:::: MENU ::::

Ashley’s June 2016 Debt Update

by

I’m really excited about this month’s debt update! I’d originally hoped to put a solid $4,000 toward debt this month and, although we didn’t quite hit that number, we did put a full $3,500 toward debt!

I know I’ve said this before, but moment of silence for that huge, astronomical number!

((((((silence))))))

Thank you! I just like to acknowledge that $3,500 is a ton of money!

If the average American household income is $55,000 (source), then this represents roughly a full month worth of net income for the typical U.S. family. Craziness!

See for yourself…

PlaceCurrent BalanceAPRLast Payment MadeLast Payment DateOriginal debt, March 2014
Navient$698266.55%$2955June$74218
ACS Student Loans$85966.55%$20June$8215
Balance Transfer Student Loan #2$68500% (through April 2017)$500June$7650
Medical Bills$57860%$25June$9000
Balance Transfer student loan #1$00%-Paid off in March 2016$5937
PenFed Car Loan$02.49%-Paid off in January 2016$24040
License Fees$02.5%-Paid off in April 2015$5808
BoA CC$07.24%-Paid off in June 2014$2220
Mattress Firm$00%-Paid off in May 2014$1381
Wells Fargo CC$013.65%-Paid off in May 2014$7697
Capital One CC$017.9%-Paid off in March 2014$413
Totals$91058 (May balance = 94,292)$3500Starting Debt = $145,472

Two things excite me about our debt update this month:

  1. We’ve dipped into the $60,000s for my Navient student loans! I know we still owe a ton, but it’s SO exciting to finally hit a new first digit! The entire time I’ve been blogging Navient has been up in the 70,000s range, so this is a huge deal to me! To be fair, it’s only within the current calendar year that I really started tackling the student loan debt-mountain! (note – I was paying toward student loans all along, but not at a very aggressive rate, as I had prioritized other debts first). I can’t wait to continue seeing this number drop!
  2. We’re super close to hitting a new first-digit of our overall debt! At $91,000 currently owed, we should definitely but down into the $80,000s range by next month! EEEK!!! Again (I must emphasize this for newer readers), I know this is still a disgusting amount of debt. But when I started blogging I had nearly $150,000 of total debt, and it feels like just yesterday when we broke the $100,000 barrier, so the last $10,000 has gone in basically the blink of an eye (ahem – it’s actually taken 5 months, but whose counting?)

I’m really feeling the momentum now and it seems like the debt is just melting away! We still have a LONG way to go, but I’m feeling refreshed and rejuvenated! We’ve had great pay in June (budget update coming soon!) and expect to have great pay in July as well. That really helps as we’re working on pounding out a lot of these student loans.

Also, I’ve grouped all my Navient loans together just for ease, but I’m actually paying them one-at-a-time (first I targeted the highest interest loans, and now that all the remaining loans have the same rate I’m targeting them by smallest first – the snowball method). I’ve actually paid a couple in full lately and it feels SO SO good every time I log into Navient and see another loan with zeros all the way across for amount owed and upcoming payments. These are just the kind of emotional “wins” I need to really feel like we’re on the right track. And it feels GREAT!!!

Next steps – build EF and buy a freaking house!!!

 

4th Birthday Extravaganza!!!

by

This weekend we celebrated the girls’ 4th birthday! This was the first “real” birthday party we’ve ever had for them. In the past, we’ve only ever done small at-home things with our family. It’s been very small (as in, me, hubs, and the girls with a 4-pack of grocery store cupcakes; no decorations and minimal gifts). But this past year changed things. They started attending other kids’ birthdays at all these fancy places (gymnastics world, indoor trampoline place, etc.) and now that they totally “get” the concept of a birthday party, they really wanted one of their own.

We started off wanting to go low key – a simple backyard birthday party. But things kept getting bigger and bigger. As they do. It’s hard to keep things in check!

Things can be tricky with a twin birthday, too. The party is basically “shared”, but I wanted a couple little touches that made them feel special as an individual, too. So, for example, we got 2 cakes:  one for each girl. One was chocolate and one was vanilla, so it was kind of nice to have those different flavor options, too. We ended up ordering the cakes from a local bakery so it was a bit more costly than our typical go-to (a homemade cake or a Costco half sheet cake), but still under $80, tasted incredible, and with gorgeous decorations so not too bad.

image

image

Because of the terrible Tucson heat, we knew we needed to incorporate WATER into the party. Our theme was actually an “Under the Sea” theme (side-note: it worked out really well that Finding Dory just came out in theaters because decorations were super easy to find in mainstream stores like Target and Walmart without having to order more $$$ Etsy options). I bought this inflatable pool from Amazon for $30 and it was a HUGE hit! It was much larger than you’d think and had 2 little water features (not pictured below because it was just being filled up at the time). Plus, it was still shallow enough that I wasn’t nervous about kiddos drowning.

image

But probably the star of the party was our backyard inflatable. It ended up taking up WAY more space than we’d thought. So much so, that we ended up having to push the seating area (we borrowed some folding tables and chairs from a friend) to the side of the house. Kind of unconventional, but it was literally the only space! The kids freaked out (in a good way) over the bounce house! It also had water attached to it – it was designed to drip down the slide, so it became a water slide.  We did have one child slide down too fast and hit her nose, causing a nose bleed (no good party is immune to drama, right?), but it wasn’t bad and she recovered quickly.

image

Overall, we (obviously) spent more than any other birthday, being that we’ve never done a party before. But it wasn’t too bad, either. I still did a lot of homemade things to try to cut costs where I could.

I made a “seashell” pasta salad and a homemade fruit salad instead of buying a more costly fruit tray; I purchased a 5′ party sub for party guests, but I also home-made a ton of PB&J sandwiches for the kids that I used a cookie-cutter to cut into fish shapes (the homemade sign said “peanut butter and jellyfish sandwiches”).

image image

In that empty space I put out little jello cups I’d made for the kids. It was super cute – blue jello, one gummy Swedish fish (sunk in the “water”), and a gummy lifesaver ring (on top of the “water”). I can’t steal the credit – it was a Pinterest idea.

image

I also stole a few other ideas from Pinterest for super cheap homemade decorations made from crepe paper and blue scrapbook paper.

image

 

 

 

 

 

 

 

 

 

 

 

 

I haven’t calculated final costs of everything, but there were really only two “big” costs:

  • Bounce house rental, $150
  • Cakes, $75

Everything else was pretty inexpensive (at least on a per-item cost basis). However, we sure did have water running for a solid 2 hours, so it will be interesting to get our next water bill.

Once I reconcile the budget I’ll update on overall costs (in my next budget update post). I’d guesstimate that everything together was in the $600ish range, but I know those last minute grocery trips all add up, so we’ll see.

What do you usually do for kids’ birthday parties? How do you keep costs down for kids’ parties?