Sunday, October 17, 2010

Latest October upate

We did it! We have paid off our final loan leaving us with only a car payment and mortgage. I'm readjusting our monthly payments so that I can increase the amount we are putting towards our car. We are still on bi-weekly mortgage payments as well so we've now made (as of this month) an extra payment this year. I hope to get our mortgage down as much as possible so that we can consider refinancing without having to pay any fees, etc.
What have you all been up to? How have you changed your financial circumstances? Hopefully I've inspired at least one of you to make more sound financial decisions. I have definitely learned more about choosing wisely while shopping and avoiding returns (sometimes returns that never happen!)
Finally, a semi off-topic deal for you. Jo-Ann's has the Cricut Expression (Personal) Cutter on sale for $89.99 down from $199.99. If you have a teacher discount card you can knock another 15% off of that price! Great deal unless you are holding out for the Cricut Imagine (which looks amazing!)

Monday, October 4, 2010


We have managed to go another month on cash alone. As time goes on I find that I am dipping into our savings a lot less, replenishing accounts more, and paying off the last bit of debt we had prior to starting this challenge. My hope is that this next paycheck will pay off the loan and we will be on our way to paying off our car! My goal for that payoff is August 2011 leaving us 1 year shy of our 4 year loan. After that, I will be working towards increasing our retirement savings, kid's college accounts, and paying off our mortgage. My ultimate dream goal is to pay the house off in the next 10-12 years, and I believe that with some determination and organization, we can do it.
I want to make sure we are investing correctly in our retirement accounts as well without sacrificing the here-and-now. You see, I don't want to end up saving so much that I don't get to enjoy my children, some last minute trips or even an occasional date-night-out. It is such a delicate balance.
I've found myself frustrated with couponing as well. As much as I find it beneficial it is such a challenge to have enough coupons to make the trips worthwhile- that is, of course, my experience. I need to get back on track and reorganize my coupons. I have also noticed that I was buying things I didn't necessarily need simply because I had a coupon. Those coupons are so tempting... you buy something then you've created a need for an item you didn't quite have in your life before. For example, I never bought Juicy Juice, but I got a great deal. I had them in the house for weeks and it was so easy to whip one out as a "treat" for my son. Once they ran out I was almost tempted to buy some until it dawned on me that we were just fine before without them. Hence the magic of coupons!
Anyone else set up any goals while I've been away? I would love to hear about your savings tricks, obstacles, thoughts... anything. Come keep me company or this will be a long year!