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Credit Card #1 is GONE!


Nice start to the month! I’ve paid off my first credit card since our relapse of going back into credit card debt.

I’m planning to do a modified snowball method, and CC1 (Home Depot) was our lowest balance card. I set the payment for a few days before the end of February. And when I logged in to check things out this morning, it looks like all has cleared and our new balance is $0.00!

After my last payment of $277.98, I can officially say that Home Depot is OFF our debt list and we can move on to our next target.

Right now, our next target is our Bank of America credit card, on which we owe just under $2,000. But at some point, we’ll likely have to change focuses to our Citibank card (which was actually a balance transfer of a student loan to get it away from Navient and lock in a 0% interest rate). The Citibank card is due in full by October of this year, so although it’s been on the back-burner (again – due to the 0% APR), we’ll have to pick up payments here soon so that it’s knocked out by the due date.

Baby steps, right?

At any rate, I’m glad to have one less monthly debt on our list.

Have you recently paid off a debt? What’s a current debt you’re working on tackling?


Budget Start-Over


Happy first day of March!

I hope all are doing well! I always like the first day of a new month because it feels like a mini “refresh” of some sorts. A fresh month, fresh budget, fresh chance to get it right.

And I’m in a bit of budget start-over mode over here.

I belong to a Dave Ramsey group on Facebook and took a screen shot when someone posted Dave Ramsey’s suggested budget percentages:

(I later found the image on Dave’s site HERE, just to give proper credit).

Here’s how it all breaks down:

Cumulative Total92% – 167%


Unfortunately, there’s such a huge range that the cumulative total ranges from 92% to 167%. That means, if I were to use this budget as a model, I’d need to stay on the low end for most of these categories.

But when I sat down and started trying to put pen to paper to see how this sample budget would work out for my household, I realized it just doesn’t. Why?

Because we still have a disgusting amount of DEBT, that’s why!

Notice there’s no “Debt” category at all in this budget! Sooooo maybe this budget is for people who are already debt-free??? Our debt takes up a huge percentage of our take-home pay (roughly a third). Plus, the budget above seems to be operating on gross pay but I typically budget using net monthly take-home pay (insurance and required retirement contributions are already withheld from my paycheck).

At any rate, this seems like a good starting point but I would love some tips or pointers! I’m really at a start-over here with our household budget, trying to make it all make sense. Now that hubs is working, a bit of the stress is off because he’s been able to pay for most of his own expenses (fuel, personal money, eating out, etc.). But we’re still not in a great financial position and I’m beyond ready to get a better handle on our finances again!

Any tips for budgeting suggestions, links to websites, books, etc., with suggested budget allocations that work for someone whose still in debt??? Is it