We just got our Property Tax Bill. The way our Property tax works, is it is split into two payments. One is due in July and the second is due in September. Usually we would scramble to gather up the money for the first payment and had two months to save up for the second payment. This bill would cause an emergency in our finances. In the past we had some years where we barely came up with the money for the taxes.
But not this year. We are on the Dave Ramsey plan! We have been saving every month since January for our property taxes. At the end of May we had $1500 saved up. When we got the tax bill this week, it totaled $1527. So with the money we budgeted this month we have enough to pay it all at once. So I did.
We had a 6 month period to save for our property taxes, but now we have a 12 month period to save for next years. So the amount we save will be cut in half and it will free up some money in our budget. That is always a good thing.
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My families journey down the road of becoming debt free and finanicially sound.
Baby Step 3 Status
$10,000 emergency fund goal
Paused Baby Step 3 at $2500.00
Paused Baby Step 3 at $2500.00
Baby Step 2 Status
Started Total our Total Money Makeover on January 1st, 2010 with $49,705.46 in debt, not including our mortgage.
April 13th, 2012 we paid off the last of these debts. It took us 28 months and 13 days.
April 13th, 2012 we paid off the last of these debts. It took us 28 months and 13 days.
The Road to financial peace.
This is a record of our journey in finding financial peace. We are using the baby steps in Dave Ramsey's - Total money makeover, book. We will be trying to follow his plan as close as we can. We hope to have an end result where we have no debt, have a large emergency fund, are saving for buy everything, are saving for our kids college, and are building wealth for retirement.
When we started this plan on January 1, 2010. I was 32 years old and my wife was 31. We had been married for 4 years. We knew this plan would take a few years before we were on the last step in the baby step process. But we are dedicated not to give up.
This blog is to help us keep on track, and keep us focused on our goal.
When we started this plan on January 1, 2010. I was 32 years old and my wife was 31. We had been married for 4 years. We knew this plan would take a few years before we were on the last step in the baby step process. But we are dedicated not to give up.
This blog is to help us keep on track, and keep us focused on our goal.