Monday, December 25, 2017

Winning, December/Holiday 2017 Edition

Somehow, in spite of the fact that I'm drowning in three million things to do because I take on way too much every.single.time, I have once again managed to NOT forget about Winning, a monthly series in which I identify three concrete ways we're succeeding in this long, slow, sometimes maddening debt-paydown journey. 

That said, this particular post is going to be a bit short because it's Christmas and I am currently being circled by three yelling children who are demanding food/games/entertainment/my undivided attention. The second I sit down to do anything on my computer, their Spidey senses kick in and they rally together in an effort to distract me. Which is fine. I've just gotta work fast here, folks.


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So here it is: three ways we're WINNING in December 2017:

(1) We currently have over $3000 in our savings account. I know this sum is practically nothing for some folks, but consider the fact that - like 34% of Americans - we had nothing in savings back in April. As in, we didn't even have a savings account back in April. We're putting most of our money towards debt, but building a "financial airbag" that can cushion us in the event of an emergency is also important to us.


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(2) We were able to travel across the country to visit family for the holidays, and we paid for it outright. Again, this is unheard of for us. In the past, we'd charge all of our travel to the credit card and worry about it later... much, much later. This time, we saved up the money first, then booked the flights and hotel. That felt like a real accomplishment.


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(3) We've been blogging for six months! Spoiler alert: we plan to keep doing so. Personally, blogging about our experience helps me stay motivated, and it's introduced me to some of the many amazing writers in the personal finance community. It's worth it. We're committed.


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So tell us: what are your wins this month? We want to know! Big pre-emptive high fives to you.

4 comments:

  1. You certainly have had some major wins! I didn't realize the percentage was so high for those having no savings. Glad you are going to keep blogging. It feels comforting knowing I'm not the only one traveling the get-out-of-debt journey.

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    1. It really is comforting to know that others are on the same path. Getting out of debt is really hard, and because nobody talks about it, it can feel lonely. wrt the no savings, I agree: I had no idea the percentage was that high. Wow.

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  2. Woo-hoo for savings accounts! My big financial accomplishments this month have been 1) deciding to postpone house buying for at least a year, 2) taking my down payment and putting it towards my line of credit (that felt simultaneously wonderful and awful), and 3) not obsessing over my net worth while I'm on holidays this week so that I can spend money on things of value without feeling anxious.

    Looking forward to the next six months of your posts!

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    1. Thank you, Solitary Diner! :-) House buying is on our radar, too. It's such a hard decision, isn't it? From a financial standpoint, we might be better off if we waited until 2019... but from a mental health standpoint, I don't know if I can take this apartment complex for another year (and my husband doesn't want to move into yet another rental, so it's either stay here or move into our own place). We'll probably see what we can get in the way of a mortgage. If it's not a good deal, we won't move forward.

      Congratulations on those accomplishments! (I know what you mean about the way paying off debt feels both wonderful and awful.)

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