Sunday, March 6, 2011

Luck

We finally paid off our Student Loans.



Even though I don't quite know exact details for every week that we were scrimping and saving, I do know this, the stars and the heavens aligned and we are officially out of debt. (Still have house and 1 car debt, but those don't count in unnecessary debt) I wish I could say that I had a life changing experience going through these last couple of months, but I really didn't. All I can say is we were prepared(food storage and a menu plan), we had a goal (get out of debt), and then we tried and tried and tried. I say tried three times because I know one week we went out to eat three times to crappy fast food places because we had no food in the house and it was one of those weeks. Needless to say we survived and learned that we can stick to a goal, we can fail and then try again, and we sometimes come out on top.

We actually were able to pay off the loan a little quicker than we thought because we got a refund from taxes. Thank Heavens because I don't know how long I really could have survived on so little. I'm not as talented as my mom or sister in making something out of nothing. I am definitely not as good with money as I would like to be and it was good to see that even I can pay off something early, if I make up my mind and stick to it.

Monday, January 17, 2011

Living on faith and $50 dollars a week

So, Aaron and I have had student loans we have been paying off since he graduated from BYU. 10 years later I am officially tired of them hanging around. I have made a goal to only spend $50 a week on groceries and put our extra money towards our student loans. Can I do it? Only if I am accountable, write it down on my blog and have some peer pressure follow me around!

Here is my idea in a nutshell

$150-$50=$100 into Student Loan. $400 a month into loan and loan will be gone in 4 months instead of being gone in 10 months.

To start I organized my meals and food storage to align with the stars and here I go!!

I will let you know how it goes! wish me luck!!!