It’s that time again y’all!
DEBT UPDATE. Sorry it’s so late in the day (night haha) but I’m actually in TC with family and had to get my friend to email me my excel files from last month so I can update and compare!
I’ve learned so much this month about our spending habits vs income and about our debt expectations.
Here’s the low-down on this month:
Our new debt total is $31,483.21, and was reduced $1,830.84!!
There are some BIG howevers, however.
That may seem like a great decrease – and it is… HOWEVER, it should have been a lot more.
We hustled our little butts off! We had a million side jobs, totaling at least another thousand in extra income.
One unforeseen circumstance is my poor pup got into two entire bottles of my vitamins and had a huge $400+ vet bill to pump his tummy, IVs, lab work, etc. Before you yell at me, YES I keep my meds up and away, but my cat likes to climb into cupboards and shove everything out of them. Louie then gets everything that falls. Ugh. haha
Then Cody had to renew his builders license and pay for his continuing education credits, which was another $500.
Another BIG however was how much we spent on crap we didn’t need. For the first time, we DID write down EVERYTHING we spent. IT WAS A LOT! We tried to live ‘normally’ so we could see how much money we easily waste, and it really was an eye opener. When I get back to Grand Rapids, I will either scan the pages and/or add up totals of categories for you all to see how horrible we were at this and to compare our spending to income ratios. It’s really a lifestyle change, and it’s hard!
It was CRAZY to realize how quickly things add up and how easy it is to spend money!
I am so blessed to have the debt still decrease after our horrid spending, and the emergencies and necessities of this month. We learned a lot about ourselves, our goals, and how to create a reasonable and reachable budget. Cody and I created that actual budget, and an excel sheet for the budget categories, and have also started to utilize the envelope system. (I actually have this awesome wallet with dividers we use for each category). I’m excited to see what damage we can do on our debt if we stick to our planned budget, still write everything down, and eliminate any unnecessary purchases and splurges!
A final however is our business credit card actually INCREASED by $599.93, and will probably increase by another $600.00 this next month. We have three markets, shows, and festivals in the next two months, and needed to pre-order our bamboo since it can take up to 4 weeks to receive! Its a kick in the butt after having a slow, but successful month! We are slowly gaining more sales and positive feedback. On Etsy we have only 26 sales totaling about $600.00 in revenue, but we have done custom orders for a few shops in our hometown. I feel so happy that after only being open for about a month and a half to have business starting to roll in! Now, if we can only get into the POSITIVE!!! 🙂
Looking forward to this next month of frugality, selling, hustling, and working! 🙂 DEBT BE GONE! 🙂