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It's been a rough month, but I'm still here.

July 25th, 2018 at 06:36 am

Some quick financial wins. We're slowly working our way towards last month's income. We're about 40% of the way there with our available funds and 60% of the way there if we were to clear out the sinking funds and count them towards the buffer. Considering the weird paychecks with DH's work travel, I'm feeling pretty encouraged. Adding in the BEF would be 75% of the way there. We want to get there without counting the SF or BEF, but it's still nice to feel like we're making progress.

I also finally paid off the BoA CC. It's been next on the list for awhile, so it was nice to finally see it gone.

I did do some Prime Day shopping. I ended up moving my Amazon CC on budget in YNAB and entering the transactions, so that they would come from the right categories. I had all the money already set aside to pay the unplanned spending in full!

I adjusted my direct deposits to contribute a larger amount to our joint account - an extra 800/mo!

I have also decided on some midyear goals that I think are achievable by the year end (DH is on board by default since he trusts me to handle the money):
1) Pay off 2 more credit cards (Ashley Furniture and the Marriott card totalling about 3k, stretch goal would be 3 including Capital One at 1300)
2) Save 10k in a replacement car fund (6k of this will come from DH's bonus)
3) Live off last month's income
4) Fulfill fireplace fixing and dining room pantry savings goals (about 800 total)

It's going to require a lot of diligence and a little luck to achieve all 4 of these things, but I've never felt this in control of my money.

One last note... For anyone who was curious, I decided to forgo the match on my 401k through the end of this year in order to make some serious progress on getting to some stable financial footing. Beginning January 2018, I will increase my withholding back to 8% to get the full match and DH and I will just make do with slower debt reduction progress. (If all goes well, we'd have about 28k CC and 30k student loans.) DH has increased his contribution to 15% since he started later than me with retirement funds.

4 Responses to “It's been a rough month, but I'm still here.”

  1. creditcardfree Says:

    Congrats on paying off your BOA card. Good luck with your goals for the end of the year! I need to think about ours and see if I need to tweak anything.

  2. My English Castle Says:

    Sounds like you've got a good plan in place, Jazzy

  3. shiela Says:

    Nice job

  4. rob62521 Says:

    Congrats on getting the BOA card paid off. Good plans for the rest.

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