Snowball!
H and I spent two nights this week in class.
Tuesday night was all about becoming and living debt free (hallelujah!). On Thursday night we learned everything anyone could possibly ever in their lives want to know about building a budget and living by it. Yep. I typed the word "budget." Now, we've lived by a budget in various forms over the course of our 22 years, but it's never gotten us out of debt. So when my company offered these classes and agreed to pay half of the fee, how could we resist?
Let me just say it right now. This is not going to be easy. It's going to work, and it's clear we've made mistakes in the past. But it's not going to be easy. And that's about all I have to say about that. So let me just say (in case you missed my point), it's not going to be easy. The good news is that H and I are in it together. And a bunch of my friends at work took the classes too.
Our teacher didn't teach us anything new; we all know there's nothing new under the sun. This stuff is all Old School Economics. Basically, pay off one debt and snowball that payment into the next debt. And so, we're calling this new adventure our Snowball Project. If all goes well (and surely there will be obstacles along the way) we'll be completely debt free in nine years. And that includes our mortgage!
Frankly, I never even considered the possibility of ever paying off my mortgage. We've moved so many times, each time trading one 30-year mortgage for another. I just figured I'd take that payment with me right up to the Pearly Gates.
This weekend, H and I have blocked out four hours to set up the plan (Lord help. Literally). On Monday, we'll start working the plan. There will be stops and starts, and highs and lows, but I'll keep you posted as we travel the road. I'd appreciate hearing any budgeting tips you might like to share along the way. Even before H and I committed to the Snowball Project, we tried to live within our means, so we've found some good resources along the way. A great blog that I've found is Simple Mom. Just one woman talking about living life within your means and finding peace while you do it. And couldn't we all use just a bit more peace?
So that's it! We're off on a new adventure! Send out some good thoughts in our direction and prayers on our behalf, 'cause I don't know if mentioned it yet, but this is not going to be easy.















