Aren't snowballs supposed to speed up as the roll down the mountain? It seems the debt snowball has come to a grinding halt in 2011. Here we are at the THREE year mark, and we are still hovering around 75% paid back.
What happened? A lot of the usual life stuff; flood in the bathroom, a flurry of car repairs, a collapsed lung...
But, we all know to prepare for that kind of stuff, right? I mean that's why we save and attempt to be wise with our money. The two BIG changes that happened at the Parks' household recently are a job change (Sam) and a pregnancy (tot currently housed by Amanda).
The job change brought with it the need to buy a second car. Feast your eyes on the lovely piece of machinery (19 mpg baby):
And, Baby Samanda has prompted us to save a bigger one of these:
Hopefully, Baby Samanda will not choose a dramatic entrance into this world. In which case, we plan on just using the extra emergency fund to pay off debt. So far, it looks like our health insurance does an excellent job of paying for labor and delivery, so we anticipate low out of pocket costs. HOWEVER, I've learned to never believe that something is covered until after they've paid the bill, so we shall see.
Anyways, that's the plan! Not very exciting. Just lot's of saving (we even started contributing to a retirement account at Sam's work because of the lure of the company match; how very responsible of us :))
I'm bummed that baring a windfall we won't meet our May 2012 goal, but I'm thankful that God blessed Sam with a new job and that we should be welcoming a little tot to the clan sometime next April.


19 is pushing it.....
ReplyDelete