Things I Love – August Edition

A Bob's Burger image I made this weekend.

A Bob’s Burger image I made with mematic.

❤ ❤ ❤ Things I Love – August Edition ❤❤ ❤

30 Rock | Fredericksburg peaches | Mematic | Warm weather! | Kosmic Kombucha | Knowing where places are again and not having to drive 2 towns away to get any shopping done | Our network of friends and family who really came together and helped us get unpacked and settled into our new house ❤ | Gluten free waffles | Almost being caught up with all of our bills | Portlandia | House plants

Living Beneath Our Means – Phase 1

Hello, all.  While trying to decide what direction I would like this blog to have, I have decided that I would like to write budget/debt updates here occasionally (but this blog will not solely be about finances, money, and debt.)  That being said, I would like to share my journey and keep myself accountable to something besides myself and Quicken.  I will also be talking about our journey in my husband’s career transition.

My husband started working when he was in high school, and his goal was always to be a computer programmer.  He got his Bachelor’s degree when our kiddo was 6 and then continued to get a Master’s in software engineering.  Shortly before getting his Masters degree, he realized his true calling is ministry and he has been a seminary student for a little over a year now.  So, in addition to paying off our debt as quickly as possible we are also looking at downsizing our lives in general to prepare for a minister’s salary instead of a programmer’s salary.

Right now we have $48,036.38 in credit card and personal loan debt.  Unfortunately, this total does not include our car payment or my husband’s student loans.  We have made a lot of changes in the past few months to start addressing and eliminating our debt.  This summer we made the move from California back to Texas because the cost of living is lower and we have a huge support network in Texas.  We applied, and were approved for, student housing at my husband’s seminary.  We are hoping that in addition to helping our budget we will get to get to know the other students better.  

We are also actively working on living beneath our means.  As you probably figured out by the amount of debt I mentioned, we were living beyond our means for many years.  And we still are in several ways (a good example of this would be our monthly car payment).  But we have started living beneath our means as best we can.  We stopped using our credit cards over a year ago.  We are currently re-working and updating our budget.  The biggest thing is that we have been selling items that we don’t use anymore.  We just sold our embroidery machine (I had so many dreams for all the beautiful things I would make, but I never actually got around to using it.) and we are currently trying to sell our piano.  I also set up my etsy store with craft items that I no longer use.  All of the money that we get from selling things goes directly to credit debt.

Finance Question:  What program or software do you use to create and maintain your budget?  How often do you update your budget?