Month 8 of Our Journey to Become Debt Free: August 2013

Month 8 of Our Journey to Become Debt Free
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This is the 9th post in the Journey to Become Debt Free series, click here to see the others. This post may contain affiliate links.

We got back on track, for the most part, in August. After not making any extra Snowball payments in July, I was ready to pay some debt off! Especially if we planned to have the CR-V paid off by the New Year.

As a side note, I added 20 new listings for earrings this morning at Aqua Anchor Designs! You should go check them out!

earrings

But first of all, here are our monthly Snowball totals through July:

Monthly Snowball Totals through July

And here are our balances as of August:

Debt Payoff Totals as of August

Last month, I had budgeted an extra $350 for some dental work Clint and I were both having done. After both appointments, our total was $293.50. The excess was placed in other budget categories.

I’ll tell you about all the money we spent first. We upgraded our phones which cost us a pretty penny. I budgeted $320 and carried that over to September because that’s when the bill for it would be paid.

I also had a CD player put in the CR-V and I had the windows re-tinted on it. Trust me, it was necessary. It had a tape player and the radio got lousy reception, now I have a CD player that also gets lousy radio reception, but at least I can listen to a CD or Pandora or something. Oh, and the windows—they were bad! Imagine purplish blue peeling tint that you can’t really see through. Not a good thing for me, especially since I have a hard time driving at night. All of that money came from what was left of the $3,000 personal loan we got for the CR-V purchase though. After the CD player, window tint, tag, and use taxes we had $284.02 left.

I spent a lot of August preparing for Lucas’ 1st Birthday. We got him these Melissa & Doug toys for his birthday:

[amazon-product alink=”0000FF” bordercolor=”000000″ height=”240″]B004PBSUMU[/amazon-product][amazon-product alink=”0000FF” bordercolor=”000000″ height=”240″]B000GYWXR8[/amazon-product][amazon-product alink=”0000FF” bordercolor=”000000″ height=”240″]B000SONEQA[/amazon-product]

Since we were already buying from them, I went ahead and bought for Christmas too. This is some of what he’s getting for Christmas:

[amazon-product alink=”0000FF” bordercolor=”000000″ height=”240″]B000MX7WBU[/amazon-product][amazon-product alink=”0000FF” bordercolor=”000000″ height=”240″]B000U4CUHC[/amazon-product]

On those gift purchases, I went overbudget in our Gifts budget category by $59.18. He’s worth it! 😉

August is the month that I officially bought NotYourMainstreamMama.com and I paid for the web hosting, which ran be about $100. Luckily, we did pretty good on groceries this month coming under budget at $255.03.

The $284.02 left from the CR-V Loan (personal loan) and another $111.88 went towards the CR-V this month, in addition to the regular payment.

It seems like we’re starting to fizzle out here towards the second half of the year. It can be really difficult to keep your eye on the prize with such a slow process. I think that setting the short-term goal to have the CR-V paid off by the end of the year is the ticket to help us stay motivated to reach our long-term goal!

Are you working to pay off your debt? Are you setting short-term goals for yourself to stay motivated? I’d love to hear them!

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6 thoughts on “Month 8 of Our Journey to Become Debt Free: August 2013

  1. Dorinda

    Sara,

    We are working to pay off our debt too, and I too find that setting short term goals work the best. Where we are right now is left with 4 remaining debts, but unfortunately right now there are several things that are preventing us from paying off our debt. We are going to have a baby in about 3 months and so everything we would be applying towards debt is going towards savings and then hopefully after the baby comes we will have enough to put a new roof on our house and some in savings since I won’t be getting paid for any maternity time off. I hope after the baby to start paying our debt off again.

    Dorinda

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    • Sara Herrin

      Ya, you would be in storm cloud mode, according to Dave Ramsey. Which means save save save! At least you are striving to pay off debt though Dorinda! Think of how many people out there just leave it be and add to it, add to it, add to it. 😉

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  2. I think it’s easy to fizzle out with a lot of tough goals…it’s one of the reasons the gym is so crowded in January and then empty again in March. But it looks like you made some great progress by then. The next thing I want to know is what you will do once all of your debts are paid off!

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    • Sara Herrin

      Very true.. we’ll have some good months and bad months going forward, I know that. Especially right now, because I’ve been trying to get my Etsy store up and running and have handed out a lot of dough at various stores. When our debts are paid off… ahhh to dream. lol

      Like

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