Erin Condren Life Planner – April 25th – May 1st

Now that work has picked up I’m managing two planner, a life planner – My Erin Condren, and a work planner – a Lilly Pulitzer.  How many of you use multiple planners, or do you merge everything into one?

Erin Condren vs. Lilly Pulitzer
Erin Condren and Lilly Pulitzer

They both serve very different purposes, and right now I need that.  Perhaps eventually I will merge the two, but for now it is much easier to keep work and home separate.  Work is full of all the meetings and calls I need to keep straight, as well as where I need to be.  Currently I am working remotely, sometimes at home sometimes at other locations, so I need to keep it all straight.  The Erin Condren I keep updated with daily happenings, meal plans and personal to-do lists.

This weeks meal plan was:

Monday – Chicken Patties and Tater Tots (Guilty pleasure, I was at a CPR/First Aid class until 9pm and wasn’t coming home to cook…)

Tuesday – Meatloaf and Potatoes

Wednesday – Crock Pot chicken tacos

Thursday – Pasta and Pesto Sauce

Friday – Chicken Sausages and Sweet Potatoes

Erin Condren vs. Lilly Pulitzer
Home life vs. Work life…the struggle!

I don’t want my work planner to be full of washi tape, stamps and stickers, but a little flair and motivation here and there never hurts!

I was excited to see that my local Michaels is finally starting to carry some Happy Planner supplies.  I scored some great stickers on 40% clearance this weekend.  And I have already put them to use!

The Happy Planner Stickers
The Happy Planner stickers from Michaels…40 percent off, score!

Does anyone else find that they have to actually schedule time to plan?  What is that nonsense!

Happy planning all!

Our $5 vacation fund

This year as we have set out to save save save, we still wanted to be able to create a rainy day fund without feeling guilty.  We knew our vacation week would be coming up in April, since we weren’t going anywhere we wanted to be able to make it a fun stay-cation.  What better way to enjoy a week than by being able to splurge on fun things without having to worry about the extra money we were spending?

Earlier this year we decided to start a vacation fund….with $5.  How does that work?  Easy!  Here’s how…

Neither my husband or I tend to carry very much cash on us, and when we do it almost already feels like it’s spent.  The balance is already reflected in our bank account, so any cash happening to be hanging out in our wallets feels like bonus money.  We agreed that anytime one of us had a 5 dollar bill, we would put it into the change jar/vacation fund.

Honestly, we didn’t really think it would amount to much, and we were really good about keeping each other honest.  Even if it meant that we had a $20 bill, purchased something small, and received $15 back in change…all in $5’s…straight into the jar it went!  It was hard to part with at times, but it started to feel like a game.

I received a $20 bill in a christmas card, into the jar it went.  Couple extra $1’s hanging out, toss ’em in the jar.  The hardest part was not constantly counting how much money we were gathering!  It was fun to see the jar start to fill up.

Well, last week was finally vacation week, time to break into the vacation fund!

5 Dollar Saving plan!
Our pile of $5’s!

Over the last few months we had managed to collect over $230 in 5’s!  (And a $20 and a few $1’s).  Woohoo!

Some of our vacation splurges included taking our nephew to a museum and out to lunch, nice meals out for us, a night away, a Brewery visit and a stop at our favorite bakery.

Harpoon Brewery
Fleet of beers and the best pretzels ever!
Cupcake Mojo
Yum!

I definitely think it was worth it, and we are debating whether or not to start it right back up again.  How do you create a rainy day fund?

Our Debt Snowball – March

3 months = $9,326.47 in debt paid off

I’m weeks late, but I owe you all a monthly update on our Debt Snowball.  Just to recap, in January we began our trek to being debt free by following Dave Ramsey’s Total Money Makeover.

To paraphrase, you make a list of all of your debts from smallest to largest.  You pay minimum payments on all of your debts, except for the smallest.  Every extra dollar you can spare gets put towards your smallest debt, until you have successfully paid it off.  Once the smallest debt is eliminated, you move on to the next smallest.  You are able to roll in the monthly payment you were paying on debt one, in addition to all the extra dollars you can spare, and put it towards the second debt.  This is how the snowball gets rolling.  The more debts you pay off, the more you have to put towards the next and so on and so forth.

In addition to paying off our debts we continue to put small increments into our savings account, since we are still in the process of house hunting and want to continue to see our down payment grow.

In January we started with one of the student loans still out from my husband’s undergraduate degree, with a balance of $2,993 and a monthly payment of $127.  We were able to scrimp and save and really scrub our budget and were able to put $1,520 towards that loan.  I couldn’t believe we were able to come up with that much extra!  It cut the loan in half!

Come February we paid off the balance of $1485, and celebrate having paid off our first debt!  Now we took that monthly payment of $127 and were able to roll it into our next debt.  Next up with a credit card with a balance of $1895 and a monthly payment of $60.  In February we were able to contribute $3,073 to our debt snowball.  Yes, this is a huge amount.  No, we did not just have that much extra laying around.  There were a couple of contributing factors.  My husband received a stipend for his part time coaching gig, and I received an unexpected bonus from work.  Since these are not income amounts that we budget, we just took them an applied them directly to our debt.  At this point, two months in, we had paid off $4,593 in debt!  It felt amazing!

Now, welcome to March!  Our second, the credit card that started with a balance of $1895 was down to $315.  It was a small enough amount that we were excited to pay that off quickly.  By March 3rd we were able to celebrate having paid off our SECOND debt!  So now we were able to take the monthly payment of $127 from debt one, and $60 from debt two, an automatically be able to add $187 monthly to our next debt without changing anything.  Next up was another credit card with a balance of $1820 and a monthly payment of $45.

This month we were able to scrounge up $1615 of our own money, and then made the decision to take $3118 out of our savings to really eliminate a fair amount of our debt.  Currently our house hunt is on a pause, so we were comfortable with using this amount, which still left us with our down payment goal sitting in savings.  That meant that in March we paid off a total of $4,733.47.  We celebrated having paid off our THIRD debt!

We are have now started chipping away at the loan we have our on my husbands car.  We started with a balance of $6,011 and a monthly payment of $234.  Each month, without changing anything, we are able to apply $127 from loan 1, $60 from loan 2, and $45 from loan 3, for a total of $232.  That almost doubles what his monthly car payments were!

So far in 2016, just 3 months in, we have paid off a total of 3 debts and have started on our 4th.  We have put $9,326.47 towards our outstanding debt.  UNBELIEVABLE.

We definitely know that not everyone will have the ability to take savings and apply chunks of money to outstanding debt.  Dave Ramsey actually suggests that you completely wipe your savings, except for a $1,000 emergency fund, and put it all into debt.  We just aren’t ready to take that leap just yet, but we are enjoying seeing how fast our snowball is growing.  Maybe work bonuses or stipends are not a part of your life, but that is ok.  Even without all of those extra large amounts, I have been amazed at what we can contribute to paying down debt just by really looking at our spending habits and scrubbing our monthly budget.

The month of April will be more of a “normal”  month for us.  There won’t be any extra income amounts coming in, and we won’t be drawing down from savings.  I’m interested to see what a regular month looks like for us, and I’m excited to see our snowball continue to grow and make momentum.

Thanks for joining us on our journey!