This week was the 1st of the month which is when I plan to do all of our snowball payments. We had a large amount of money to put toward it since we received a escrow refund check for switching home owners insurance providers.
We also cash flowed new tires for hubby’s car, new glasses, dentist appointments, and a few other things we weren’t expecting. The important thing is, we CASH FLOWED all of these rather than needing to touch the emergency fund.
With YNAB I have also been putting aside money for pesky expenses that I would usually ignore until the expense came up like domain renewals, xbox memberships, and other things that I would just charge to the credit card and forget about. I moved all memberships that I knew of to our new account equipped to handle these expenses. We have also started setting aside money to help with car repairs as they come up and my daughter’s homeschool curriculum.
I feel so much better equipped to handle whatever life may throw at me. It’s a good thing we have been used to not spending money on frivolous things for a while, because we have already gotten a handle on not having crazy expenses. We have been avoiding credit cards for the most part for years.
We were able to send a substantial amount of money towards debt this month. We sent a total of $2,364.64 to debt. This includes all debt payments. We were able to reduce our baby step 2 amount by $1,969.26 for the month.
We will be taking a trip at the beginning of May so we will pause our snowball amount until we know how much that trip is going to cost. We are camping on our family’s property so we only need to pay for gas to get there and home and food while we are there. Overall the trip shouldn’t cost more than a couple hundred dollars. This trip will be to celebrate my husband’s birthday.
We are so excited to be on this journey and to finally be making a dent in our debt!
