Well, we did it. Paul and I sat down last night with a pile of paid bills and looked at where our money was really going each month. We wrote down every single bill, how much per month it is, and when it is due. We wrote down every single person we owe money to.
The good thing is, I was actually right about how much we owe to others! That means that I am being realistic when I think of our financial situation. There is no denial here.
We also set up a grocery budget of $500 per month and a gas budget of $240 per month. Anything left over there will go directly towards our debt.
Here is another exciting thing...we already have Babystep 1 complete...$1000 in an emergency fund. That means we can begin to work on our debt today!!! And, with this process comes the realization that the $67 we pay to DirecTV each month is a luxury we are willing to forgo to complete this process a little faster. That is now going to be $67 extra toward our financial freedom!
Like Dave says, "Live like no other, and later you can live like no other!" I am ready to "Live like no other." Let's do this thing.
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