Our Financial Peace Journey: May 2017

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If you are new around these parts, the Mister and I took the Dave Ramsey Financial Peace University course through our church at the end of 2015. We have a goal to knock out the remainder of our consumer debt in 2017. You can catch up on our journey by checking out our previous recaps:

May Budget

When I was reviewing this month’s expenses, I realized this is one of those “big expense” months because our auto insurance renews. We also had two college graduation gifts to purchase, and because my family was in town from Washington for those graduations, we had higher entertainment expenses.

I think we need to do a better job of planning ahead for some of these expenses – especially the insurance, which we know renews every six months. It’s time to start cash envelope and set money aside each month so the renewal won’t be such a big chunk of our extra income when we renew again in November.

We're on a journey to become debt-free; here is our May 2017 Financial Peace update.

May Victories & Blessings

I have to say that I’m pleased that we’re bringing in extra income each month because we’ve had quite a few surprise repairs and such since the first of the year.

However, I think we’ve gotten a little too complacent with our debt snowball. It’s time to put our foot on the gas again – I really want to see our Mastercard paid off this month. It’s time to start soliciting extra work on the weekends and really evaluating our budget for extra savings.

We're on a journey to become debt-free; here is a quick budget recap and our financial peace journey update for May 2017.

 

If you want to take control of your finances, I’d suggest the following books:

Or go online to www.daveramsey.com to find a Financial Peace University course starting near you.