Wow, we are into May already!
Our debt plan took a bit of a detour for April. We were going to be taking a trip at the beginning of May. We like to visit my in laws at least once a year, we camp on their property so all we need is gas for the trip there and we split up food costs while we are there. So overall, the trip costs us $300-$400 altogether. We did not make a big debt payment in April because we saved our snowball money to cash flow our trip.
I cannot tell you the relief I felt at being able to cash flow this trip. We have never taken this trip without fully funding it with credit cards. We have never taken this trip without MAXING OUT our credit cards by the time we get home. We have never taken this trip with a budget in mind.
This time around was different. Every purchase we made was thought out, we always weighed it with the thought of, the more unnecessary spending we have, the less we can send to a credit card when we get home.
Overall, the trip was so much fun! We just spent some time in a new environment, away from our usual worries and such. Our daughter got to have fun playing with her cousin. And the best part? We were still able to make a snowball payment of over $500!
Our credit card of focus is now under $2,000!
I have a trip in the middle of June so we will be taking the same approach with May’s snowball payment. We need to knuckle down on our grocery spending a little more this month, we did go over a little during April. So our focus for May is to stick to our budget and then save our snowball to cash flow my next trip. Then we shouldn’t have anymore trips for a while.
I think we will go see our family again in September but by then we should have our first credit card paid off!
Our current baby step 2 balance is $50,740.77! Which means we have paid off almost $5,000 this year!
