Yippee! It's time to talk money. In December or a bit earlier of 2007 we decided we wanted to become debt free. So in Jan '08 we started. We ended up getting to take the Dave R. course that Jan. Great timing.
What a interesting journey this past year has been. We had to refund our emergency fund 4 times, due to dental problems! We stayed on budget and didn't rack up any more debt than we alredady had. We also were able to pay down about a third of the debt.
We put our home up for sale. But even with an ELP on our side it didn't sell. FL's market is flooded with foreclosures. But we did what we felt we were called to do. So for now our plans of more land and country are on hold.
-Make a little over minimum payment to debt each month.
-Sock all extra money into EF to get it up to 6 months (not sure about Superman's job this year- if all goes well we will pay off debt and start working on refunding the EF)
-Save all the extras I can towards a new to us car. I would really like one now, but I'm hoping we can hold out another year.
-Take care of our wills (i know,i know)
-Refinance house to lower rate- possibly 15 years
Last year we learned that we needed to have a base EF of $2000 for our family size etc.
So in some ways I feel nothing has changed and we keep just plugging along, but that could all change this year!
What is your plan for this New Year? I love to hear!