When you start off having a large sum of money to pay off like we did (over $70,000), it can seem completely overwhelming. Before we laid out our game plan, my husband couldn’t wrap his brain around how we would ever get out of debt, let alone be debt free in 24 months! You have to celebrate milestones and I think celebrating ones big and small are so crucial to you being able to continue what feels like a marathon.
So, yeah. As of this month (May 2017) we have paid off right around $9000 in 3 months. I’ll post exact numbers when I do my May Progress Report. But, it feels amazing and it really gives us some real perspective on our headway. I like to think in percentages so while that’s only 13% of our end goal, it’s still an awesome achievement.
One of the coolest things that’s happened in the last 90 days has been this new found partnership happening in our marriage. I’m the natural numbers person but slowly I’ve seen small changes in the way my husband thinks about our finances and it has truly made our relationship stronger.
Just yesterday I was discussing a strategy for saving extra money on future vacations that I was reading about and Stephen said, “You know, we have a good thing going. I don’t want to mess up our progress by trying to do too much at one time.” I appreciated his honesty, but mostly I enjoyed knowing that he was really thinking about and considering the best way to accomplish our financial goals.
I wasn’t planning for this post to take this turn but as I’m writing I feel like I just need to say it. If you are married and trying to get out of debt but you feel like you may never get your spouse on board, please don’t give up! Nothing changes overnight, but small changes over time can make a huge difference down the road. Full disclosure, there were days before we started this journey that I wondered if we would ever get on the same page. Now, we’re just barely a tenth into this thing but I can really see the major a progression happening in areas even beyond our finances. I think it’s so important to share things like this, because finances leak into so many other facets of our lives. If we turn a blind eye, it can destroy so much more than we realize. It freaks me out a little to be so honest in such a public way, but I know in my gut someone else needs to hear the not so social media perfect side of things.
I actually have a success story from a lady I will be sharing soon where she pulled most of the weight in her marriage’s debt free journey and it wasn’t until close to the end that her husband finally got on board. She never gave up and I find her story so admirable. I’ve spent the last 6 weeks or so quietly networking and interviewing these total strangers who are ordinary people, but have done extraordinary things with their finances. I’m thrilled to share those interviews with you guys in the coming weeks! With that said, every story is different, some people just need to put a good budgeting system in place, some people need accountability, and some people may need to get in some kind of program like Dave Ramsey. Don’t ever be ashamed to figure out what works for you. Progress is progress, no matter how small.
P.S. I’ve have a private facebook group that I’ll only be allowing subscribers access too. If you want to be a part of a community where you can ask financial questions, get advice and feel encouraged be sure to subscribe to The Humble Wallet’s email list! I will get you all the info to join the group!
P.P.S. I’m not going to beg, but if you are actually interested in following our journey and/or casually internet stalking. You should probably just go ahead and like The Humble Wallet’s Facebook page. Just sayin’. If not, no hard feelings here. I’m not really into being poor, but I totally get it if that’s your thing. [pretend there’s a smirking emoji here]