Financial Peace - June Update

Yay, it's the weekend!! Kevin and I are cleaning and laundry-ing it up today, but I thought I could take a quick minute to give you guys our June Update for FPU!!


We saw Harry Potter yesterday (nerd alert) and loved it! We used some of our "fun" money envelope to go see it and even splurge on a coke and popcorn. Haha, party animals!! The wedding is less than 4 months away!! I can't even believe it. Where it will be bittersweet to be over and done with the wedding, we are beyond excited to finally be able to get back to plowing through our debt like we were in the first few months! I've been listening to Dave Ramsey podcasts, and his daily show for extra inspiration and motivation to just keep my head down and keep moving forward. There are tons of great info on his website and you can listen to a bunch of previous shows, just click here.
In a previous post I laid out the foundation for a Total Money Makeover (TMM). For those of you who have started, keep it up!! And those of you who need to, I urge you to consider going through your own Total Money Makeover! It is LIFE-CHANGING!! We've been at this since mid-January and every month...really every day...just blows my mind at how much peace this has created in our life (The only peaceful thing at this point)! 

7 Baby Steps: 
Baby Step #1 - $1,000 to start an Emergency Fund (Feb 2011)
Baby Step #2 - Pay off all debt using the Debt Snowball 
Baby Step #3 - 3 to 6 months of expenses in savings 
Baby Step #4 - Invest 15% of household income into Roth IRAs and pre-tax retirement 
Baby Step #5 - College funding for children 
Baby Step #6 - Pay off home early 
Baby Step #7 - Build wealth and give! 

Baby Step #2 

OUR DEBT 

Name of Card (Beginning Balance) (Current Balance) 
Victoria's Secret CC: ($103) PAID OFF in February 2011 
New York & Co CC: ($205) PAID OFF in March 2011
Capital One CC: ($466) PAID OFF in April 2011
Chase CC: ($1,314) --- ($1,208) 
Wells Fargo CC: ($1,469) --- ($1,406) 
JCPenney CC: ($2,523) --- ($2,221) 
Granny: ($3,620) --- ($2,120) 
1st Financial CC: ($9,697) --- ($9,556) 
Kevin's Truck: ($7,196) --- ($6,368) 
Tia's Car: ($14,200) --- ($12,315) 
Tia's Student Loan #1: ($1,341) --- ($1,167) 
Kevin's Student Loan #1: ($1,448) --- ($1,448) 
Kevin's Student Loan #2: ($12,274) --- ($12,274) 
Tia's Student Loan #2: ($17,060) --- ($16,152) 

TOTAL DEBT:  ($72,916) --- ($66,235) = Total Paid Off: $6,681 (SERIOUSLY Y'ALL!!!) 

So to recap, in only 6 months we have saved more than $4,000 AND paid off over $4,500 of our debt AND we still have money in our account AND AND all of our bills are being paid. Let me tell you, I'm a numbers person, and I just don't get these numbers and how it's working out but IT IS!! 

Have a great week you guys!! I still really want to get a wedding post up for you guys, I'll try this week! Lot's going on and lots of planning so I want to share soon :)