Organizing while I listen to Christmas music and wear sweatpants. This is my perfect day. Christmas is a week and a half away, and instead of scrambling around for presents, or running from place to place, sucking up as much Yuletide fun as humanly possible, we're decluttering our house. We've got family and friends coming … Continue reading The strange things that happened this Christmas
It's the middle of September, and all September bills are paid. One of our paychecks has already been distributed to our different October sinking funds, and our October credit card payment. The next September check will be used to pay all October bills. Before diving into October numbers, I wanted to mention our new bank … Continue reading October’s budget
It's been so long since my last post, it took 10 minutes to remember how to get back into my own blog. Speaking of slow but eventual progress, we've almost reached the half-way point to paying off our student loan/credit card debt. With the student loans paid off, and a couple of "small" (no such … Continue reading Summer update
After crunching the numbers for how long it would take us to smash our last personal credit card to smithereens, I panicked. The card has about $10,000 on it. It has a minimum payment of about $300 per month. Currently, we're racking up about $170 dollars in interest every month. I messaged my husband, telling … Continue reading Balance transfer? Nah.
After sharing the news on social media that we were three debts lighter, an acquaintance cautioned that we need to be ready to end up back in the frying pan. I think it was her take on the saying, "Out of the frying pan and into the fire." Right now, we're definitely in the precarious … Continue reading Greetings from the frying pan!
The big moment finally arrived! We paid off our first debt. Actually, our first three debts! We paid off a high-interest Home Depot credit card that burdened us for about three years, as well as a $2,000 credit card, and the remainder of our student loans (about $2,000). We've been on a budget lockdown since … Continue reading 3 debts down!
We recently switched from paying bills every couple of days, as they came due, to paying bills in two batches. The first batch at the start of the month, and the second batch mid month. Before the new system, I logged into our accounts daily, paying bills, monitoring balances, and projecting checking account totals before … Continue reading Budget paranoia
MARCH 2019 This post is premature, but this entire debt-burying plan hinges, in large part, on optimism. So, please indulge me in this glass-half-full musing. We’re hoping to start April with a brand new budget, minus two, if not three of our debts. (You can find our previous budget in earlier posts.) This year’s tax … Continue reading Building a brand new budget
We’ve set aside money for our twice-a-year real estate tax bills for some time now. We categorize this money as a "sinking fund" in the budget. Each year, those real estate bills total about $2,400. However, after a closer examination of our year-around finances, it was apparent that we needed to factor in more sinking … Continue reading Sinking more into the sinking funds
We’re still working on our taxes. So no update yet on how exactly this will impact our debt snowball progress. Our personal taxes come together smoothly, but the farm's taxes take longer because there's a lot more to figure out. However, optimism is our friend, so, we’re hoping that our tax refund, along with our … Continue reading 25 years vs 1 year