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:
- April 2017 update
- March 2017 update
- February 2017 update
- January 2017 update
- December 2016 update
- November 2016 update
- October 2016 update
- September 2016 update
- August 2016 update
- July 2016 update
- June 2016 update
- May 2016 update
- March/April 2016 update
- February 2016 update
- January 2016 update
- December 2015 update
- weekly FPU updates
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.
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.
More Money-Related Posts
If you want to take control of your finances, I’d suggest the following books:
- The Total Money Makeover by Dave Ramsey
- Retire Inspired by Chris Hogan
- Smart Money Smart Kids by Dave Ramsey & Rachel Cruze
- Love Your Life Not Theirs by Rachel Cruze
- Business Boutique: A Woman’s Guide for Making Money Doing What She Loves by Christy Wright