I am so happy to announce that we were able to put a whopping $ 4597 towards our debt in January.
It seemed almost like it came easy, although this is just that start. Budgeting this month was a challenge. Sometimes I feel like the bad guy, since I end up saying "it's not in the budget" all of the time. With both the boys and my husband. I say it so much in fact that my son asked if we were poor!
I explained to him that we are in fact not poor, but we own a lot of money and we want to pay it off. In order to do that we have to stick to the budget so that later, all of the money that we bring in will be ours, not to the bank.
I find it challenging to stick to the budget sometimes, almost like you get in the mood to spend... It's so easy to blow money quickly when you at the store, or hungry, or even just sad. I am trying really hard to keep the debt in the forefront of my mind so that I can make sure I keep my priorities on top.
We were able to pay off so much towards that debt this month because we sold my husband's truck. I feel bad since he loved that truck, but since we each also have a car, and our camping van. The truck was just sitting, not being used. IT made the most sense to sell the truck, the amount of cash it took to keep it filled with gas is double what either of the cars required.
For January, the daycare did not cash our check yet, and the motorbike insurance is due. This means we will be paying $1400 in daycare and $400 in insurance. Making this month a bit more tight... not so much towards debt, but if we stay in the red then we are winning!
What are your biggest expenses this month? Do you have unexpected things that you forgot about? What do you spend the most money on?
