Oh goodness, I’m blogging about money. So taboo for some reason! But, here goes!
Remember how last year we focused on not spending? We did a good job of keeping our debt snowball rolling. Well, rewind back to March of 2015, I would have laughed if you told me that I could be anywhere near debt free (including our mortgage!) by 2020. But we did the best first step of sitting down and writing out our bills and where our money went back then. So basically before this time, we paid our bills in a timely manner. But, we didn’t have a whole lot extra and made minimal payments.
We found out how much those quick trips to dollar general or a “run” into the grocery store were really costing us. We saw how much money we spent on eating out and buying soda. It was crazy! So, we starting slowly working on our debt. We paid off our car. Then, we worked on both of our orthodontics. Next up was paying off the truck.
This year, we are going to be attempting to pay off the rest of the loan for our solar panels and we will be doing extra patents to hopefully pay off the house.
So now on with the how. We did the smart thing of when we pay off one debt, we put that amount onto the next debt to pay it off sooner. And then on to the next. And last will be the mortgage. We will also:
Keep crafting and putting the money that we make towards our debts
Continue to pack our lunches and have no problem with eating leftovers.
Make our own snacks and avoid visiting the grocery store to pick up extras. (And make our own meals too!)
We will keep gardening and saving money by saving our own seeds.
We will keep growing our own food to save a few bucks in the summer. Plus preserve the rest for decent food in the winter.
We will keep composting and feeding extras to our chickens to give us extra food for the garden and yummy eggs for us!
We will also try to buy second hand when possible. Plus, fixing, mending and upcycling when possible.
So, do you have goals when it comes to your finances? If not, pull out those bills, take a deep breath and find out where your money is going!
And if you do have some goals, or other ways of saving, please share!