Well, it's almost July.
Just crazy, in my opinion. The way that time flies when you grow up. Must be all that "adulting".
ANYway, I thought this morning I might share a bit of our financial journey and how some of it has changed through the house-selling and house-purchasing process.
We started practicing Dave Ramsey's financial principles about five years ago pretty heavily. We read the book "The Total Money Makeover" and it really inspired us to make better financial decisions.
At that time, we had no credit card debt, but we did have a mortgage, two car payments, tons of medical bills, and the dreaded student loans.
We started to pay things off with a vengeance, using Dave's debt snowball method. This is where you line all of your debts up, smallest to largest balance, and start attacking the smallest debt with any extra cash that comes in.
We made good progress, until baby #3 was born. Miss Mattie's birth brought more medical bills and since I was unable to schedule photography sessions for that first six weeks, we really struggled.
Soooooo...we have been climbing back out of debt over the last few years.
Last year, we made the decision to sell our loaded Yukon and buy an '04 Bonneville.
The girls and I named the car "Dave" as a reminder that every time we are crunched into this car, we are sacrificing by not having that huge payment and putting that money on debt instead.
And then...the Yukon didn't sell. And then...it needed tires. And a tune-up. So we did those things.
And it's still sitting in my driveway.
A few days ago, Dave started making a funny noise.
And the transmission started slipping.
And I couldn't even get up to 50 mph on the highway.
So Dave is in the driveway now and we are driving the Yukon...who I've kindly named "Ramsey". When I fired it up yesterday to run the girls to town, we realized that the air conditioning isn't working in Ramsey. Naturally.
We have been paying on our house for almost eleven years now. We have paid the mortgage down quite a bit.
When we sell, we hope we will be able to pay off Ramsey, pay off that measley credit card, and put the down payment on the new house.
And then, we are back to gazelle intensity.
Our goal is to have everything, including the farmhouse and student loans, paid off in ten years or less.
As Dave says, we are "sick and tired of being sick and tired."
I can't wait to share our financial freedom story with you as it unfolds! It's coming!
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