Financial Peace - July Update

Happy Saturday!! We've had a busy few days this week, and I'm glad to be relaxing at home for a while. Yesterday Kevin and I went to visit with one of my clients in Glen Rose and then had a coaches party to go to all evening (and some of this morning!). We had a great time visiting with everyone and I'm SO looking forward to getting a taste of being a "coaches wife" this fall. It's sure to be an interesting 3 months up until the wedding!


The wedding is just over 3 months away!! I can't even believe it. We are down to the final decisions and all of the fun stuff is just around the corner!

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) --- ($1,195) 
Wells Fargo CC: ($1,469) --- ($1,392) 
JCPenney CC: ($2,523) --- ($2,156) 
Granny: ($3,620) --- ($1,870) 
1st Financial CC: ($9,697) --- ($9,521) 
Kevin's Truck: ($7,196) --- ($6,199) 
Tia's Car: ($14,200) --- ($12,000) 
Tia's Student Loan #1: ($1,341) --- ($1,132) 
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) --- ($15,998) 

TOTAL DEBT:  ($72,916) --- ($65,185) = Total Paid Off: $7,731 (SERIOUSLY Y'ALL!!!) 

So to recap, in only 7 months we have saved more than $4,000 AND paid off almost $8,000 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 have a good friend who is about to start FPU classes with her husband. I URGE you to sign up, it's super easy to find a class being offered through Dave's site.