because I just want to put everything toward debt immediately. So lately we pay for things when they come up instead of saving for them and having it ready in advance. I am only comfortable doing this because we have an emergency fund. Emergency funds are extremely important. If you don’t have one, start creating one now.
Each month we will share a monthly debt update to document our progress and use it as a way to reflect and keep us accountable and motivated. We’re getting so close to being rid of rental #1 and we are so excited. We’ve been side hustling, working extra hours, and really ramped up this month. We had 2 windfalls – stimulus and a reward at work – and both went to the mortgage. They really helped propel us to under the 10k mark.
Each month we will share a monthly debt update to document our progress and use it as a way to reflect and keep us accountable and motivated. We were able to pick up some steam this month, which is exciting. My company allowed us to sell back double PTO this year due to COVID-19. We took full advantage and all excess went to debt.
Each month we will share a monthly debt update to document our progress and use it as a way to reflect and keep us accountable and motivated.
This was another frustrating month. We continue to have household expenses that are derailing the debt payoff. Between roof and floor repairs this month (a long story for another time), we have been stretched so thin that we’ve made hardly any progress. Murphy’s Law is hard at play but he won’t win. He doesn’t even stand a chance.
Though we are frustrated, we have to be intentional and remind ourselves to be grateful. We were able to cover the issues with our emergency fund, but now we have to put the debt pay-off on hold even longer so that we can re-build it.
Now that we have shared our debt summary, it’s time to set the plan in motion. The past few months we’ve been attacking the debt with gazelle intensity. We want to keep the intensity up and sharing our plans here will help us do so. Let’s cut straight to the chase. Here’s our simple plan to pay off almost $400k of debt.
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