Monday, June 7, 2010
We've paid off a few more CC's, SOLD OUR CAR! Bought a paid-for minivan, and are on our way to becoming home owners.
DR says that you shouldn't buy a house until you have a FFEF, etc (I'll write out the list later), but we just feel like it's time. And thankfully, interest rates are low, we're going to be staying put for several years, and we qualify for a VA loan, so we don't need a down payment (I don't recommend going this route - but we really feel that it is the right time for us).
We're going to buy small - probably under $180k, and we will do a 15 year fixed, with a payment no greater than 25% of our take-home pay.
We can't wait! And debt freedom is just around the corner!!
Monday, January 4, 2010
I am writing to let everyone know that we are still on the bandwagon. Things are going slowly right now (thanks to our Thanksgiving trip to UT – which we paid for with cash we had been saving up – and Christmas gifts, which were also paid for in cash!)
So, since we’ve been using up all our cash on the holidays, we haven’t had much to snowball. January is going to be somewhat lean as well as we catch up after the holidays (not that we are behind, but we did put some savings goals on hold – such as car tags, car service, etc to save more money for Christmas so we could make sure we paid cash!).
We’re still budgeting, still using cash only (we’re getting better and better at NOT using the debit card… for ANYTHING).
We’re still feeling great about our financial future!
Thursday, October 15, 2009
We have paid off Debt #2 and HALF of Debt #3 – this debt snowball thing is rolling faster than we thought it would! Well, we have been blessed with a few nice snowflakes recently, but getting out of debt is FUN!!!
We have finally paid of the medical bills that have been lurking around in the closet since DS2 was born!! Holy cow! And the bill was never that big, anyway – we just kept paying on it because $34 a month was easier than paying $1300 in one chunk… yeah. You don’t have to tell me that is stupid math. I know. I have a degree in math. I also have a degree in D.U.M.B. Geez.
Well, that’s one down, about 8 more to go!! 8-o Next on the list, American Excess – which has been brought down from about $725 to around $325. It should be gone in about three paychecks.
We’re getting out of debt, baby!!