Paying Down Debt – September 2015

It was almost exactly two years ago when Randy and I took our first Financial Peace University class.  We entered into that room as a hopeless married couple who was $82,000 in debt {and that number doesn’t even include our mortgage!}.  Two years later, we have paid off almost half of those awful student loans.

Click here to see our new balance.

I was so so hoping that this would have been the month we hit the halfway mark, but we didn’t quite make it.  We should, hopefully, get to that point next month.  I’m still proud to say that we were able to pay off $2,637 in September.   

Here is what we did this month to go above and beyond our regular payments:

  • I had an above average month in profits from selling Bondbons {if you placed an order, thank you!}
  • I supervised a detention on Saturday morning {no, it’s not like the Breakfast Club}
  • Randy did a few side jobs of auto and house repair
  • Our gas bill was $60 less than usual {every little bit helps}
  • We {kind of} refinanced on our house {it’s a long story . . .}, and we were able to use money we did not have to pay for the month and apply it to the debt
  • There are several other odd jobs we did {such as line judging, teaching cake pop classes supervising the ACT, and being a home bound teacher}, but we haven’t been paid for them yet.  An update on those next month.

My sweet husband has worked like a dog this month, but unfortunately his construction business has not been profitable for us due to many factors out of his control. Luckily he has a steady income with teaching and the construction is just supplemental. This has obviously been quite frustrating to us, but I have faith that October will be a better month.

I want to mention that if we just worked our teaching jobs, we would be able to pay off about $1,000 a month.  That’s not good enough. To pay our debt off faster, we have to do some major overtime. We have to be intentional.  We have to cut a lot of luxuries out of our life.  We have to watch every penny.

I don’t share what we do and how we pay extra to brag.  I share this each month to show the masses that this is possible.  Hopefully this is an encouragement and inspiration.  If you look for opportunities, are willing to work, and live below your means, you will be surprised at what you’re able to accomplish.  Between teaching full time, being a mom, a wife, a small business owner, a volunteer, and working extra jobs, I get about 5 hours of sleep a night.

I love my sleep, but right now, I love seeing the balance of our debt go down more.

Stay tuned for our next update on November 1st.

Love,

Screenshot 2015-07-26 at 11.57.14 PM

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5 thoughts on “Paying Down Debt – September 2015

  1. youmeanme says:

    Congratulations in paying so much down! Thank you for sharing all the extras you do to attack your debt. It doesn’t appear boastful to me but helps me appreciate how hard you work.

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  2. Smitha Easter says:

    Wow that’s wonderful! I am truly inspired by you and your husband. My husband and I also went through financial peace university and it’s really been a blessing to us! I feel like the classes were crucial to get us in the right state of mind. Do you also use the EveryDollar app? We’ve loved it! We don’t have kids or a mortgage, so it’s much easier than if we did. We started at $250k of school debt (mostly dental school loans) and now we’re down to about half. It’s been a journey but I’m so inspired by your story and willingness to open up and tell your story! Maybe I’ll share our story, too. Thanks for sharing!
    ❤️Smitha

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    • All the Everythings says:

      Awww, thanks so much for sharing Smitha. $250,000?!?!? Whoa! Good for you for getting to the halfway point. I feel like once we can hit that, the other half will go a lot faster. 🙂 Oh, and yes! I do use everydollar.com and I LOVE it. 🙂

      Liked by 1 person

      • Smitha Easter says:

        Aww thanks! Yeah it feels amazing and my husband and I feel so empowered – both as individuals, and in our marriage as a team. Great to find another EveryDollar user- we love it! I thien everyone should use it, I’m always recommending it!

        Like

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