Thank you Dave

Let's backtrack about 15 months ago. Daniel and I had been married for about 3 months and thought we had it all figured out :)

We thought we had talked thru finances, were on the same page, same goals, and were being financially responsible. I've always been pretty organized and kept a balanced check book. So it alarmed me a bit when i realized that each month we were spending more than we were making, and our sparse savings account was getting smaller by the minute.

Enter Sarah and Mike.

They started Dave Ramsey a few years ago and were slightly annoying about it. Sarah was constantly telling me about their envelope system, how they used cash for almost everything, had a debt snowball, blah blah blah.

We got married in November 2009. Daniel had a credit card, i had a student loan, and we each had a car payment. By February 2010, we had close to $33,000 in debt. $33,000! Each month i would see the interest we were paying and get physically sick. I felt like we would never be able to make a dent in our debt. Looking at what we were making made it seem impossible.

Again, Sarah pointed out that they were a family of four living on just Mike's income. Not only were they okay, but they were really close to being debt free. They didn't live extravagantly, but they still took vacations and splurged on things every once in a while.

So during the great blizzard of 2010, Daniel and I read the Dave Ramsey book. We cried, we laughed, and we both realized that debt was an option. And we didn't have to sit by and do nothing. It WAS hard. Especially because it was easy to make the excuses that we didn't make enough money, or that we needed to put any extra money into savings 'just in case.'

But after reading The Total Money Makeover, we were hooked.

Mike helped us make a budget and any and every extra dollar went into paying off our smallest debt. The plan was to pay off our smallest debt first, then the next smallest, then the next, and so forth.

We used cash for groceries, eating out/entertainment, and our personal money. Daniel and i each got $50 a month for personal money. We could save it, spend it, or use it however we wanted. This made it so much easier, than having to check with the other person about if it was okay to buy a shirt from Target, or a new book or something.

We took out money twice a month for each of our envelopes. If it was the 13th and our grocery money was gone and we wanted to buy something to make pizza, we opted for something else instead. Some months were harder than others, but menu planning helped so much and made each dollar go further. It also kept us from eating out as much. If we already had a meal planned, it was much easier to eat at home and save $.

We eventually added a clothing envelope as well. It made it a lot easier to pay for new shoes, pants, etc. And it felt so much better paying cash for these items without messing up the budget.

We also only kept $1,000 in savings as our emergency fund. This was probably the hardest thing for me. i like money in savings. I (used to) didn't mind having debt if there was a nice number sitting in my savings account. But after reading TMM, it made sense to cut back on savings and focus on getting our finances under control.

Here are the details:

July 2010-  paid my car off

November 2010- paid off credit card

April 2011-  paid off Daniel's car

May 2011-   paid off my student loan

WE ARE NOW DEBT FREE!!!!!!!!!!!!

WE OWE NO ONE!!!!!!!!!!

I am still in shock that we paid almost $33,000 in 15 months and don't have any debt whatsoever. It is such an amazing feeling. Honestly, looking back Daniel and I both can't believe it actually happened. It was only because of Father's provision for us that we are now debt free. He gave us the desire, willpower, and financial means. We would not be moving to East Asia in 9 days if were still in debt. We are SO humbled and blessed to be where we're at.

I'm going to be honest, there were times when we would be invited to go eat or do something with friends, but had to turn it down because there wasn't money in the eating out envelope. Looking back, i don't think we ever went without or regret having to say no to somethings.

If you are in debt, i strongly encourage you to read The Total Money Makeover. It will truly change your life.

any other dave ramsey fans out there????

love

laura

Our Week

I had no idea what else to title this.

Monday. It was Valentine's Day. We decided that since we were just coming off of both our birthday's, anniversary, and Christmas, we didn't need to spend any money on gifts. We chose to just have a nice dinner instead. With out crazy weekend last week, we knew Monday was going to be busy, so we decided to celebrate today (Saturday).

We did have a nice meal though, lasagna asparagus, and garlic bread. I know 2 other couples that had asparagus for V day too. I'm now calling it the vegetable of love.

Daniel doing dishes.....

Sarah and i were talking about V day and how almost every married couple we know just stayed home and had a nice dinner. While i would've loved to blow tons of money and do it up big, it's just not realistic. We had a great meal at home and enjoyed our evening together. Even though i'm totally excited about tonight's dinner...we're going to a new restaurant on the lake. I love scenic places to eat.

Daniel's schedule was a bit different this week, so we didn't see each other at all on Tuesday. So I took the opportunity to get in 4 miles.

Last night, we were just supposed to eat dinner, hang out and go to bed early for the busy weekend we had ahead. Then i decided i would do our taxes....because it's easy right??? ummm no.

We're still trying to figure things out, but for some reason we're owing a little under $3000 right now. I was really upset about it last night, because we're really confused and let's just say.... we don't have $3000 just lying around. And with some other things we're trying to do right now, it's not the best timing. After all the confusion and anger subsided, we knew that Father would provide. Somehow. We didn't get a massive check in the mail today or anything, but we trust that He knows our situation, future, and finances. We're going to try and figure things out next week to find out the final number and what the heck went wrong. 

So that kind of put a damper on our already crazy weekend. But i woke up this morning with a pretty good  attitude about it. I think it's partly that i have zero control over this and so at this moment, there's not much i can do. I'm just continuing to pray.

I was going to talk about running, but can't think of much to say. This morning we ran 5 miles. It was a really hard run. I didn't eat anything or drink much before we headed out and i felt it. Lesson learned...hydrate and get some carbs in me first. I was able to keep my pace, but i was ready to walk at mile 1. I kept giving myself little pep talks, so i was able to finish. No matter how bad my runs are, i still love the feeling i get when i finish. The feeling of accomplishment and knowing i just did something good for my body and my health.

Speaking of recovery drinks......i love a great glass of chocolate milk right after a run. It's insanely refreshing! Well, I just got addicted to this:

I got it at Central Market last weekend. The problem is that to feed my new addiction i have to drive 3 hours. It's "skim" choc milk but has double the protein and half the sugar. And my fave part is that it tastes like regular whole milk.....yum yum yum!

After breakfast of sausage (the healthy kind) and eggs, we're doing some errands and getting things done. I have a wedding shower this afternoon for a friend, then we're having some pics taken, and then dinner. We're hoping to hit the hay early tonight cos tomorrow is pretty busy too.

Sorry i don't have much else.

Hope everyone is having a great Saturday!!

love

Laura