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  • Home
  • About Us
    • Jaidan
      • Watch Jaidan Grow
      • Birth Story
      • Posts About Jaidan
    • Jonah
      • Birth Story
      • Posts About Jonah
    • Zoie
      • Birth Story
      • Posts about Zoie
  • Videos
  • Blog
    • All Posts
    • Our Little House
    • Debt Free Living
    • Homeschool
  • Resources
    • Download Our Floorplan
    • Financial Peace University
FPU: August Update
August 20, 2011

Oh my, it’s been a few weeks! Life has been BUSY! We celebrated Jaidan’s 2nd birthday on August 2nd and then his party with friends/family was on August 6th! Then my little 2 year old got a 2 day tummy bug (on daddy’s birthday) and shared it with me right after so I was in pain at home (for our 5 year anniversary!) The following week I had to work weird hours since I missed work from being sick & I’m now off for 2 WHOLE WEEKS from my foot surgery I had yesterday morning. Whew! So I will catch you up in the next post but right now it’s time for our FPU update!!

Who We Owe Total to Start Remaining Balance Month Paid Off
Kohls $235.26 $0 March 2010
My CC $275.70 $0 April 2010
Couch $1472.18 $0 October 2010
Credit Card $4577.81 $0 October 2010
Student Loan #1a $2625 $0 November 2010
Student Loan #1b $4000 $0 February 2010
Student Loan #2a $2625 $0 April 2010
Student Loan #2b $4500 $0 July 2010
Student Loan #2c $4523.89 $0 July 2010
Student Loan #3 $5522.40 $3020.26
Hospital $2000 $1980

 

TOTAL DEBT: $32,357.24

Remaining Debt:

Month Debt Remaining
$32,357.24
July $29,477.14
August $28,977.14
September $28,004.96
October $23,427.15
November $21,715.73
December $21,795.47
January $19,795.47
Februrary $18,319.75
March $16,599.54
April $15,573.71
May $15,060.16
June $14,055.88
July $6,664.67
August $5,000.26 (really!?!?! Darn daily interest!!)

 

Here’s how God has blessed us this month:
$548, our new debt snowball (I refer to this a lot so if you aren’t sure what I’m talking about click here.)

$18  in change
$70 side job
$100 extra from groceries
$100 gift for Jared’s birthday from his dad
$10 Jareds birthday money
$10 from envelopes
$1,000 extra from my paychecks

Totaling $1856 to debt this month
ALSO… I cash flowed my $1700 foot surgery! I couldn’t put it toward debt, but we didn’t go any deeper either. Sounds like the beginnings of financial peace, huh? 🙂 Amazing!

 

7 Baby Steps:

Baby Step #1: $1,000 emergency fund
Baby Step #2: Pay off all Debt (except the house) using the debt snowball
Baby Step #3: Fully funded emergency fund of 3-6 month expenses
Baby Step #4: Invest 15% of income to Roth IRA’s & pre-tax retirement
Baby Step #5: College funding for your children
Baby Step #6: Pay off your home early!
Baby Step #7: Build wealth & give!

To learn more about the baby steps & becoming financially secure visit here
To find a FPU class in your area visit here (When you find one, contact the church first because you may be able to get a discount)
I HIGHLY recommend the class if you want to succeed!


 

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Dave Ramsey  / Financial  / Financial Peace University  / Life  / Total Money Makeover

Rachel Latigo

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    I'm Rachel. In my 32 short years of life I've learned to never say never, go with the flow of life and to cherish every moment with the people I love. I'm all about learning... especially how I can be more faithful to God. We are currently in baby step 4, & 5 of FPU. I love photography, organizing, making photo books, homeschooling my kids & learning about natural living.
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