February is coming to a close. I know this month is shorter than all the others but it really does seem significantly so this year. Perhaps it’s because we are barreling toward a deadline for listing our house on the market and have far more tasks than time.
Our “baby” emergency fund is currently: $1,002.90
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)*
*Current projected payoff (without selling the house) – Feb 2020
Speed Bumps Encountered
- EveryDollar – I’ve already written about Making the Switch to EveryDollar. This was not an expense we originally planned for, but it has been added to the budget from here on out. – $99
Things We’re Thankful For
- Paid off Vehicles! – We finally paid off our little car!
- Family – Two deaths in the family this month – hug the ones you love, often.
- EveryDollar Plus – Have I mentioned that I’m so thankful for this tool? Yeah, I have.
- Magical Tidying – Really glad we were told about Marie Kondo’s book, it is changing my life.
- .99/sq foot Tile – We found a decent tile for a lot less than we thought we’d have to pay. Plus, we were able to reuse some of the tile we removed from a back splash.
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. – 2/12 done
- Will set an appointment for these each month.
- Reduce the debt using the debt snowball and current payments (ave. reduction of $1,200/mo) – on target
- Time: till house sells (see below)
- Will accomplish this with
bi-weekl ymonthly zero-budgeting.
- Time: By August
- List house on the market by June.
- Purge stuff from every corner of the house – Switched to KonMari Method, currently on Category 4.
- Sell and donate as much of our stuff as we can – in process.
- Cash flow repairs and home preparations – Budget is set, in process.
- Find a smaller place and pay cash to replace furniture.
- Pay off remaining debt, fully fund emergency fund, and invest 15% in retirement accounts
- Time: @ closing – hoping to reach baby step #4 no later than August
- Getting to baby step #4 is more important to us than whether we rent or buy for our next dwelling.
- Cash flow college expenses for two kids. – Payments were due again this month: Paid cash!
- Rework budget and set new goals once we move – update this list as we go!
Well, that was February… on to the next billing cycle.