Here at The Door, we need to get out financial house in a little better order. We’ve gone through a lot of ups and down, paying attention and not, spending and scroogery when it comes to our finances. We’ve even gotten to the point were we could call the Dave Ramsey Show and scream WEEEEEEEEEE’REEEEEE DEEEEEEBT FREEEEEEE! After kicking it for a while and starting to save up a pretty good nest egg, we had our first child and got complacent. Now we find ourselves in credit card debt and having car payments. This is just really unacceptable and we are starting to get re-focused so we can try to get to some of our goals and maybe send our child to college in 16 years! Here’s what we are going to do.
We’ve started using my Debt Snowball Spreadsheet again. This is a spreadsheet I wrote when we were initially working to get out of debt and used it to track our snowball. Fortunately, this time we’ve only got 2 entries in the chart this time. It still extends over a period of over a year because of the car payment, but it seems better just because there’s only 2. The pile of snow we have available to us is smaller this time around as well. Once we had our child, the Woman on the Door stopped working for a while before finally deciding to return part time.
We’re taking a closer look at our budget right now too. We see a lot of areas that we can work on to try to save some money and the one that sticks out the most is the cable. I don’t know why it seems like it would be such a hardship, but I just can’t seem to make the call. I know there are alternatives out there – namely Hulu and Boxee — I just haven’t tried any of them yet. Maybe I’ll move that up my priority list and get this cable cut and get some money back into our pockets.
We did just upgrade to iPhones and that first bill came recently. That hurt — expecially with the partial month payment we had to make up. Next month will be better I’m sure, but I really need to ask my bosses if they will cover my data plan. I guess I do still have a couple of days left to decide if I really want to keep it, but I’m pretty sure it’s mine at this point.
One Comment
Good luck with kicking the debt’s butt again!!