Thursday, October 25, 2018

October Financial update- lets talk numbers

It's been a while since I've posted about our debt free journey. You can read about the mountains of debt we have here and here. 

So you may recall that at the beginning of this year we started really trying to get out of debt and pay off our debt aggressively. I'm not exactly sure what happened with that. The first few months went well! Like really well. But then around April we started to slip. I say we, but really it's mostly me, which is another hard pill to swallow. My husband has a debit card, but really only uses it for gas. He does not spend money for anything for himself really. It's mainly going over on our grocery budget, going out to eat, fun stuff like movies for the kids, clothes that we probably don't have to have etc. So we started to kind of started a slow decline of not paying as much as I had hoped on our debt. So the good news- NO NEW DEBT.

That's a start right?

So actually from January 1st until today we have paid off $6,580 which brings our non mortgage debt to $144798.

While my husband has been " on board" with debt payoff I think he kind of just left it to me and did whatever. I pay the bills, I pay for groceries, I pay for the kids stuff etc. So he just kind of didn't know. But we had a long talk and I told him that I really needed more support in this. I needed him to be a cheerleader and be much more present in our budget, our finances etc. He is more than willing- I think I've just never really expressed to him my desire for his help.

So that's where we are. We haven't gone up, but not as much progress as we have hoped.

I really want all of debt paid off by the time I turn 40. I turned 36 last month, so we have about 47 months to work with. Sigh.

How are you all doing on your financial goals? Are you saving for a rainy day? Trying to pay off debt? Have a saving goal for a vacation a car? I would love to hear how it's going for you all!

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