Tuesday, February 22, 2011

Eating an Elephant - Part 2

For years, my money has controlled me.  I have always wanted to open a children's resale/consignment boutique, but money (well, lack of) has derailed this dream.  It has also caused me to worry, have strife in my marriage and live what I feel like has been an existence of shame.  I have never known if my loan application, car financing, or credit card request would be denied and it made me feel worthless and out of control.

But, Tommy and I have begun to change!  Back in August I posted that we were beginning a budget and trying to get a plan together to work on our debt.  You can read that post here:  Eating an Elephant - Part 1.

I wanted to take the time to give a little update on our progress.

August 1, 2010 Total Debt
(excluding the house)

January 31, 2011 Total Debt
(excluding the house)

We have paid off $7,335.57 in only 7 months!
I am so proud of us!  Although we have had some setbacks (car repairs, house repairs, etc.), we have stayed on course and are beginning to see the fruits of all our hard work.  I'll keep you updated!  I can't wait for the day that I can scream that I am debt free!

FYI,  I have a budget spreadsheet that I am happy to share.  If you would like a copy, leave me a comment and I will pass it on.

1 comment:

  1. How fantastic that you are making that kind of progress on paying down your debt! Congress could learn from you! I just stopped by from SITS to say hello; hope you will find time to do the same.