February Debt Push

The broken key that I fixed this month for free...saved 50 dollars that the locksmith asked for!

January was an eye-opener regarding our debt.  My husband got on board full force this month and we are both working together to get rid of this debt.  In February, I hope to blog almost daily about all of our debt solutions.  This month, we worked so diligently to reduce our expenses and, man, it ALL worked!  I will blog more about those solutions in the coming days.  I will also blog a bit more about the kind of debt we have and our plan to do the Dave Ramsey (yes, we are one of those folks who are huge fans of his Total Money Makeover) debt free scream by the time we turn 40 (in 2021!).  Our debt is not the normal-size debt...it is a huge elephant - student loan debt for advanced degrees.

We accomplished a lot this month besides reducing our expenses.  We started selling off some of our stuff.  And God has been so gracious that, as we have placed some things on the Internet, those items have been selling.  It is so freeing and exciting.  It hasn't garnered us a huge net profit, but every cent is going towards that mountain.  The Bible tells us that if we have faith the size of a mustard seed, we can tell that mountain to move and it will!  Well we have some big faith, but some small mustard-seed sized funds to put towards that mountain.  Nevertheless, over time, that mountain will move! And that is what keeps me motivated.

I even found 27 cents while taking a walk today and my first thought was "how can I put this towards my debt?" When something like that is your first thought, that is when you know you are on fire for debt freedom!  Tonight we have our final budget meeting and will figure out where to put the extra money that we have this month.  All in all we will have reduced our debt by about $1,300 this month.  Not too shabby for the first month.  Every little bit is a huge help to us.

In February, we will continue to work on reducing expenses, delaying gratification and earning extra income in any (legal and moral!) way possible :)