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A Big Weight Off


I’ve mentioned before that I do my forecasting out a quarter at a time. (It’s just a simple Excel spreadsheet.) I include all my regularly budgeted items, any extras I know about (birthdays, holidays, travel, etc.) and my income based on current contracts with clients.

As I continue to go full speed ahead with debt payoff, I spent some time this weekend creating my forecast through the end of the year. And you will never guess what…

I am finally at a place of stability again…by that I mean, if I maintain all my current on-going contracts, I will make enough to cover all my currently budgeted for expenses for the rest of this year!

That is such a weight off my shoulders, especially as we have been living paycheck to paycheck for so long. Obviously, there are no guarantees, but right now, my financial situation is stable, my income streams are varied and I am very hopeful for the long term.

The Caveat

There are a few caveats to this and one is glaringly obvious, at least to me:

I do not have a car, car payment, fuel costs or car insurance in my budget. (Well, I do have car insurance but it is minimal since Sea Cadet and I are both insured on his car.) That will have to change in the next couple of months somehow.

But for now…I can breathe. And I don’t have to count every single penny, although I am.

Switching to a cash only budget has made a big difference to me. There’s something about seeing the dollars in my purse dwindle that keeps me from spending on things that are wants rather than needs.

There is definitely something about seeing positive numbers in my forecasting and money in the bank that is very motivating. What keeps you motivated?


  • Reply Akasha |

    It’s not just my daughter, boyfriend and stepkids that keep me motivated. It’s a lot of motivational speeches online, too. If you go to YouTube and type motivational speech, wow, they’re awesome. My two favorite debt payoff youtubers are Rachel Lyn and Q makes it happen. Q collects cans on top of working three jobs. He’s really tempting me to start doing that, but never says how much he gets

  • Reply Cwaltz |

    It’s probably time to start considering what the budget for the car will be. I challenge you to set your allowance for debt on a vehicle to NO MORE than $4700( the amount your car had left on it before it met it’s unfortunate demise).

  • Reply Lisa |

    Good for you for finding what helps you. I find that using cash keeps my spending in check, for sure. (Got into that habit when Aldi used to only take cash.) Sometimes I forget to get cash, but nobody’s perfect. Habits take time to develop, so just stick with it. It’s all the little steps that add up to miles. 😉

So, what do you think ?