1. Save 3 months living expenses by December 31. We had a CD come due that we opened late last summer before we bought our home so we used that to pay off debt and put the rest in our emergency fund! At the end of June we have reached 87% of this goal! We hope to have this fully funded by October 1!!
Pay $3,000 towards our “small loan”. This month we paid the entire “small loan” off!! WE’RE DEBT FREE…minus our home!! It feels wonderful to not be in debt again…hopefully these past 6 months will be the only time in our life that we have any debt except for a mortgage!
3. Make an extra principal payment every month. We haven’t been doing this because we have been focusing on getting our debt paid and working on our emergency fund. However, since we refinanced and our payment was lowered we made an extra principal payment for the difference since we were already paying that and we are going to make this payment every month!! Once the emergency fund is fully funded we will begin making even more extra principal payments!
4. Keep all Miscellaneous spending (Medicine, Toiletries, Clothing, Gifts, everything but food) under $100 a month.In June we did a great job keeping our miscellaneous spending in check! We only spent $52.31 this month!
5. Sell $500 worth of stuff from around our home by July 31. We didn’t sell anything in June..I seriously doubt that we will reach this goal by July 31 because we still have $248.61 to go to reach the goal but we are going to keep trying!!