You've got some red on you
Unfortunately we did not get out of debt during this last year but we are trying again. I think this is common for a lot of people. They try and try to get out from underneath the debt monster but (like the mafia) it just keeps pulling you back in.
I've been doing some website work lately on the side. Here's one and here's another. So that's a little extra money. Every little bit helps. All of the extra money goes toward debt payoff.
At this point we have about $32,000 in debt. That doesn't count our 2 car payments and our mortgage. So we have a plan to get out from under this in about 3 years. We'll see.
Our first big priority was to stop eating out. Mission accomplished. Not only is it good for our bank account but it's much better for our health.
Out 2nd big priority was to stop spending except for essentials. So far so good. It's nice to look at our current activity on our checking account and see almost no activity except for bill pays.
We also listed out our debts, bills, and other expenditures. We made a simple spreadsheet showing all of that information. This helps us visualize where the money is going and when.
We also created a snowball spreadsheet for our debt. This spreadsheet includes all of our credit card debt, our small loan debt, and our car payments. Once we get this down to one or two debts left we'll add our mortgage to it to see if we can pay it off a little quicker. We have a 30 year note and it would nice to get that down to at least 20 if not 15.
So anyways, I'm back. Not that anyone will notice but it'll make me feel better to keep this small journal of our progress. Wish us luck :)