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!