You may recall that my husband and I have been trying to get out of debt for some time now. It started with $152,852 in debt in January of 2018 which is when we decided that was enough. You can read about that here.
We have made some progress and had some downfalls, but we are on the right path. As of today, December 30th, 2020 we are down to (insert drumroll in your head) $85,575. That means that THIS year alone we have paid off ( drumroll again please) $38,269. That's HUGE for us. So how did we do that?
1. COVID helped.
Covid forced us to stay at home, and I tried very hard to stay out of stores, my husband and I both started working from home around March ( my husband full time) I went to work 1 day a week most weeks, but the gas we saved from his commute was fantastic. We weren't of course vacationing or taking day trips or traveling for anything really. We stayed. at. home. And I rather enjoyed it. I have a few posts from our "early" social distancing days here on my blog if you want to see what we were up to:
So all of that did help save us money.
2. All EXTRA money went to debt.
We had a few "snowflakes" this year- meaning money we weren't planning on. In the past, we might put half to debt and half towards something else, or half to debt and half into a kid's college fund or something. But this year- it was GAME ON. All extra money went towards our debt. That helped of course with the balance quite a lot.
3. I picked up some extra work.
Not a ton, as I still have a full time job, and a family to take care of, but the opportunity arose for me to teach an online course for a Christian University and I applied for it and started in October. So I only taught one course for them this past year, but it went to our debt, and I'm hoping ( and praying) that I get more courses next semester starting in January. I'll know about mid-January if they are going to need me or not. I also have been working on another project ( editing some test bank questions for a textbook published) which I won't get paid for until February. But again- that helps. My husband used to fix personal computers for people he worked with for some side money, but since he has been at home, he hasn't been able to do that.
4. We stayed on budget!
Cute picture of our rooster for fun.
For most things... Christmas was budgeted with cash we had saved, and we stayed within budget. We stayed on budget with our groceries and our other spending as well pretty much each month. It's amazing what keeping to the budget will do.
5. I amped up my Swagbucks and Bing rewards. ( read about those here)
I made more concentrated efforts to earn gift cards, which I saved in our Amazon account and used for things like birthday gifts, school supplies, and things we needed for the house ( exciting items like batteries and light bulbs). So that was super helpful in keeping our budget on par.
I'm excited for this new year and what it holds. We have been blessed beyond measure and are looking forward to 2021. I do want to add ( and please don't think I'm bragging) that throughout this time we have continued tithing 10% and just have prayed for wisdom with our money and have asked the Lord to help us be good stewards. I feel like he has certainly blessed that prayer and our faithfulness to tithing.
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