I got a great question in my comments this morning asking us if we’ll be debt free by, well, today! As was our original goal when we set out on our debt free journey in January 2008.
I’ve been updating through out the last year and a half as our goals have changed with the changes in our lives. In thinking back, if we’d both been working full time these past two school years and Nathan hadn’t decided to go back to school, we probably could have swung that original goal! But, things change! We both got half-time jobs, Nate went back to school, and we are having a baby! Now we are preparing to pay for a move across the state and live off of one income as a family of 3!
So, not much of our debt has been paid off in the year 2009, which is a bit sad to me… However, we have not accumulated any MORE debt because we paid for seminary in cash and everything else as well. We are hoping to be able to pay off our smallest student loan soon, but due to the upcoming move, we are stashing money in savings to cover any possible expenses there first. Hopefully, we will still be able to pay it off and pay for the move, but we will see.
Honestly, I think we could be doing a bit better. We haven’t been as “hard core” in the frugal department as being pregnant knocks the wind out of you! We don’t coupon very much, we eat out more than we should, and we have been taking advantage of opportunities to go out with family that live here before we move to make the most of our remaining time here.
I also spend too much on groceries because I want/need to have certain kinds of foods for the pregnancy. I’m low on iron, so we have had to buy more red meat=more than we’d like to spend. I need more fresh produce=expensive. We switched to organics in certain foods to help with the digestive issues I was having=very expensive. Having said that, we still could be doing better, much better, and we actually had a great talk about that today.
Its easy to blame financial laziness on circumstances, and we admit that sometimes, we have been lazy. The Lord gave us a bit of a wake up call today when we spilled red Kool-Aide all over Nate’s white Nike shorts and I told him as I frantically tried to save the carpet to go rinse out his shorts in cold water. Well, he forgot his cell phone was in his pocket. Ooops. Now we have a cell phone to replace.
The good news is that the carpet is okay, and the shorts are going to make it! But really, we both were humbled that we need to step up our stewardship. If we hadn’t spent on this and that and this, we could replace it no problem. But, we did spend on this an that and this, so, we are going to have to make some sacrifices, take from our moving fund, or wait until next month and see…
ANYWAY! What a long winded answer to a short little question! There is so much to say about our debt journey! We really have no idea now how long it’ll take us to pay off our student loans now. We no longer qualify for forgiveness programs as we are no longer teachers, AND our income is being reduced by a career change, AND we have an addition coming any day now!
We will probably have a better idea at the start of the year, 2010 of when we will be able to pay it off. Right now, Nathan says by the time he’s 30, which is a little less than 5 years from now. I’m not sure how realistic that is at this point, but it sounds good! 30 and debt free, I could go for that!
Its in the Lord’s hands and we’ve confessed our laziness to Him. Thank goodness for grace!