Monday, July 1, 2013

I am alive and well and almost debt free

breaking the debt chains
It has been around 4 months since my last post, but I am back!  We have made a ton of progress since my last update post and it will take a few blog posts to get you up to speed.  I don't really have any great excuses why I took a break from blogging.  Part of my absences was due to my job, part was due to the baby, and part was due to the stress the blog added to my life.  The blog itself wasn't stressful, but thinking about the debt added stress that caused me to avoid writing about it. I had a crazy few months at work getting through a major project and with the addition of the baby to our family, I found myself avoiding any additional stress.  Although the debt number was manageable during this period, we also had a lot of transition in our family, such as preparing for my wife's retirement and becoming a one income family.  This created some initial anxiety for me because we don't have much of a financial safety net because we have been putting all of our resources into paying off the loans.  Also, the faster the loans are paid off the faster we can begin saving and transitioning to one income.  With all of this said, we have still diligently made progress towards are goal and are just about debt free.  However, we changed our strategy some and have been leveraging an interest free credit card to free up cash. After doing it for a couple of months, I'm not sure how I feel about it.  More on that later.  Here is what to expect from me over the next couple of weeks:
  1. 4 month update - Feb, March, April, and May
  2. Change in strategy
  3. June Update
  4. How having a baby has impacted our finances
  5. Getting hit with a $2500 tax bill
  6. Pulling thousands of dollars out of our couch - Very excited about this post
  7. Transitioning to stay at home mom family