Oh. my. gosh.
Y’all, it feels SO GOOD to be able to start blogging about my Debt Repayment journey again. It’s been a huge theme in my life for the past 2 years, and as we’ve been cash flowing our wedding, aggressively paying off my debt has been on the back burner.
and now I AM MARRIED (omg what) and it’s time to get going on
my our debt snowball. There is a LOT that has changed since I first started my journey to get out of debt. I’ve become an avid listener of Dave Ramsey, I’ve spent a lot of time talking about finances with people, and more than ever before I can see the Financial Freedom Finish Line way off in the distance.
There is a LOT that has changed since my very last debt repayment post. I now work for myself. It is crazy and scary but so good. I’m now part of my own family unit. Justen and I both moved out of our parents homes into our own apartment.
Right now I’m going to start with two things: the numbers and the WHY. First, the WHY.
WHY are we making a plan to get out of debt? It’s easy to wander into debt, it’s impossible to wander out. I want to be financially free. One day, I want to own a paid-for house so that we can sleep easier at night because our living arrangements are secure and paid for. Eventually, I want to be millionaires. Not because I want a lot of money, but because I want to work hard and live on less than we make and be in a place to be outrageously generous.
The numbers. They’re a little different than before, because now Justen is a part of this as well. We cash flowed our wedding !!!!!! but we did end up with some balances on our credit cards because of hotels, rental cars, etc. The numbers are all smallish, but still too big for me. They’re listed smallest to largest in true debt snowball fashion.
Debt Repayment 2.0 – November 1, 2017
Disney card: $984.24
Southwest Card: $1,012.89
Justen’s Car: $6,533.46
Stephanie’s Car: $14,820
Total Debt: $23,766.98
That’s it. That’s the snowball. That’s what we need to plow through before we can start saving money to buy a house. Justen and I are figuring out the whole budgeting thing, but as we start to get our feet underneath us I’ll share more details about the money and how we’re snowballing and what that looks like. For now I’m just SO EXCITED to start throwing all the dollars at this debt and getting our head above water.
Yes! I love the positive tone of this entire post! I’m still trying to figure out all the logistics of budgeting with my current income and paying off debt but also want to start sharing more details about that – especially the debt repayment and shopping – as a means of holding myself accountable. I just finished 9 years of post-secondary (5 of which I had loans for) and I’m being blown away by the reality of post-grad life. Being a broke student has nothing on being a broke recent grad… But your repayment posts are always so inspiring so I look forward to gaining motivation from them and I wish you all the best on this adventure (and of course your marriage!).
Girl you should start listening to dave ramsey! there are SO MANY PEOPLE struggling to get their feet underneath them as they transition out of school with debts. My friend brittany (wheremysoulbelongs.com) has been blogging about getting out of $100,000+ of student loans, she’s a huge motivation you should check her out 🙂
Good luck to you! Keep up this enthusiasm throughout your debt repayment journey and you’ll get it paid off in no time!
THANKS!!! that’s what i’m hoping! hoping to start of really realistic and let the fire burn bigger instead of thinking we can do more than we have motivation for right now lol 🙂
Yay!!!! Paying off debt as a team is soooo great!!!!
yeah it’s great to have someone on my team!!! it’s one of the things i’ve been the most excited about doing on this side of the wedding haha 😀