This post is part of Our Journey to Become Debt Free series. To see the others, please click here.
Money, money, money! Let’s talk finances! Our finances have seen a lot of changes this year.
As you know from this post, I quit my full time job in January and started a part time one in February making around $800-$1000 less per month. And then.. you got no more updates about Our Journey to Become Debt Free. I would love to break down each individual month for you, but since that would several weeks, I’m just going to do it in 2 parts. 😉
If you’ll go back and read our Month 14 – February 2014 post, it may refresh your memory a little.
MONTH 15 – MARCH 2014: March is when the “part time” income really started to affect us. We only paid down $491 that month and $234 is our regularly budgeted amount- so really NOT MUCH. That brought the balance down to $6,765.27.
MONTH 16-18 – APRIL –JUNE 2014: With a little overspending and a little extra money being put aside for the next baby, we were only about to make the budgeted $234 payments on the Civic each month for these 3 months. In June, the balance was $6,109.84. Even so, we had paid off over $17,000 in 18 months at this point.
BUT in June, my Etsy shop Aqua Anchor Designs started to pick up and finally started showing a profit! At first, I was really scared to touch the money. I thought it was just a fluke and if I drained it, I’d be pulling from our personal budget the next month. Finally, Clint suggested that I should make a Baby Emergency Fund the shop, just in case I had a bad month or something, so we weren’t pulling money from our personal budget. I’d tell you a little more about that next week.
Things are about to get exciting… but I’ll get you updated from July to November in next week’s post. 😉
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