I had a serious repayment plan to eliminate some major debts in March. However, there were some unexpected delays that caused me to delay paying off a few debts. Things were looking pretty good in the beginning of March. Until…Well my wonderful husband told me that he was not comfortable with the amount of money we had budgeted to live off between paychecks. My plan was pretty awesome. But, it did require major changes to eliminate our small debts by the end of this year. However, my lovely husband did not feel good about having $200 spending money between paychecks. So, in order to keep peace in my home.. I had to agree with my hubby’s demands and scale back the repayment plan a bit. This unexpected revelation from my husband not being comfortable with having only $200 between pay periods cost our repayment plan budget a whooping bill delay; 3 bills were delayed because of this surprise from the love of my life… Back to the drawing board. I am feeling pretty good about April and keeping my fingers crossed that there will not be any delays in April. One thing that I am learning about budgets.. Well.. life happens and you have to get pushing and adjusting as needed. So, for the month of March.. My original plan was delayed.. but not denied.
Question for You: What creative ways have you used to get your spouse to understand the importance of “sticking” to your budget repayment plan?
State of Finances
As of March 2016, I have close to $500,000 in consumer debt which includes students, a home mortgage and many debts in between. I created this website as a living case study of my journey to becoming debt-free. On my website, you will not find any fluff or crazy ideas about how to get out of the debt.
Instead, I will show you exactly how much I owe in consumer debt along with actions that I am taking each month to become debt-free. You can also check-out details on my monthly financial achievements and financial areas that require improvement.Each month, I will detail all income and expenses along with my success with eliminating debt.
Why Become Debt-free
I decided to get out of debt because I am tired of not being able to live on my own terms. In fact, I am actually tired of being an employee and would like to position myself to be able to earn an income on my own with the restrictions and limitations that having a “JOB” entails.
Due to the large amount of consumer debt that I have; this journey has been both rewarding and frustrating at times. However, I will eliminate debt by carrying out a very strategic plan that takes into account every penny and dollar that I earn to maximize my ability to become debt-free. This site is interactive and designed to allow readers of my website to offer suggestions and ideas on how to best “work” my monthly budget. Although I reference myself in this debt freedom plan, it is my hope that this website will offer real solutions for those who desire to say goodbye to debt. In addition to interacting with me online, I encourage you to sign up for monthly updates to receive more detailed information on my living case study to becoming debt-free.