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|
|My CC||$275.70||$0||April 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|
TOTAL DEBT: $32,357.24
|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!