I have tried to be a much more concious consumer lately. David and I do well for ourselves, and I always took that as I could buy whatever I wanted. However, now with a new house, CC bills to pay, graduate school, and babies in the future I am feeling the need to get serious.
If you know me well, you know that I love organization, lists, and anything that goes with it. I have "gotten our lives" in order lately by figuring out how to save for a downpayment and then the next step on paying off the credit cards. It is my goal to pay cash for my new masters program and be debt free (except for house and cars) by the time we have a baby in 2 - 3 years. I have a plan but know I can always do more. Therefore, when I saw an article in Redbook (I get it for free for doing the Princess race every year) I wanted to try it. The article said, "Slim down your spending and fatten up your nest egg with the tiny daily steps in this plan" I am officially starting day 1 today and want to share each day with you to keep me on track. I wont go into too many details, but maybe you can find it useful also!
Day 1 - The "weigh in" - Know what you owe. I made a list of our credit card debts (blleeeccckkk) along with the interest rate we are paying monthly. Luckily we do not have any student loans or owe any back payments. I put the credit cards debts into a Google document (I know, I'm high tech) It was easy! Hopefully each day goes as smoothly!
2 comments:
I had to do a credit card spreadsheet for Rodney a few years ago. It was NOT pretty to see but actually laying it out and making a plan on which order to pay them off did wonders. Good Luck!
Those boys are a lot of trouble! We have to help them every step of the way. Good to know making a plan worked for you! Thanks!
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