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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
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    • All Posts
    • Our Little House
    • Debt Free Living
    • Homeschool
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    • Download Our Floorplan
    • Financial Peace University
Baby Step #2 Update
October 5, 2010

It’s the beginning of October & I am Excited to update you all on our Baby Step #2!

I’m a very visual person so I made a sign to go on our fridge. It will help me stay motivated & on the right track. Look how much progress we’ve made THIS MONTH!!   BYE BYE COUCH PAYMENT, BYE BYE CREDIT CARD PAYMENT!

Here’s what we did: We had our minimum payments of $150 for Student Loans & $200 for the couch. We added up that, along with $156.82 that Jared had leftover in his account from before. Remember, it’s not a good thing to have $ left over because then it’s unaccounted for & easy for you to just blow that money. Every dollar should be accounted for! It takes a few months to get that right, which is why we had some left over… so it’s going straight to paying off our debt! We also had:
$50 rebate from BB&B from Christmastime! (We had a problem getting our rebate but you better believe I stayed on them!)
$35 We sold a couple things in the IL’s garage sale
$20 a zebra toy that I bought for Jaidan a while back for $20 & never used. Nothing gained, nothing lost.
$500 Yes, that is 5-0-0… Jared had some guns at his parents house that he sold (to his step dad) that he hasn’t even touched in years!
All of this added up to $1,111.82 to put towards our debt! What a GREAT start!!! I’m excited & motivated! Let’s see what we can do in November!!

Baby Step #1: $1,000.00

Baby Step #2:

PAIDOFFKohls(235.26)        $0
PAIDOFF
My CC($275.70) $0

PAIDOFF
Couch($1472.18) $0

PAIDOFF
Credit Card($4577.81) $0

-Hospital bill ($2000) $2000
-Student Loan #1($2625) $1,619.19
-Student Loan #2($2625) $2586.71
-Student Loan #3($4000) $3076.02
-Student Loan #4($4500) $4431.33
-Student Loan #5($4523.89) $4491.56
-Student Loan #6($5522.40) $5522.40

TOTAL DEBT: 32,357.24
REMAINING DEBT: 23,727.21

We have paid off $8,630.03 so far!!

Baby Step #3: 3-6 months expenses in savings

Baby Step #4: Invest 15% of household income into Roth IRAs & pretax retirement plans

Baby Step #5: College Funding

Baby Step #6: Pay off your home early

Baby Step #7: Build wealth & give

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Dave Ramsey  / Financial Peace University

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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