Update #3 – October 2016


The leaves are changing colors, the temperature is (sometimes) dropping, people are dressing up like clowns all over the country, and two of them are running for President.  That all adds up to mean one thing: October is almost over.  For us, it’s been a good, if somewhat flat month numbers-wise.

The Numbers

Here’s where we stand as of October 30:
January 2016 October 2016
Car Loan $4,685.88 $3,249.57
Discover Loan $5,511.82 $4,080.10
Discover Card $7,939.49 $4,745.71
K Student Loans $14,058.10 $12,949.57
R Student Loans $47,879.41 $47,206.25
Total $80,074.70 $72,231.20
Total change: $7,843.50 paid off so far

The Pretty Pictures

It’s exciting to see that continue to creep downwards!

The Explanation

You’ll notice that it doesn’t look like we made much progress from last month’s update.  We had an unexpected hospital visit come up a couple of weeks ago, and we decided it would be best to tread water for a little while until we– or if we– get a bill in the mail.  Gotta love health insurance, right?  We’ve got a pretty nice chunk of change set aside for R’s car that is now on standby to do medical bill duty instead if that’s what we need it to do.  I figure we’ll hold off until this Friday, and if we haven’t heard anything by then, we’ll go ahead and use it on the car, relying on our emergency fund if the bill shows up on Saturday (it will).

Can I just say that it’s amazing how God provides for us in ways we’d never expect?  Last month, I had a car repair that was about $400 more than I anticipated spending.  This month, R was asked to do some odd jobs that she wasn’t expecting, and I was given some last-minute overtime that all added up to… you guessed it, about $400.  I don’t know about you, but that is incredible to me.  I’m sure that during this journey, we’ll have some great months, and we’ll have some months with little progress or even setbacks.  But I’m beginning to realize that even though being debt-free is our goal on paper, by the time we get there, it’ll just be a result of how our attitudes regarding money and in trusting God have changed.  If we treat our incomes as a stewardship responsibility rather than a selfish ownership, as though we are merely managing God’s gifts to us rather than building a swimming pool full of our precious gold coins, we’ll make wiser, more generous decisions that will benefit us and those around us for many, many years to come.

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