Friday, May 6, 2011

We Are Not Dead



Wow, it has been a while! We have some good news and some bad news.

The good news is, we're still alive.

The bad news is, our debt-killing has slowed a bit.

The month of March was amazing thanks to tax refunds and rapid reduction in debt. Then April hit and things slowed a bit, money-wise.

Don't get me wrong, we've actually been busier than ever. We moved in together and downsized from Kyle's 3-bedroom house to my 1-bedroom apartment. Kyle has been working major overtime, and I have been preparing for art show season as well as the launch of a new product line. With new business ventures comes new business investments and therefore involves spending money. The hope, however, is that it will also lead to increased income in the long run.

Now that we have downsized, the next thing on our list of things "To-Do" is to get Kyle's house all fixed up so that it can be sold or rented. The financial burden of investing in home improvements is completely worth the freedom of no longer having a mortgage to pay. Today we went to Sam's Club and, unfortunately, had to put about $950.00 worth of flooring on a credit card. It felt horrible at first to have made such strides in debt-killing only to have to take a huge step back, but we know that new flooring was a necessary evil in order to eventually get rid of the house completely. So, we dove in.

Along with getting the house fixed up we have a couple more debt-battling plans:

  • Minor improvements to my car in order to sell it
  • Having another yard sale (if the stupid weather would cooperate), then donating or throwing away whatever doesn't sell. It's amazing how much junk can weigh you down!
  • Moving my massage studio to a new, hopefully more lucrative, location
  • I will be switching health insurance plans to a lower premium plan beginning in June. I recently received notice that my monthly rate would increase from $169/month to over $220/month (redonkulous!)
So that's what's going on with us these days. We want to thank all of you who have been following our journey and apologize for leaving you all hanging. We will try to do better at keeping you all updated.

Also, we would love to hear what kind of money-friendly steps you all have been taking in your own lives. Share your wisdom!

Talk to you SOON,



P.S. Monthly progress tracking will be updated soon!

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