Wednesday Weekly Wrap-up #2 – Feb 16-22, 2017
Hey everybody! Welcome to the second installment of my weekly series. This is where I run through what’s going on with us and what’s happened in our debt-free journey over the last week. There’s been a few major developments, so without further delay, let’s get into it!
- IT HAPPENED! – After a couple months of aggressive job-hunting, Alyssa landed a great opportunity and will be back to full employment by the end of February. She ended up well above the expected pay range and this means we both got raises by moving from Minnesota to Colorado!
Budget Impact: Our pre-bonus income is up to $123,000, meaning we will be able to put a mind-bending $4,900 per month toward our debts!
Projected Freedom: With this monthly contribution, we could clear our full debt by Dec 31, 2018. That’s $107k in less than 24 months!
- TAX TIME! – As the household CPA, it’s my job this time of year to file our taxes, so I spent some time on my day off (Sunday) to take care of business. Between the two of us, we got almost $3,900 in refunds, and as soon as the deposits hit our accounts I’ll be paying off my car ($1,800) and Alyssa will finish paying her Credit Card ($1,200) The rest will remain in our emergency fund.
Budget Impact: Having my car and her Credit Card paid off will free up an additional $300 in monthly income toward other debts. Next on the list: Alyssa’s car ($13,000) and my Credit Cards ($13,000)
Projected Freedom: We’re going to be pretty aggressive with these, shooting for September, 2017 to be down to the student loans!
- LIFE – Alyssa’s job offer allowed her to have a couple weeks off and she spent the week visiting family in Minnesota. My job ensures that I am busy Monday thru Saturday this time of year, so it was a good time for her to get away. I spent my week in a bit of a work-eat-sleep-repeat cycle, so I was ready for her to be home.
- SPENDING – With the exception of a $48 gas fill & car wash, my only real spending during the week was for food, and very minimal at that. $13 for lasagna ingredients which covered 5 lunches and 1 dinner, an $8 Chipotle trip as a weekly reward, and $9 at 7/11 for a Red Bull and snacks for Friday’s guys’ night. Alyssa had the benefit of staying with family and got several free meals and a little shopping trip on the house!
Check back next week to make sure we followed through with our goals, see what we did, and let us know what you’re up to in the comments. Cheers!