Time to dust this ol' blog off and get back on track. Hubby was asking me the other day where my drive and fire went concerning our finances. Once, I stopped the accountablity here, I just fell into a routine and got lazy.
Let's be honest. Living on one income as a family of 3 (actually any sized family) is difficult. It takes more discipline and effort than paying off debt! At least for us.
It's been awhile so let me recap for you.
Just over 2 years ago in December 2009 we made our last payment to AES and became debt free! When we got married in July 2007 combined we had about $40,000 in debt, $5,000 of consumer and the rest in student loans.
The following Spring we set out to buy our first house. It was a very trying process since we live in such a high cost of living area and our price range wasn't very high.
After jumping through a TON of hoops we finally went to settlement and became homeowners (mortgage owners) on July 30, 2010.
We also bought a new (to us) car in August 2010 after hubby's was totaled. That car is now the only car our family has. More to come on that later.
On March 27, 2011 we become parents to the cutest little boy!
On July 15, 2011 I officially became a stay-at-home-mom and we became a one-income family.
Now, almost 6 months on having one income, watching our savings shrink every month, we decided to get re-focused and back on track. I'll be posting our budget and what we are trying to do in a future post. But let's just say that when we first sat down to write it up we came up in the negative. Actually, scratch that, we STILL are in the negative! Yesh! What happened?!?!?!!