Oh. My. Goodness.
If you have followed me for very long you may recall that we are up to our eyeballs in debt.
I've debated putting out here how much we owe- but I have a feeling someone else may be struggling with debt as well. I hope it's not to the magnitude that ours is- but I have a feeling some of you may be struggling yourself.
So on December 31, 2017 we started with:
$152, 852 worth of debt.
This is NON Mortgage debt people. Sigh.
Even though I thought we were frugal over the last few years - we weren't seeing any progress. So starting Jan 1st 2018 we did a budget ( www.everydollar.com) followed it and did not buy ANYTHING at all we did not need. I have another post coming up about that soon, but just know that as of today January 31st- one month later we have paid off $1662!
That brings our non mortgage debt down to $151,378. It seems like only a drop in the bucket- but we have paid off more in one month than we did all of last year. That makes me both nauseated and hopeful all at once.
It's our first month and I realize that 30 days isn't that big of a deal but it does give me a glimmer of hope.
Some of you may be saving for a trip, or trying to pay off a loan of some sort, or saving for your kids college- but please feel free to join me on this journey. I'll be updating you monthly on our budget, our debt, etc. It is way outside of my comfort zone to put it out there- but I think I'll be more accountable to you guys and also maybe someone will find some encouragement through this blog.
Follow along guys! It's going to be a journey for sure around the homestead!