Wednesday Weekly Wrap-up #3 – March 2017
Hey everybody! Welcome to the third installment of my wrap-up series. This is where I run through what’s going on with us and what’s happened in our debt-free journey since we last checked in. There’s been a few major developments, so without further delay, let’s get into it!
- TAX SEASON IS ROUGH! I apologize for my lack of content in March, I seriously underestimated the impact of CPA busy season on my writing time (or lack thereof). I’ve been working about 70 hours/week since the end of February and 14-hour days are not uncommon at this point. The good news: April 17th is the tax filing deadline and after that we will get back to normal life.
Budget Impact: Having no life outside of work helps us to not spend money. We are still sticking to the budget as best we can and paying down debt with every paycheck.
- PROGRESS: Alyssa started her new job early in March, and has put an extra $1,500 towards paying off her car. I’ve reduced my Credit Card balance by about $2,000 and hope to do more in April.
Projected Freedom: We hope to clear our next debts by the end of summer and be down to the student loans.
- LIFE – It’s been an unusual winter in Denver; 70s and 80s and plenty of sunshine. We were able to sneak out for a 7-mile mountain hike one Saturday after I left the office. We can’t wait for summer and all the adventures ahead! Alyssa is hoping to travel home to spend time with family in April; she is expecting a new niece/nephew early in the month. Fortunately, we were rewarded with $600 in airline vouchers and plenty of bonus miles in January due to some unexpected travel delays and these flights will be on the airline’s dime!
Budget Impact: None.
- CHALLENGES – Everyone has their share of challenges and temptations in life, and we’re no exception. We’re currently trying to fight off a bout of house fever. As we near our lease expiration and have started considering options, we’ve had a few serious discussions about buying a home of our own. In many markets this would be a no-brainer, but currently in Denver even entry level homes are pushing $300,000. We have agreed to table the discussion at least until the end of summer, and will likely renew our current apartment lease to allow us to stick to the plan.
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!