$2,600 down $168,000 to go

I started YNAB in July of 2020.  We had been struggling to get out of debt since April, yet we were just getting deeper into debt. I would try and budget using excel but it just didn't work for me. I'd see what I have in the bank and spend it. Hello living paycheck to paycheck. Hello credit cards who are mostly maxed out. 

 

When we found YNAB we decided lets take our first ever family vacation, and pay for it completely in cash. Well, that's what we did. We save up $1,000.00 Emergency fund, then $3,000.00 for a one week vacation for us and our two kids. We had a blast and stayed with in budget. 

We then needed to pay for Christmas, we had nothing saved. Once again thanks to YNAB, what i would usually use credit cards to pay for, we paid in Cash!! We were no longer going deeper into debt, but we weren't cleaning it up either.

Mid December, it was D day. Time to pay off that debt!

We had to redo/start fresh on our budget. Before it was just our everyday/monthly expenses, and debt. 

Now we have it set up to save slowly over time for birthdays, auto maintenance, clothes, subscriptions, medical, and vet visits.  This means less money at the debt at once BUT we now don't have to dip into our emergency fund if our kids need a new pair of shoes!

Earlier this week my car started making a horrible sound. I needed all new brake pads and rotors! $440!! Normally that would have been put on a credit card. Thanks to YNAB i was able to pay for it in cash, though $250 had to come from the emergency fund, which we'll put back with this upcoming paycheck, and still have cash left over to throw at debt.

 

My husband no longer has to call me and ask "How much gas can i get today?"  Our budget as allowed me to stress less, and I'm always looking at it, thinking what else can i through at it? 

So far One credit card has been paid off, now just like 8 more to go, a camper note, a truck note, and an Home line of credit of $122,000.00. 

I can't wait to see how much better life looks when I'm not sending half my income to my debts! 

We have now paid $2,600 in just a little over a month.  

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