Well, we changed our minds. We’ve decided not to sell the house… yet. We ran some more long-term numbers and realized every time we move, we end up taking a financial hit. There are some uncertainties hanging about at the moment and we feel it would be foolish to sell… then rent… then buy (on the high end of the market)… and then potentially need to move again.
So, since we don’t have peace about selling, we’re going to wait. We’re mentally shifting gears back to grinding this thing out one month at a time. This also means I had to rework the budget a bit. We’ve had some things creep back in… like a whole lot of eating out… and so we did a bit of surgery on it.
Our “baby” emergency fund is currently: $1,002.98
Starting Debt Amount: $53,285.44
(original projected payoff – December 2019)
September 2016: $52,035.26 (-$1,250.18)
October 2016: $50,243.99 (-$1,791.27)
November 2016: $47,627.15 (-$2,616.84)
December 2016: $45,352.38 (-$2,274.77)
January 2017: $43,814.66 (-$1,536.52)
February 2017: $36,084.65 (-$7,730.01)
March 2017: $34,056.58 (-$2,028.07) – projected payoff at this point was – Feb 2019
During the chaos the debt increased: $62,211.73 (+$28,155.15)
December 2017: $47,172.13 (-$15,039.60) – projected payoff was – Mar 2020
January 2018: $45,587.13 (-$1,639.05)
February 2018: $43,923.86 (-$1,663.27)
March 2018: $42,065.84 (-$1,858.02)
April 2018: $40,260.60 (-$1,805.24)*
*Current projected payoff – Jan 2020
Speed Bumps Encountered
- Grocery/Dining Out Budget – UGH!! Totally out of control again this month. It was really bad. Several of us were sick throughout the month and we did a whole lot of take-out and convenience/comfort food. I ended up having to take the money from other parts of the budget to cover the overage. Makes me want to throw up when I see that number. So, about a week ago, we instated a NO RESTAURANTS boundary. – $1,021.62
Things We’re Thankful For
- Our Home – I spent the better part of the last year hating our house because of all the turmoil over the flooding, but the Lord is teaching me to be thankful for what I have… and dare I say, I actually like my house again.
Increase giving by another 3%– done! (began in February) Build our initial 2018 budget spreadsheets through August.– done!
- Switched over to EveryDollar Plus in February.
- Have monthly budget meetings with husband. – 4/12 done
- Will set an appointment for these each month.
- Reduce the debt using the debt snowball by $22,226.62
- Current (-6,965.58) – on target
- Will accomplish this with
bi-weekl ymonthly zero-budgeting.
- Cash flow college expenses for two kids. – Had the final college tuition/board payments for this school year – paid cash – Praise the Lord!
That was April… on to the next billing cycle.