Posts in this seriesOn MoneyMoney Makeover: August 2014Money Makeover: September 2014Money Makeover: October 2014Money Makeover: November 2014Money Makeover: December 2014Money Makeover: January 2015Money Makeover: February 2015Money Makeover: April 2015Money Makeover: … Read more
Posts in this seriesOn MoneyMoney Makeover: August 2014Money Makeover: September 2014Money Makeover: October 2014Money Makeover: November 2014Money Makeover: December 2014Money Makeover: January 2015Money Makeover: February 2015Money Makeover: April 2015Money Makeover: … Read more
So last month, Kate and I kicked it in the pants to start the Total Money Makeover.
Starting in the hole: $74,114.30. (Includes the fancy new minivan.)
Current load: $70,900 (Rounded.)
Original projected debt-free date: August 2016(!).
Current projected debt-free date: TBD
So as I mentioned in a previous post from July, the wife and I have read Dave Ramsey’s The Total Money Makeover (which I think would be a lot funnier if it had my typo and it were a “Monkey Makeover”, but I think the History Channel already has that show). So we’ve started the fun. She asked me on the 25th when I wanted to start. August first.
Starting in the hole: $74,114.30. (Includes the fancy new minivan.)
Targeted debt-free date, per debt snowball calculator: August 2016(!)
Holy. Shit.
Really?
No, really. I looked at the numbers. In August 2016, we’ll be down to our rent payment and utilities, and that’s it. (Provided no nasty emergencies come up.)
That’s unreal. Here’s how it’s progressing.
If you’ve known me for anything over about six months, you’ll know that I’m pretty bad with money. In the years since I’ve married Kate, I’ve gotten better, sure, but you can bet your ass I’m still not where I want to be. Coming out of eleven months of being out of the job market, habits slipped a bit when the paychecks started rolling in. And after a meeting with our financial planner, Kate asked me to read Ramsey’s The Total Money Makeover, which I’m doing.
Dammit, I was right in the middle of Steve Jobs by Walter Isaacson! But. The weight of our meeting with our financial planner was still hanging over my head from the previous week, and I acquiesced right away and downloaded the book on my Kindle app.