June has been a very busy full month, it literally flew by! It’s now July and I thought I had better post a little progress report on our debt free journey.
Let me just start out with saying what has gone on behind the budgeting and trying to stay on point with our budget. I have had weekly doctor appointments and ultrasounds for our Little Miss due in September.
Our baby girl is being monitored for fetal anemia, which has been a little stressful with all the trying not to worry business everyone says to do. I have had appointments all over the southern regions of the state in regards to Little Miss, and it’s quite exhausting when you are 7 months pregnant and have to go to these appointments alone or with a 3-year-old. (Hubs works full-time and we can’t afford for him to take time off… boo)
We have worked hard at getting the kids shared bedroom in order. We painted the room, set up the crib, changing table, moved Reds bed to the other side of the room… rearranged the closet, and even set up a play room upstairs. I have gone through all of Reds old baby clothes, some I am wondering why I saved to begin with! Some of his old clothes are being donated to charity, some are being sent off to family who could use them and the rest is being sold at a kids consignment store. I have tried to do Ebay with kids clothes and I do not know what the secret is to making a sale, so I have given up on that option. I still have quite a bit left to do in the kids room, like put art on the wall, and new curtains that can’t be pulled down by a baby. And we need a new ceiling light fixture, the current one is an old school light bulb in a socket. Running out of time and money!
Now down to business…
My goals for June were to:
- Get current on past due bills
- Start shopping with coupons
- Start our emergency fund
- Stick to our budget
- Sell old truck
For the most part we are current on our past due snafu we had happen in the spring. I went in for dental work prior to getting on board with our debt free journey, and when it came time to pay the bill I put it on the credit card. In return we maxed out said credit cart and went over the limit, and it has literally taken us months to get us under the maxed out credit card status. And to top it all off our insurance didn’t cover the procedure as the dentist billing person told us it would be, so we still owe over $800 for dental work. UGH!!! WILL IT EVER END?!!
I have started to coupon shop more, but I have found that sticking with store brand products is cheaper in most cases then using a coupon with name brand items. I have shopped at the dollar store for household items and a few toiletries. I am quickly learning what to buy and not to buy at the dollar store. (That is a whole blog post in its self) I have also been using the ibota app, I have earned back $27.25 in cash by using this app. When you save $20, you can request that the cash be deposited directly into your PayPal account, or they can send you gift cards. I prefer the cash back option myself. If you are interested in ibotta, and haven’t tried it yet you can use the code obvdnmk when you sign up and after you redeem your first rebate you will get $10 automatically credited to your account, and I will get $5… winner, winner chicken dinner!
In June we were unable to set aside money for our emergency fund, due to our huge maxed out credit card bill. I am hoping that in July we will be able to put SOMETHING into the fund! My husband and I did a little recap of what we spent in June, we both thought that we did really well…BUT… Somehow we ended up spending $60 eating out and we didn’t even budget for it, and we went over our food budget by $60. Honestly I had no idea that we spent $120 extra then we had planned… how is that even possible when we are paying cash for everything?
Lastly, we did not sell my husbands old truck. Personally I think he is asking too much for it because he has put a little blood, sweat, and tears into it… all I can say is babe let it go! But he isn’t ready, what can a wife do?
After all is said and done, for the month of June we were able to put $1356 towards our total debt, that is our credit carts, car, and mortgage, and I feel good about that number. Our goals for July, are to start saving for our emergency fund, and to start Financial Peace University, as well as continuing to chip away at our debts. July is our wedding anniversary month and we decided that we would give ourselves the at home Financial Peace course. I am looking forward to diving deeper into the process of becoming debt free.