My husband and I have spent the month of September
talking about our finances and getting them organized. We organize our household
files, organized our bill box, organized our debts paperwork folder,
decided to start using our debt snowball toward paying off car loan, made a
list of the bills that cover the 4 Walls, made a list of all our debts so we
know who we owe and how much, paid our 4 Walls up to date, opened and
redirected $200 a month into a savings account for our $1,000 BEF (Baby Emergency
Fund) which we plan to eventually be our FFEF (Fully Funded Emergency Fund) of
$40,000, deemed one checking account for our debt snowball to be funded with
ebay sales, talked to our retirement account advisor, researched how to do a
Will ourselves, figured out our net-worth is +$50,000, joined several facebook
finance groups for support, used our flex medical account to pay a few medical
bills before the end of the year.
As we are heading into October, I borrowed a few
finance books from the library. I got a
mix of audio and books, I hope to listen/read them by the end of October. On my book list: Living Well Spending Less by
Ruth Soukup, Millionaire Next Door by Thomas J. Stanley, Total Money Makeover
by Dave Ramsey, and 21 Irrefutable Laws of Leadership by John C. Maxwell. I’ve
read several finance books before but none of these besides Total Money
Makeover but I wanted to read it again. I started listening to Living Well
Spending Less by Ruth Soukup. There are 5 discs, and I listened to 1 of them so
far. We are doing a No-Spend October Challenge that we plan to use for our Emergency
Fund. My husband and I along with our daughter and her husband are starting
Financial Peace University by Dave Ramsey starting October 6th.
How did you kick debt in the teeth this month? What did you do to move closer to your financial goals? Let's celebrate together!
No comments:
Post a Comment
Thank you for visiting A Welcoming Heart. Your comments are always appreciated and I hope you feel welcome to share your heart with me.