Thursday, July 10, 2008

Getting Closer!

Time for an update on our Total Money Makeover! As I've mentioned before, we are currently working on Baby Step 2 of Dave Ramsey's plan for financial freedom. June was another good month for our debt snowball. With the extra money saved from Ashleigh not being in preschool, we were able to make another sizable dent in our van loan. So much so, that if all goes according to plan, we will have the van paid off by the end of July! And if paying off the van wasn't exciting enough, July is an extra paycheck month for me. So not only could we finish up the van, but we would also be able to put a pretty good dent in our next and last debt - our HELOC.

Of course anytime you make progress, there's always something that pops up needing $$$ attention. We thought we were going to have a pretty pricey tire replacement bill for Dave's car. But luckily, a $20 patch was able to fix the leak in the rear tire. Then I had to make a visit to urgent care since I couldn't get an appointment with our doctor for a sinus infection. Since the urgent care didn't take insurance, I had to pay for the visit out of pocket. And when they called in my prescriptions, the doctor ordered name brand only. Thank goodness for our emergency fund. We were able to pay cash for everything and quickly refilled our emergency fund back up with that week's pay!


Nancy M. said...

It's so great that you were able to pay for those expenses with cash. I need to figure out how to save up some money myself. I just don't seem to have enough coming in.

Karin said...

Congratulations on your June progress. You must feel great about being so close to paying off that van. Best of luck!