Simply Living has been on extended hiatus once again! Here is a wrap up of 2016!
We began 2016 embarking on a Debt Snowball as we worked to pay down our existing debt while searching for the perfect home. Dave Ramsey provided most of our foundation. We listed our debts from smallest to biggest and delighted in watching the snowball grow.
We had 8 steady months of paying down our debt. We were able to eliminate 2 student loans, 2 credit cards and a car loan. A total of $18,412! That sure felt like an accomplishment.
As we paid down our existing debt, what we were able to afford for a house continued to grow. In September we were excited to finally have an offer accepted, and we closed on our first home in November! This did mean that we had to pause our debt snowball, but I’m proud of what we were able to accomplish in our short 8 months.
During 2016 my husband and I both started new jobs and we completed our first Whole30. Two really big personal achievements! We celebrated with a week long cruise around the Caribbean in August.
We ended 2016 in our new home surrounded by stripped wallpaper, new floors and too many paint cans to count.
This year we are extremely excited that our family will be expanding and we will be able to welcome our first child, a son! We have numerous house projects under way, some big, some small and some very unexpected. All significantly more expensive than we had planned. Things are moving and life is happening quickly!
We are back to scrubbing our budget, particularly with a new house, new baby on the way, and a maternity leave around the corner, we are having to be creative in finding ways to make our finances balance. While we might not be able to put everything into a debt snowball right now, we have learned many ways to be frugal and stretch our paychecks while preventing taking on additional debt. I’m confident that these skills will help us through the tightest times.
Stick around to see what 2017 has in store for us!