As we have been going down the road to financial peace. We have been slowly increasing the amount of money in our normal checking account. Most of our bills come at the beginning of the month, we only have a couple that are toward the end. So when the month starts we need a lot of money to throw at bills. A couple months ago we got our account to where it starts the beginning of the month with $2,000.
This month we still haven't got paid yet, but all our bills are paid. We built the account up so we would have enough to pay most of the bills we have in a month. It is such a wonderful feeling, to pay the bills and know we have the money to pay them. We don't have to worry about, what weeks we get paid, and paying just a few bills, and waiting for the next paycheck to pay more bills. We start out the month and pay all the bills we can find. This is my mind is like having financial peace. Not having to worry having the money for the bills. Maybe it like having a larger emergency fund. Whatever you want to call it, it gives me a little less to worry about.
Also and the end of the month, whatever we have in our account over $2,000, we pay extra on debt. Our system is working out pretty good.
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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.