Dennis and I started this journey 14 months ago. We weren't sure how it was going to go. We were making great progress until January of this year when we added a significant amount of medical bills to the mix. So, now we are doing Dave Ramsey for both medical and credit card debt. 2 separate snowballs. We are hoping to have the medical paid off by the end of the year. The cool thing is we have paid off over $20,000 in debt in the last year. It is awesome to see it shrinking. Keeps us motivated.
Date: 4/21/2012 (Update from February 2011)
Need #1: We have too much debt - medical and; credit card (but getting less and less every month)
Short-term Goal #1: We will be debt free by 6/2014
Action Steps Completed:
1. We will have $1,000 in an emergency fund
a. We will put $150 into the fund every payday until we have $1,000 (We have over $1,000)
2. We will add $150 to minimum payment on CC #1 until paid off (We are on card #3)
3. We will take our lunch to work every day
4. We will only go out to eat on payday and then only drink water with our meal. (Doing pretty good with this one. Always drink water. Some months something comes up that causes us to eat out more often tho)
5. We will have a garage sale as soon as the weather is nicer (Had one)
6. We will brainstorm ways to make extra money, and do them (Dennis is working overtime - what a blessing)
Action Steps to be Completed:
1. I will cook budget meals 2 nights a week and blog about them
2. I will explore ways to save money and blog about them
3. We will use debt snowball for medical as well as credit cards
Additional Action Steps Needed:
1. I will read at least 2 books on ways to save money in the next 6 months.(before 10/20/2012)
2. ___________________________________________________
3. ___________________________________________________
4. ___________________________________________________
Until Next Time - Here's to Snowballing,
Charyl
No comments:
Post a Comment