Wednesday, May 30, 2012

Car Payment almost gone

I can hardly believe that by September of this year our 2007 Kia Sedona will be paid for. This was the first vehicle that either one of us owned that was new. The Kia will be paid off 1 year early, I know that does not seem like much but that is one less year paying interest. Once we are done paying for this then we will put those payments toward the credit card with the highest interest rate. If we keep within our budget then by July of 2013, three of our credit cards will be paid off. Those will be our last three credit cards.  December of this year the first card will be paid off  and the next one in January. 

Summer is here

Summer has started for me. The kids are out and we are getting ready for vacation, family reunions, and trips to visit colleges. My 17 year old will be a senior this year. So we are continuing the hunt for college scholarships. As many parents know it is hard to pay for tuition but we will be applying to every scholarship that he qualifies for this year. We will have 2 in college after he graduates next year. Bills will be higher as well in the summer-  the kids are home so that means more meals, more electricity, more of everything will be used. There are so many ways that you can cut down on the cost over the summer. One way is cheap entertainment I plan to take the boys to $2 movie and popcorn, library for reading events, and the local museum.  We are making our own frozen treats this summer.  I will post some recipes later on of them.  I am just so excited about summer this year.

Monday, January 30, 2012

Debt, Debt and more debt

I have been working on a plan the last couple of months to get my family out of debt. We have 4 credit cards, 2 student loans, car, medical bills and a house along with the regular bills. In order to save money we have been eating food out the stockpile for several weeks. Last week was the first time that I had to buy meat  in over 5 months. I only purchased meat that was discounted. I have learned how to be really creative with the items in the stockpile.  Lately I have cut out the extra trips to the drug stores unless the items are free. The debt is slowly going down and by the end of the summer the car and 1 credit card will be paid off.  Well the medical bills will be paid in the next month or so.  I just feel that we are slowly working on the debt. It will feel good to get rid of some of the debt. I know it will take time and has to be done one debt at a time. I hope that your journey is going great.