Been such a long time!

I have a kind of sad history with this blog in that I have had some long periods where I have fallen off the face of the earth and have neglected to record what is going on. It has actually caused me to feel some guilt, which is kind of silly, because what I write here may cause someone to think, but it isn’t the life and death work with which I have been involved with while I have been away.

So, I decided I won’t feel guilty, but I will share what has been going on for the last 15+ months. 

Family

Our two daughters moved in with us in July of 2011. They were in the foster care system and we fostered them for a long time until we were finally allowed to adopt them. They were older and had experienced a lot of trauma, which meant that there were some significant challenges to come for all of us. I am NOT whining, but I can tell you that this has been the most costly and difficult thing that I have ever done. My husband and I have both had to leave jobs, lost friends, income and have found ourselves isolated on several occasions. This is a tough spot to be in when you are trying to reduce debt. When the rest of your life feel constricted, the last think you want is to feel like you can’t provide yourself some self-care because you wanted to pay that bill down by $20 extra. But we still managed to, even if it wasn’t as much as we had originally planned.

School

Well, after 7.5 years of slogging along part-time, I finally (!!!!!!) finished my masters degree! It has been great not to have to pay for tuition any more. And the last two years, we decided not to apply for another student loan, but to pay out of pocket. Which hurt. A lot. But we didn’t incur any additional student debt, which is good, because that bad boy bill is HIGH. 

Work

This has been the biggest area of change. When I was last “current” on the blog, my husband had finally gotten a new job after being fired from his last job when his performance at work was affected by the special needs of our children. He found a position at an organization that really understood where he was coming from and that supported his focus on family over work. His 10 months of unemployment was PAINFUL. But then, when he went back to work, we discovered that our youngest was disintegrating at school. Eventually, the school asked us to come in for a meeting in the Spring of 2013 to let us know that they didn’t want our little 2nd grader there because she was too disruptive for the class. And this is the best school in the district (and they would not give us a permit to go to another district), so my husband and I had to talk and pray about the whole thing. Eventually, we came to conclusion that we would homeschool for the 2013-2014 school year to address the emotional and psychological needs of our little one. Which meant a 58% reduction in income. In your head, remember what E.T. said to Elliot when he cut his finger on the saw blade – “OOOOOOOOUUUUUUUUUUUUUUCH!”  Yes, that is what that felt like.

I’ll write more about some of the things that we did to replace income, but it should be clearer that I was away for a good reason and that while it kept me so drained that I couldn’t write, it didn’t stop our debt journey. 

Thanks for reading and I look forward to sharing more soon!

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June 2014 :: Report

Debt Reduction

Here is where we were after 6.30.2014:

Credit Card Debt               :: $    16,294.96
Taxes Owed                   :: $            00.00
Car Loan  #1                    :: $      4,829.69
Car Loan  #1                    :: $     11,744.76
Tuition                           :: $             00.00
Personal Loans                 :: $           00.00

Total Debt*                        ::  $ 32,869.41

*does not include school loans

We have come down a little bit since last time, but as you’ll see in my post later this week, I haven’t had a full-time job for almost a year, so that’s to be expected.

Budget

We didn’t have a budget for this last month, but we will have some information about what we are doing for July!

Savings

Where we landed at the end of June:

Regular Savings  :: $     171
Emergency        :: $      00

Total Savings      :: $   171

We had over $1000 in this earlier this year, but a vet bill for major surgery wiped it all out. So now we have a little. But a little is better than nothing!

March 2013 :: Report

Debt Reduction

Here is where we were after 3.31.2013:

Credit Card Debt               :: $    17,924.96
Taxes Owed                   :: $            00.00
Car Loan  #1                    :: $       9,381.81
Car Loan  #1                    :: $     14,949.50
Tuition                           :: $       1,705.66
Personal Loans                 :: $           00.00

Total Debt*                        ::  $ 43,683.62

*does not include school loans

Yes. It is difficult to watch that total go up. But we really did our best to get every last mile out of my old car (yay for getting past 190K miles!) and it was time. So, now I have a safe car, with good gas mileage to get us around. This is life.

Budget

Guess which category we struggled with? Yup. Food. Sigh…

We also had a lot of pre-summer camp fees to pay for registration, so there was a bit of spending there, but we’ve got that budgeted, so it isn’t like we weren’t prepared.

Savings

Where we landed at the end of March:

Regular Savings  :: $     165
Emergency        :: $      00

Total Savings      :: $   165

That’s $25 less than we wanted and a lot less than we wanted for the Emergency Fund, but the new car purchase impacted quite a bit of that.

I’m back, but without the stabby…

Hey there!

I can’t ever hear the words “I’m back” without seeing Jack Nicholson’s face at the door, so I wanted to clarify that my declaration was not of the murderous variety, but just to let you know that while I’m not going to be able to blog up to the level that I want, I can am going to try to do the monthly updates AT A MINIMUM.

Here are the updates:

  • My husband got a job at the beginning of the year after 10 months of not working! (slightly more income than unemployment, lol)
  • Our adoptions were finalized! (losing our foster care payments, but gaining two special needs kids)
  • I’m on track to graduate this year!
  • Our car is breaking down (my husband is the total champ, filling it with water everyday, instead of paying the $2,000 to get our 11-year-old, 190,000 mile Saturn repaired).
  • We’re hoping to move this summer to a place that has storage and a yard (rental – we’re in no position to buy).

There’s the brief update – thanks for hanging in there if you are still reading!

February 2013 :: Report

Debt Reduction

Here is where we were after 2.28.2013:

Credit Card Debt               :: $    18,723.66
Taxes Owed                   :: $            00.00
Car Loan                        :: $       9,381.81
Tuition                           :: $       1,705.66
Personal Loans                 :: $           00.00

Total Debt*                        ::  $ 29,811.13

*does not include school loans

_______________________________________

Budget

I’ll have to come back to this – I wanted to get an update out there and not have anything else delay me, so this will wait 🙂

Savings

Where we landed at the end of February:

Regular Savings  :: $     140
Emergency        :: $      00

Total Savings      :: $   140

Numbers Update :: 8.15.2012

The Numbers

And here is where we are at as of 8.15.2012:

Credit Card Debt    ::  $ 21,095.20
Taxes Owed              ::  $          00.00
Car Loan                     ::  $ 11,275.68
Tuition                        :: $     1,705.66
Personal Loans       ::  $          00.00

Total Debt*              ::  $ 34,076.34

*does not include school loans

Budget

We put together a budget in mid-July as we found that things had calmed down enough to start taking a serious look at what was going on with our money.

Savings

Here is where we are in savings

Regular Savings  :: $      35
Emergency           :: $    208

Total Savings      :: $    243

 

February 2011 :: Report

Debt Reduction

Our goals for February were:

Credit Card Debt      ::  $ 20,472.35
Taxes Owed            ::  $          00.00
Car Loan                 ::  $ 15,690.11
Personal Loans       ::  $          00.00

Total Debt*              ::  $ 36,162.46

And here is where we were after 2.28.2011:

Credit Card Debt     ::  $20,467.93
Taxes Owed         ::   $       00.00
Car Loan              ::   $ 15,689.60
Personal Loans   ::   $       00.00

Total Debt*             :: $36,157.53

*does not include school loans

Budget

Since I moved over to Quicken, I’m still trying to figure out the budget reporting – it isn’t working the same way as I was used to with MSMoney. But, from what I could tell, things went really well – we will see!

Savings

Savings Goals for February:

Regular Savings  :: $     120
Family Leave       :: $    600
Emergency           :: $    717

Total Savings      :: $ 1,437

Where we landed at the end of February:

Regular Savings  :: $    26
Family Leave       :: $  520
Emergency           :: $  702

Total Savings      :: $ 1,248

Not as much as we wanted, but, still, we’ll continue to work on it.