When we began our journey to financial freedom….well….it is kind of like a diet, we never stick to it and instead of losing a lot of weight, we triple our weight.
Tis the life.
I believe, though we have broken that bitter cycle because we are seeing MASSIVE improvement in our finances.
Are we still living paycheck to paycheck? Yes.
Are we still doing a zero based budget? Yes.
Do we flub up and eat out because we spend most of 2 weeks in a nursing home, funeral home, ER, and hospital? That’d be a big ol yes.
I sat down today (it is payday) and I got out all our envelopes and my notepad ready stuff those biweekly envelopes and see how much money we have left to pay on our van.
Our van has a payoff of 3 yrs. It was a 5 yr loan. We have been paying on it for 2 yrs. The minimum….cause that’s what you do when you buy a lot of nonsense and do not know where your money is going.
We started our ZERO BASED BUDGET back in September 2017. As it stood, then, we had:
Van payoff 2020.
A student loan payoff of 2027.
An equity payoff of 2022.
And a house payoff of 2037 (I think it was 20 yrs…might have been 15….or was it 30….you get the idea though).
Right now, on October 13, 2017…due to LOTS of sacrifices, selling an exercise bike, Big Daddy working overtime and taking control of our money again…this is where our payoffs stand.
Van payoff will be DECEMBER 2017
Student loan payoff will be DECEMBER 2018
Equity payoff will be DECEMBER 2019
House payoff will be DECEMBER 2022
Can you even?
CAN. YOU. EVEN?
I mean COMPLETELY debt free by 2022. Now, of course, this does not account for any surprises, but most of the surprises, we have take out money for in our zero based budget plan. We call it a “sinking fund.” Anything that we perceive to be needed or could happen, in the future, we are saving for…plus we have a little emergency fund that we can rely on.
Even if we have to delay being debt free for a couple of years….we are still WAY ahead of the year 2037….that is a 20 yr difference. That is saving interest and not paying a boatload more in interest rates.
God is good…..even through my last hellish 3 yrs….He is good. We are trying to be obedient and, yes, we are making sacrifices because we are not choosing to serve two masters anymore.