Dumping Debt: 2nd Month

Ok here's the scoop about "dumping debt" in February. Again, sorry it's late...these posts will most likely always be a little behind. 

If you follow my blog you will have seen that February was a rough month. We lost two people in our lives and it definitely took it's toll on us...in basically all areas. Financially speaking it totally busted our budget, but with God's timing it all worked out. Just like it always does when he's in charge (why is it hard to remember that?)

The reason we went over (by hundreds of dollars) is because of our trip to Corvallis for our friend's funeral. In which I stayed 10 extra days, resulting in additional purchases such as; groceries, Andrew's train ticket back up to Canada, gas bought for both cars since Andrew then headed back down to Oregon the following weekend for military training, outings while in Corvallis and so on and so forth. Of course it was totally worth it and we both agreed with all of this but if you take a look at our paperwork for Feb it looks like a total mess (from a budgeting standpoint). Now, your wondering where Gods grace comes into all of this? Well at the end of January or maybe it was the very beginning of February, we had cashed out all our points from credit cards, (so that we can cancel them and not continue to go into debt). That money was initially tagged to go straight to loans...however it was used for the extra expenses this month required instead, hence Gods timing for cashing out the points was perfect. Thank you for that blessing Lord.

Positive experience this month: First: chatting with a friend and her husband while we were in Oregon, who had originally peaked my interest into Dave Ramsey back in June of 2012. It was fun to see their excitement for us as we explained our goal of being debt free before Andrew turns 30 and we really enjoyed chatting with someone who really understands what we are doing and totally agrees with it. 

Second: because we are on a budget we feel we have more control over our money, this allowed us to make a much needed unexpected donation this month. I don't want to go into much detail about the donation but we used some of the extra money that we would have put towards loans, for that donation instead. It was my Husbands generous spirit that guided us to decide to do such a thing and on the amount to give. I'm glad we did it, even though at first my strict nature wanted to see the amount budgeted for loans to actually go towards the loans. I've put this in the "positive category" instead of "unexpected expenses" because it was a blessing to be able to make this donation, and we feel it was only because we are more aware of our finances due to our Total Money Makeover.

Challenges/Unexpected expenses this month: as you read above, our trip to Oregon incurred extra expenses.

Helpful tip from this month: again I can't write a post without mentioning grocery shopping, seeing as that's where I spend most of our money, other than paying bills. I can't believe the difference in buying products when I'm actually paying attention to what I am buying. For example my favorite apple is Honey Crisp....oh they are SO delicious! But at Winco, the last time I was there they were over $3 a pound...when Gala, Braeburn (they seem to rotate) are only $.98 a pound! I had no idea there was such a difference...and the taste isn't that bad, only a small sacrifice to pay to be debt free...haha. Anyway, if you really pay attention while your grocery shopping, you can save lots of money.

Poor Little Guy

Malachi's had a rough couple of days...Monday evening we took Malachi's temp, after getting him ready for bed and realizing he felt a little hot, it was 103.3. That night and the next day it fluctuated with the highest being 104.3. It was so sad seeing him not as himself, really sad when Andrew came home from work and Malachi just cried instead of running to him and cheering with delight. The only thing we can think that caused the fever are the shots he received last week, probably the MMR, from what we've been told. But today he woke up much much better...but then took his first tumble right after my doctors appointment (baby #2 is doing great BTW). Thankfully he's sleeping peacefully now and tomorrow is a new day!

 

Managed to find some sun

Malachi and I joined our friends for a walk and the sun came out for us! It may look cold due to the coats we were wearing but it actually ended up being a beautiful day, until the rain started up again in the evening.

Fat Tuesday

It seems these days when Andrew has the entire weekend off, we act as if it's a special occasion...I mean I guess it sort of is, Malachi and I both love having him home, as well as Andrew himself. 

We decided to start Fat Tuesday early by indulging in some delicious homemade cinnamon rolls, made by Andrew himself. They were SO good! And lets not forget the popcorn we made and the tub of ice cream in the freezer we finished. And believe me we've already set plans for the food we're going to eat tomorrow.... very much looking forward to Lent starting and limiting my sweets intake (February has been brutal in that way!)

First time in our married lives we actually got through a whole game of Monopoly, Seinfeld version. Try to guess which side of the board belongs to who...

Dumping Debt: First Month Down

I've tried writing this several times and keep getting stuck...then with being out of town for the last 10 days I continued to put it off. Well here it goes, even if it is a month late.

SO, we survived our first month on a budget! It wasn't really that bad...we did have some surprises come up, but like I said we survived and we were able to make a nice big payment on one of our loans...oh it felt so good. Kinda nerdy, I know, but it's fun!

Beginning of January: First Budget Committee Meeting.

Almost a year ago when we first attempted to live on a budget, we came up with some numbers to stay within (very generous numbers cause we had no idea where to start) and found an app on our phones to keep track of what/where we spent money. Needless to say, it was a disaster, we kept using the excuse that we didn't really know what was realistic so if we went over it was OK. Plus, if I remember correctly, we didn't name every dollar. Meaning we didn't allocate all of our income into categories, so that at the bottom of the budget page, income to outgo didn't equaled zero. We only created a couple of categories, like food/gas/utilites/rent. Basically, we half heartily made a budget and then didn't even stay within the budget amounts. But our biggest mistake, was that we didn't come together at the end of the month before the new month started and go over our budget. Essentially, we had already given up.

BUT NOT THIS TIME! Here is proof: (second budget meeting)

Budget Committee meeting for February

This time we made sure that every dollar that we earned in January was accounted for, we made enough categories this time to do so, which helped us tremendously. By doing so, we created an actual budget, and even though it was our "first" month we tried very hard to make each budgeted amount realistic and forced ourselves to stay within those means.

Positive Experience this month: Grocery shopping! I have always felt like I spend so much money when I go to the grocery store. This time it was so nice to have Andrew with me (he took the afternoon off for our ultrasound appt in Bellingham) to help stay on budget. I had made a list of items we needed to get and made a column next to each item to write down the price of that item and price per unit. With his help we were able to keep a running total while we shopped. And guess what? It worked great! We had budgeted $100 and our running total came to about 40 cents off the actual amount paid, which was $91.75. We were even able to buy a couple of unnecessary items (like chocolate chips for cookies) because we knew how much money we had left in our budget, before we even checked out! We were so proud of ourselves =)

Challenges/Unexpected expenses this month: For the month of January we had two unexpected/additional expenses: a speeding ticket we had received during Christmas break and an ultrasound bill payment that we didn't know our insurance wouldn't cover entirely. We placed them in our debt category and paid them off right away since they were our smallest debt. Then used the rest of our budgeted money for debt to put towards our other two loans. It really wasn't that big of a deal but kind of a bummer that our very first month we couldn't put the entire amount budgeted for loans toward them exclusively.


Helpful tips from this month: We created a category in our budget which included: Auto insurance, weddings this summer and our baby's birth. These are things that we want to have extra money saved for when they come up. For example we don't pay auto insurance monthly but we are putting money away every month for when we need to pay that bill, which is quarterly. Weddings and birth are things we want to have money set aside for. What was very helpful for me, seeing as I am a visual person, is we transferred this money to a different bank account. That way, at the end of the month this money wasn't sitting in our main bank account, seeming like we have extra money left to go towards loans. I needed to see the money go somewhere, in order for it to feel like it was being used. I hope that makes sense and I would highly recommend doing something like this if you need to put money aside and have troubles seeing that that money is already accounted for.

Alrighty well that's the scoop on our first month. February is soon to come, hopefully.

Family Day Weekend

This weekend has been a blessing in disguise. We were supposed to go to Corvallis for Drill and with last weeks news we wanted to go anyways to see friends and family but the weather was so bad that drill was cancelled and we decided to stay home. Andrew had all three days off (including today) because it's a Canadian holiday: Family Day! 

I very much appreciated having Andrew home and just spending the weekend together hanging out.

We even checked off some items on our 2014 To-Do list:

Went through some boxes in our Garage, Andrew found his graduation hard hat, Malachi found one of our old cell phones. He loves that it makes noise.

I think Malachi is talking to one of his cousins. (Started using cloth diapers this week too)

We finished our monthly pics of Malachi's first year, thanks for Andrew's help with sizing issues. I love having a handy husband. Lighting is kinda funny in this picture, it looks much better in person.

And we've enjoyed lots of treats (bbq'd steak, burgers, ice cream, blondies, homemade popcorn), the Olympics, movies, episodes from The Guardian, skyped Andrew's parents with his Grandma and Aunt in Germany this morning, and of course playing with Malachi. Here are a couple of random pics:

He loves his blankets.

Enjoying his new books he got for Christmas.

I guess we have a backup in case we lose his pacifiers.

In God We Trust

It's very hard to lose a loved one. But I have to remind myself that God will never give us anything we can't handle, He's in charge, and He knows what is best for all of us; even if we don't understand or agree. This past week Andrew's Grandpa in Germany passed away and yesterday we found out a very dear friend of ours passed away in a car accident. Of course it has been very hard, but with God's grace we will make it through. 

For now we can remember the good times we had and pray for mercy on their souls, as well as their family and friends. 

Friedrich Schaal or Opa

I had the pleasure of spending time with Omi and Opa in Germany on our honeymoon, they treated us much better than any resort...look at all that food (and that's only breakfast)!

If I remember correctly, we were laughing because we tried taking MANY pictures with Opa looking but he was consumed with finding a phone number instead.

We managed to get this good one. All of us had just eaten an entire carton of cappuccino ice cream, needless to say we gained several pounds on this trip! I feel so blessed to have spent this time with Opa, Omi and Andrew's Aunt Christiane.

Dominic Schlundt

Andrew and I met Dom at the Newman Center in Corvallis. This is one early morning fundraiser at St. Mary's, making doughnuts for our trip to San Francisco for the March for Life, many years ago.

Andrew and I went with Melissa to drop Dom off in Bend for his deployment.

Last April all of us (friends from Corvallis) spent the weekend at the Oregon coast. It was such a fun weekend with them. It made me miss everyone so much! I'm glad we had this time together.  We are thankful for our friendship with Dominic. He was a genuine, devout and humorous friend and role model.

Opa and Dominic, you both will be missed dearly.

 

"For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life." -John 3:16