Are we there yet?

This update is long overdue, but here goes…

Jan 2011 – July 2011

  • CC1:   14,350        13,250   
  • CC2:   6,325             5,800
  • CC3:   1,025                 950
  • CC4:   4,910             4,650
  • CC5:   390                          0
  • CC6:   485                          0
  • CC7:   515                          0
  • CC8:   520                       90
  • CC9:   5,225              5,225
  • CC10:   4,150           3,650
  • Total CC’s:   37,895          33,615
  • Family: 10,000                  7,000

So, drumroll please……….. we’ve paid off $7,280 since the beginning of the year! Get out of the way, HUGE snowball rolling downhill! LOVE seeing those ZERO balances!

Thanks to landing some nice contracts and a snowier than usual winter, we have been able to knock down a large chunk of debt. We are also CURRENT on all of our monthly bills, including the mortgage. A small emergency fund is in place for both personal bills and business bills. Ahhhhhhhhhhhhhhhhhh…… What a wonderful feeling.

The physical aspects of unloading such a burden are positive as well. I’ve been able to shed 15 lbs since March. My periods (I know, TMI) are pretty regular now. I LAUGH again. I have friends again. I have a good time whenever we go out with friends/family.

Work has improved for me as well. I’m back up to 40 hrs/week plus a $1.25/hr raise. That really helps get caught up. I’ve been throwing extra money each month at the vehicle payments trying to pay them off sooner.

Did I mention we took a VACATION in march? It was hubby’s idea. Surprise of all surprises. Of course, i wanted to pay off as much debt as possible, and maybe stash some aside for the inevitable unexpected expenses. Hubby convinced me that we NEEDED a vacation. It had been more than 5 yrs since we spent any money on ourselves, and we needed to enjoy the fruits of our labor and not be miserly. It took several days to sink in, but he was right. As long as we didn’t accrue any additional debt, and were still able to keep on pace with paying down our debts we needed to spend our money in a positive way and see money as a good thing, and not as evil incarnate. Besides, our 10th anniversary was coming up and he thought we should do something more special than spend a weekend a few hours from home in a so-so hotel in some lame town, arguing about what to do.

So we went on a cruise. Neither one of us had ever been on one before. He found a great deal through his parent’s travel agent. We spent 5 days in the caribbean. It was awesome. We had a BLAST. In fact, we had so much fun, that we decided to work extra hard and save money and do it again next spring. Who would have ever thought? That $1500 splurge allowed us to really RELAX and re-align our senses. It was good for our marriage. Honestly, i didn’t know what to expect. I worried that it could go the other way. It was a good deal, but still a lot of money in what -i felt- was still a fragile personal economy and we hadn’t spent that much time alone together since we’d been married. It paid off ten-fold. He’s still telling everyone what a great time he had and recommending them to go.

So, are we there yet? Have we made enough progress to call it a victory? I mean, everybody has bills, right? Just 6 months ago, my only financial goal was to be able to pay the bills on time every month. We’ve accomplished that. And it feels great. But, it only seems natural to set the bar a little higher.

Discretionary income. It’s one thing to be able to pay your bills, it’s another to MAKE CHOICES on how you spend the money left over when the bills are paid. That concept terrifies me. What if something happens and I need that money later? Was a trip to the movies this weekend really worth it if the electric is in danger of getting shut off again in 6 months? What if an appliance suddenly dies and my small e-fund is wiped out? And then another appliance dies, or the car needs to be repaired? I never thought about these things before because i just couldn’t. I was strictly in survival mode. Food, shelter, clothing. Now that those needs have been met, there’s a whole new set of things to worry about.

So, are we there yet? Or when are we really “there”?