Net Worth Post & Debt Update through 5/31/2017 – Should we buy a pool?

Well, here we are, five months into the year. I’m sure we’re just settling in to life without double mortgages, but still, my control-freak nature tells me we’re floundering and had better get it back together or we’ll lose momentum toward our goals. Chaos is totally a control-freak’s dark place. But maybe we are just seeds, being soaked overnight  in a deep pool before planting. Christine Caine says sometimes when you’re in a dark place you think you’ve been buried, but you’ve actually been planted. I don’t know about you,…

We reduced our debt by $108,211.80 in one year! – Net Worth & Debt Update March-April 2017

So, it’s been one year. A year since we tallied up just how deep in debt we were and decided to eliminate it on a ten year deadline and document it on owningburtonfarm.com. This is a special post. Not only will I be talking about March and April’s numbers, I will also be talking about how we eliminated $108,210.80 in debt in our first year. I’m putting the numbers in a spreadsheet in our resource library so you can see exactly how we did it.   You can see where we…

Net Worth & Debt Payoff through 2/28/17 – How Do You Spell Debt RELIEF?

You know how when you’re a kid, it feels like you can physically FEEL Christmas, like electricity in the air, but when you grow up, it’s kind of just another day? I thought I’d feel lighter now, but today feels the same as the day before. We closed on the sale of the townhouse yesterday and have again made a substantial reduction in our debt-load. What a relief! We feel elated and excited, but also a little bit sad.   In the past two years, I had repeated many positive affirmations about the sale…

Net Worth & Debt Payoff Through January 31, 2017

January 2017 for us, like most families, was mostly spent in survival mode. But not because of any holiday hangover as we paid for Christmas with cash. No, three of our family birthdays are in January and I’m on a mission to make memories. Also, because I am a lousy mom, I missed my youngest son’s 12 month and 18 month photo sessions, but was adamant that we secure his 2 year images on film. Forget the townhouse that hasn’t sold. Forget putting any seeds in the dirt. THIS is important! THREE…

Net Worth & Debt Payoff through 12/31/2016

Happy New Year, Everybody! We sent 2016 out with a bang! Just kidding! It was LIGHTS OUT at this house around 9PM. But we did make some dramatic changes to our finances in the last month and I’m so pumped to go into 2017 in this shape! Let’s just bust this thing on out and see if you notice anything different: Assets Value Owed Totals Farmhouse $200,000.00 $166,367.39 $33,632.61 Town house $100,000.00 $84,199.09 $15,800.91 Savings Accounts $8,453.37 $0.00 $8,453.37 Checking Account $40.15 $0.00 $40.15 Family Loan $0.00 $0.00 $0.00 Discover $0.00…

Net Worth & Debt Payoff Through 11/30/16

I’m not going to cry. I let it all go this month. Our net worth decreased. Our debt payoff percentage backslid. I didn’t post a single time this month to the blog. Marketing our townhouse for sale took a back seat to the increasing chaos for me at work. I freely spent hundreds of dollars on Christmas presents at Veteran’s Day and Black Friday sales (but I was saving money!). And I actively chose to *NOT* pay off all of the credit cards in full (we need cash to pay bills…

Net Worth & Debt Payoff Progress through 10/31/16

We emerge from October 2016 bruised and bloodied, like the zombies of Halloween. This month was brutal! Have you ever noticed how when you start to track something, it starts creeeeeping along? I’ll spare you the suspense: we are at 1.86% paid down. That’s -0.08% less than last month. While on one hand, it feels stagnant, I’m trying to see it as Staying Afloat. Here’s what went down. Our real estate contract expired October 5, so I went into full-realty mode to market our two properties myself.     (You…

Net Worth & Debt Payoff through 9/30/2016

Let’s just call this month a big fat “How NOT to Use Credit Cards.” Have you seen pins like the one on the right in your Pinterest feed? Beware, advertisers hire wily copywriters to separate you from your money. Even though this pin says transferring a balance is ingenious, and even though I did exactly what it says, I have to disagree with the “ingenious” part. No, I’d have to say it’s the slippery slope of managing your credit. Let me tell you why: You’ve just opened yet ANOTHER credit card. Welcome…

Net Worth & Debt Payoff Update thru 8/31/16

Do you ever feel like you’re not making progress with your debt? This month, I’ve felt like I was treading water with our finances. But after digging deeper into the numbers, I can see that we are still improving. It’s small, but it’s in the right direction. We increased our debt payoff from 1.47% to 1.58% in a month when we took a one week family vacation (paid cash!). See the details in the chart below.   So, what did we do this month to attack our debt? One. I opened a…

Know What it Costs to Get Rid of Disgusting Head Lice?

So last week, my daycare called to inform me that I needed to come get my 19 month old kid immediately because he has head lice and he can’t come back until 24 hours after we get rid of it. Imagine your toddler, who rarely travels outside of his daycare-to-home loop, whose only visitor to our house in a month has been Grandma, has freaking head lice! I’m screaming inside my head. EWW! Get rid of it! I didn’t notice my son scratching this morning, so I thought, this must be a mistake. We just…