My husband and I are currently on our PAID FOR IN CASH vacation!!! Not that we've ever gone on vacation with a credit card before (or gone on vacation at all for that matter), but I just know this is so much nicer than getting a giant bill next month for all our vacation expenditures. :)
Somehow, by the grace of God, we were able to stash away another $1000 into our savings last month. I honestly have no idea how, because we have nowhere near that amount of extra income every month but....somehow, the Lord made it happen for us. It is so refreshing to finally be debt-free and significantly building our savings so that, in the event of an emergency, job loss, or other financial catastrophe...we would not be feeling hopeless and wondering what to do next.
I also (FINALLY) canceled our credit card last month. I've been meaning to do that for, like....ohh, at least 2 years, and I just finally got around to it. But it feels nice to know that I don't have to keep track of where that card is in our filing cabinet anymore. :) I admit I was kind of disappointed when the woman didn't argue with me to try to keep the card for an emergency. I was really looking forward to explaining to her how we've learned that an EMERGENCY is the absolute WORST time to use a credit card - the one time I can be certain I can't pay it off the next month. But she didn't even press me one bit about it. She simply complied and canceled the card.
....But I guess I'll be okay.
Alright, so on to the good stuff. (The good stuff being: the stuff you don't care about but I that I like to type up anyway because it encourages me to keep on keeping on; keeps me accountable to, um...myself; and gives me another blog post.)
;)
So here's a quick update for the month of May:
Goal #1: Save up and pay CASH for our 5-day vacation to Mackinac Island in June! :) ---- 100% completed ----
Goal #2: Fully fund our 6 month emergency fund and put into a money market account to be left UNTOUCHED unless there is an actual emergency. ---- 40.5% completed ----
Goal #3: Save for my husband to get a "new" (that means used) car.
Goal #4: Raise retirement contributions to 12% (with a 4% match).
Goal #5: Open a money market account for each of our children.
Goal #6: Begin paying extra principal on our mortgage.
Goal #7: Establish a will and testament. ---- Still thinking about working on this... ----
Goal #8: Get disability insurance for both my husband and me. ---- We're in the process of finalizing this for my husband. Who would have thought they don't even offer disability for SAHMs? ----
How are you all doing with your finances, budgeting, etc.? I know nobody will answer this question because it's just FAR too personal, but it seems polite of me to ask. :)
2 comments:
I know, I called about disability insurance as well, and found out the same thing. Apparently you have to have a job or something to get disability insurance. It would cost our husband's significantly to provide child care, meals and house cleaning if SAHM were disabled and weren't able to do any of that.
I have no problems answering about my finances :) I'm an open book! We're hoping to be debt free but the house in July. So far, it looks like it's going to work out but we just had a $550 car repair and my husband's bonus wasn't as much as we were hoping for. We've been doing Dave Ramsey for 2 years and I'm SICKKKKK of all the extra money going to my school loan! I'm becoming discouraged even being so close! So, that's that :) Not too much longer!
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