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Living...

cadberry

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So we've closed the BS2 chapter.  BS3 is done, too, thanks to the inheritance from DH's father.  BS4 - made the changes this week to bump up my retirement contributions to 15%.  BS5 - well, both our sons will be done soon - one later this year and one next spring.  Between prepaid college and their scholarships and part-time job earnings, it's covered (with a little help to DS-away as he's finishing).  Our mortgage has been paid for years.  So that brings us to BS7.  We're ready for you!

Dave always asks couples what the secret to getting out of debt is... I have to agree with all of those people who say Budgeting.  Before we started this journey, we had a vague sense of where our money was going, but once we started envelopes, tracking, spreadsheets, CASH, well, we can tell you now exactly where our money has gone - and where it will be going.  Just because we've paid off our debts doesn't mean we don't have sinking funds to fill.  And oh yeah, we'd like to take a small, PAID FOR UP FRONT, vacation this year.

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Yay!  Congratulations!!!!  WooHoo!!!

 ****Fireworks***  

***Confetti***  

***Cheers***

*Champange popping!!*

Well, IMHO there should be all those things anyway!

Congratulations!

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Congratulations, all the way from BS2 to BS7!!!!!!!! Must feel amazing :D.  The vacation sounds like a great way to celebrate.

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I completely agree with the opinion that budgeting is the key. Climbing out of debt doesn't happen by accident - it takes a solid plan and being accountable. Living on last month's income has been a tremendous help for me since both my dh an I have irregular incomes. 

Come on, vacation! You did it!

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Exactly!  It wasn’t until I created a budget on an Excel spreadsheet with columns for budget & actual for each month that we made real headway.  I could enter our expenditures every day and play with debt payments to see how quickly I could pay them off. (I put the debt totals at the bottom and linked them to the payments in the budget.)

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p.s.  last week we received a new, clear title to DH’s car from the DMV—just a couple weeks after paying off the balance 19 months early!

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That's awesome!

With fewer monthly expenses will you be putting more into retirement? Putting any more into charity?  It's so great to start really paying yourself.

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5 hours ago, namaste said:

That's awesome!

With fewer monthly expenses will you be putting more into retirement? Putting any more into charity?  It's so great to start really paying yourself.

Who are  you asking?

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