Month 3 of Our Journey to Become Debt Free: March 2013

Standard

This is the fourth post in the Our Journey to Becoming Debt Free series. To read more of them, please visit this page

 

Let me start by saying that I am absolutely loving the feedback I am getting on this Our Journey to Becoming Debt Free series. It is great to think that I am inspiring someone else to tackle their own debt to better their life. I know several of you have even started using You Need A Budget. (If you use my referral link here, you’ll save $6!)

Like Dave Ramsey says, if we’ll live like no one else now, later we’ll live like no one else.

We’re a little bummed right now about our debt payoff though, to be honest. As I mentioned Monday, Lucas had an overnight hospital stay this past weekend. Obviously, I know that it was necessary.. but I feel so defeated. Who knows how many months the bill will add to our journey!  I just need to remember to be thankful that Clint has a job that provides such a great insurance plan. Help me remember that when I get the bill, please?

So, let’s talk about March. Here’s what we looked like at the end of February:

Total Debt Month Ending February 2013 Clint gets paid bi-weekly, so twice a year he gets 3 paychecks for me to budget towards one month, instead of the usual 2. March was one of those months for us which meant a nice Snowball.

I hit just a little bit under my $440 grocery budget in March, coming in at $438.42. Go me!

We used the rest of the tax refunds and some of the Snowball and made a $500.00 payment on the Chase. I also finally went to the doctor to have some stomach issues I’ve had going on for around 3 years looked into, so we had an extra $175 in co-pays.

After all of that, we still had another $515.74 to Snowball. But I’ll admit it, I was scared. The idea of throwing every extra penny to debt is hard for someone who has always tried to save, which is silly because what’s the point in building a savings account while you’re building debt on the other side of your finances.  But I was scared, so I held onto that $515.74 into the next month. Don’t worry though! We reaffirmed our plan in April and used every bit of it. Come back next week to read about that.

Do you have a “savings” and debt? Why not just put that savings onto your debt? What do you think about the concept?

 

This post contains affiliate links. 
 
Linked up:

Advertisements

3 thoughts on “Month 3 of Our Journey to Become Debt Free: March 2013

  1. I know how you feel about being afraid to let go of money you’ve saved to put it toward debt. It’s so hard!! We had started saving for a house before we changed our focus and decided to tackle the debt hardcore. What felt like so much money in our house-savings progress, barely made a dent in the debt (and there’s no changing your mind and getting it back)! I’m glad to hear that you used the money for your debt in April 🙂

    Like

  2. Looks like you were still going strong! I hate accruing credit card debt, but sometimes it’s inevitable. On the bright side, we will be car note free within a couple weeks!

    Like

    • Sara Herrin

      Yes, it is inevitable sometimes. While I hate putting money on them, I am grateful we have them available and don’t have to do a personal loan anytime we need money we don’t have.

      I’m so jealous of your no car note Leslie!!!

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s