Sunday, May 31, 2009

A Turning Point

We've reached a bit of a turning point when it comes to our finances. We are one payment away from paying off our second vehicle. The next thing to pay off is student loans. We don't have any consumer debt and are freeing up money in the budget fairly fast. We are actually getting to the point where we are getting on top of our debt instead of the debt being on top of us. We've decided that we want to start putting part of the freed up money into my 401k account and the rest towards debt. We also decided to increase my number of withholdings on my paycheck so we get more out of my paychecks each time. Instead of spending that extra paycheck cash, we're going to throw it into our savings account. We like the idea of being able to save money, while still paying off debt super fast, and still having the things we stand in need of. It's definitely a great feeling.

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