Hey everyone. Our update for April.
Last month we paid off our car (only car). We then faced the choice of keeping the student loan ($20k) in BS2 or move it to BS6, because $20k is half our gross annual income and it's going to take years to pay off. We decided to keep it in BS2, hopefully that's the right choice. I HATE having that stupid loan. (It's both DH's and mine consolidated into one).
You know those thermometer posters fund raisers often have? Where you fill it up as you reach your goal? I made kind of the opposite, just an inspirational graphic showing our progress toward ZERO. Assuming we pay exactly and only the amount we snowballed from our car loan, we'll be done in July 2013.
Yesterday, however, DH mentioned that we're doing "really good" this month. It kind of made me scratch my head because I don't see anything different being done at all. We are both very frugal but at the same time he does go out and pick up things here and there - like yesterday he bought a bike helmet for DD. Which is hardly an irresponsible purchase, but it seems like there's often stuff like that. Anyway, I don't see any difference but he says that when he focuses on the money, it just starts coming in better. Who knows why. We do have a budget, we do track all our expenses, but yet -- there ya go.
So, hopefully we'll be sending yet another EXTRA payment to Sallie Mae in a couple of weeks. I will be psyched even if it's just $20.
We used to be so, so good with the finances but since we had DD we just went way off track. Not buying stupid stuff, but just... I dunno. We always wanted to pay off our house early, but we stopped sending in extra payments. We were going to pay cash for our next car, but our last one died way before its time. (Yeah, we should have gotten a clunker, and we seriously considered it, but given how much our last 2 cheap cars dissappointed us, we thought it might make more financial sense to buy a 3 year old Vibe. So far it's treated us great, though, knock on wood). Anyway, it feels good to be back to what we used to do.