We just started our big debt-free push on January 1st. It only took 17 days for our first major kink in the plan to happen! That has to be a record! Yesterday at 7:25am Chris called me and told me his car broke down on the side of the road on his way to work. Ethan and I jumped in the car to go get him, fortunately it was a day off of work for me. After towing the car, looking into the problem, and the huge expense to fix it (which was our first choice), we had to say our goodbyes and are now looking for another cheap car to replace it.
Dave's baby step 1 is to have $1000 in savings for emergencies. We just made a $400 online payment to our smallest student loan, it was still pending and we decided to pull that money from the land of pending and put it in our savings account. I get paid in a few days and we can scrape up another $600. It actually worked.!!We aren't financing the car, we are really excited to buy a car that we came up with the money in less than a week. Our biggest inconvenience is having both of us work and getting Ethan to daycare with one car the rest of this week.
Our plan now...buy a car and the money we don't use on the car we will put back into savings. Our extra money, intended for debt, will build our savings back to $1000 for any other emergencies that might appear in the next 17 days. When our savings account is funded we get back on the debt-free train! Choo-Choo!
We are praising God for providing. We are thankful that we didn't have to go into crisis-mode, we just made some adjustments and made it work.
Envelope 1: Still have $492 left to pay before we can open it! We'll get there...tortoise style!
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