Well April is over, and it was the highest income month of all. Mostly due to annual bonus and selling my Harley. Our expenses weren't as bad as we thought they'd be. The SUV repair and my son's braces were both less than we expected. Thank god!
We also had my wife's and my son's birthdays. But with our "Gift" Envelope (for birthdays and Christmas) we had more than enough money for both their birthday presents. Two birthdays in the same month, and it wasn't an emergency. All of this saving has really lowered the stress in our household. Just having the money when we need it has given me financial peace.
Overall, for the month of April, we did a lot of saving and paying off debt. We were able to save back a large amount of money for home improvement and future car repairs. We also paid an extra $3936.27 on our debt, and our first debt was paid off. This was definitely our best month yet.
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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.
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