Sunday, October 16, 2016

Paying Off Debt Faster

Much faster.  I've been doing something the past month or so that I totally forgot to share here with ya'll.  Remember..........I want my freedom and I'd like to have said freedom sooner rather than later.  So.............I decided to make a car payment every time I get paid.  I get paid twice a month, on the 15th and last day of the month.  I was so tired of seeing how long it was going to be until the car is paid.  We only have our car and our mortgage.  If we are blessed and can continue to pay extra to the mortgage then that debt will be paid at the end of January or perhaps sooner.   It will still be over a year until the car is paid for-yes I know Dave Ramsey would not approve of buying a new car.  Well when we buy cars we keep them for a very long time.  Long after the loan is paid but I digress.  Paying 2 payments each month will obviously get the loan paid twice as fast.  I am looking forward to the day that I can tell ya'll that the balance is zero.

Now I will still be putting some money in savings.  I have not been putting every. single. dollar. to debt.  I don't feel comfortable doing that.

Making 2 payments a month kind of hurts.  It sure would be more fun to be able to spend that money on other things but we have no one to blame but ourselves.  Hopefully a year of extreme frugality will pay off-pardon the pun-in more ways than one.

After football season we will be able to cut expenses even more.  It's a 7 hour round trip to see our college play.  Yes I know that some of you don't understand why we do that.  Well it is the ONLY thing the hubster really asks to do.  We put money aside to pay for tickets so they are not charged.  But it still puts an extra strain on the budget.  He likes to tailgate.  Me?  I would be happy with a sandwich but not him.  I can't tell him no.  So add up the extra gas it costs on top of the money it costs to have tailgate food.  We don't go crazy on the tailgate either but I'd say it does add about $15-$20 to the grocery bill for that week.  Maybe not that much but you get the idea.  So like I said, after another month or so those expenses will be gone until next fall.  Whew!  I am looking forward to that.
I watched a movie last night.  It is a Christian movie.  I think the title is Stand Strong.  It was about a family who lost everything, the husband's job and the family home.  This family was used to living way above their means.  The husband's mother refused to bail the family out again.  She told her son he had to stand on his own two feet and get his finances under control.  He had to swallow his pride and ask his brother if his family could move in with them.  His brother's family lived in your basic ranch.  Nothing fancy but a warm environment.  They had a garden, chickens and a stockpile of groceries in the basement.  At one point in the movie, the 2 sister in laws were not exactly seeing eye to eye.  The sister in law that moved in was not appreciative at all that they were living rent free, with a roof over their heads and good food to eat.  All she could see was what they had in the past, what they lost.   She belittled the friendliness of her sister in law,  the hospitality that was being shown to them.  She made fun of their garden, chickens and stock of food.  At this point, her sister in law overheard them and it hurt her feelings.  Here she had opened her home to her family to help them in their time of need and they were just plain rude.  Her response to their ungratefulness was to tell them that her garden, chickens and food supply allowed her to help them.  To feed them.  Well you pretty much get the point.

Whether or not you are a Christian, this movie, even with bad acting,  made an impact on me.  Would I be so open to having a whole family to live with us?  Heck-would we be open to having one person live with us?  Would our stockpile be able to absorb the extra demand?  What have I done to show hospitality to others?

Have you ever opened your home to someone who fell into financial difficulty?  If so, for how long?  How were you able to accomplish this?

1 comment:

  1. Yes we have opened our home and it was for a couple of years. Would I do it again? You bet I would!