A little over a year ago, we decided to take the plunge and buy an older car and sell our loaded Yukon to get out of debt faster.
We found a 2004 Bonneville at our local car lot and named him “Dave”.
Dave was great.
He was a one-owner vehicle that had mainly been driven on the highway back and forth to the city each day.
He had leather seats and enough room in the backseat that the girls wouldn’t be completely squished when we drove anywhere.
We were giving up heated seats that worked, a DVD player, and lots more room in the name of better gas mileage and debt-reduction.
The Yukon didn’t sell right away, so it sat in our driveway for a few weeks.
This was just enough time for us to realize that Dave had some problems.
When I was driving to work, about the time I hit 60 mph, Dave would start shaking uncontrollably. To fix this problem, I drove 59 for a few weeks. By that time, we were able to afford a few new tires and that seemed to help.
A week or two after that, Dave started having some transmission issues. So we took him to the mechanic’s shop.
Thank goodness we still had the Yukon.
By this time, it was almost comical that we had two vehicles to care for and no less debt than we started with. So as sort of a joke, I named the Yukon “Ramsey”.
We got Dave up and running again, $421 later.
So I listed Ramsey for sale again on Facebook.
I didn’t drive Ramsey for a few weeks, until I needed it to haul a piece of furniture out to the new house.
I started Ramsey’s engine in late June, and realized that something was wrong with his air-conditioning.
So I took down the “for sale” listing and we made an appointment to have the air conditioning fixed.
The AC just needed a charge. Only $125.
After getting that taken care of and using Ramsey to haul things out to the farmhouse when we moved, Mr. Farmhouse and I decided it was time to tell Ramsey goodbye forever and start driving Dave full time.
By the time school started, I had been driving Dave again for a few weeks.
We were going to take Ramsey to CarMax and get rid of him once and for all over one weekend in late-August.
That Friday, Dave started making a funny noise on the way to school. The RPMs would fly up and I started to feel a catch when I tried to accelerated.
It got worse and worse.
So back to the shop with Dave.
We put the sale of Ramsey on hold...again.
I got used to driving Ramsey again. The girls got used to having the DVD player again. I got used to the heated seats when my lower back was bothering me at the beginning of the school year.
And then one morning, I pushed the button to open the back hatch and it didn't work.
Come on, Ramsey!
Sure enough, something was wrong in the power lift gate and we needed to take it in to the shop to get it fixed.
But Dave was in the shop.
So we would just live with it.
At this point, we have figured out that Dave is probably not worth the money we paid for him and the Ramsey is probably not going to get sold either.
We'll just cut our losses, use the debt snowball to pay Ramsey off soon, and drive them both until they physically die.
Last weekend, the girls had a few friends in Ramsey with us as we drove to a volleyball tournament.
Now that we live on gravel, neither vehicle is ever clean.
I pushed the button to spray windshield washer fluid on the back glass and the two girls in the third row seat started saying, "What is that? Something is dripping! I'm getting wet!"
Sure enough...somehow the windshield wiper fluid was spraying into the backseat.
I made a mental note to have Mr. Farmhouse check that little situation out after church the next day.
Several minutes later, I accidentally hit that button again as we were driving down the road.
But no water this time.
Instead, I heard the familiar click and warning sound that the back hatch was opening.
The windshield wiper fluid button had made the power lift gate unlatch.
I admit, I laughed.
What else do you do?
So it seems Dave and Ramsey will both be in the Newkirk family 'til death do us part.
Over the last several years, we have tried to dig ourselves out of debt.
Last year, we bought a 2004 Bonneville (named Dave) and planned to sell our loaded GMC Yukon.
The Yukon didn't sell right away.
Then the Bonneville started having some issues and a few times over the last year, I've had to resort to driving the Yukon again. We have now named the Yukon "Ramsey".
"Dave" was out of commission for a little while...needing some work that ended up costing us just shy of $500.
"Ramsey" needed some work on the air conditioner.
As in, we had no AC. During the hottest three weeks of summer.
We were driving the loaded Yukon with the windows down, on gravel...sweating our behinds off, trying to wait to get the air conditioning fixed until we closed on the house.
Eventually, we bit the bullet and got it fixed.
Just in time for us to start driving "Dave" again.
ANYway, I thought it might be a time for a little update on the ol' debt snowball.
We have had to make LOTS of changes and additions and deletions from the snowball over the last year, with changes to our income and our expenses.
With the sale of the old house finally going through last week, I was able to do some extra work on the budget and get the snowball set back up with all of our new information in there.
When we decided to buy the farmhouse instead of buying land and building, the debt snowball began to roll much more quickly!
As of right now, with NO extra payments, except the snowball we have already started, we'll be debt-free, including the house in eight years.
Even if we stick to this exact plan and don't pay any extra on the snowball, Harlee will be barely graduated from high school and we will be debt-free.
I'm telling you...the snowball works.
With some planning and self-control, you too could be debt-free.
If you're interested in hearing more about how the Newkirks "tell our money where to go", keep an eye on the blog in the next few weeks.