Financial Progress

One of my many goals this year is to pay down our debt as much as possible.  With two kids in college come this fall, we need every spare penny!  My husband is an essential worker, so even with all the current (and probably coming) craziness in the world right now, we’ve been able to depend on his income.

However, I am definitely planning ahead and trying to make sure if more strange things happen this year (murder hornets?!) that we are prepared financially – as much as we can be, anyway.

We refinanced our house earlier this year and were able to lower both our interest rate and our payment, which has helped a lot.  Our refinance also netted us some cash, so we were able to stick that into savings.

I think the last time I posted about our budget, we had the mortgage, a car loan, a bank loan, and 4 credit cards.  Yikes!  In March, we paid off one of the credit cards. 😀  We had some expenses that I thought were going to be on that card, but we ended up being able to pay those directly, so now that card is paid off.

In addition to that, we had been putting more money towards the bank loan, because it had one of the highest interest rates.  We used part of our tax refund and put it towards this loan.  Because of that, we were able to pay off that loan this month!

I am still tracking the rest of our debts on my snowball tracker, shown here:

IH Debt Snowball Tracker PNG

My next goal is to pay off two of the credit cards.  They are big box store cards that we used to get 12/18 months no interest and we are close to paying one of them off.  I’m hoping to have the money to do that this month as well.

If I can do that, it will leave us with just 1 credit card, the mortgage, and the car loan.  Which would be AMAZING!  Our house loan is only a 15-year loan and even though the payment was lowered with our refinance, I am still paying the old loan payment amount each month.  This will help us pay it off even faster.

Doing this would also let us put more money in savings every month.  We’ll see how we manage – my husband’s hours have been cut back and I won’t be getting a paycheck while I’m off for the summer.  So paying things off may be a bit trickier, but I’m still determined to get there.

What are your financial goals?

Planner Overload

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Credit: Pixabay

When I started this blog, it was with the intent to open a planner sticker business on Etsy.  I’m still not there yet, but that’s a post for another day.

I am working on it, creating stickers that I could sell.  I’ve concentrated on things I would use first, because if I never sell anything, at least I’ve created something I will use myself.

I’ve been a planner girl since forever.  When I was in school, it was a way to keep track of my homework.  As I got older, it became a way to keep track of my life.  And I’m still using them.

Them.

As in, plural.  Something I never have done before.  I’ve always just had one planner, and it was one with a monthly spread, because I never use the weekly ones.  I want to be able to glance at my month and see what’s going on that month.  Drilling down into weekdays and hours is just too much for me.  I get information overload.

However, since I dove into the world of planner stickers, I realized I had no idea how many people seem to use planners these days – and multiple ones, at that.

In the planner community, there are two big planner companies.  Each of those companies sells multiple types of planners – different layouts, different themes, different sizes, etc.  But they also sell planners for multiple purposes.  You can buy a fitness/workout planner, a budget planner, a faith planner, a life planner, a household planner, a kids’ planner, and more.

I’ve watched plenty of YouTube videos of planner people who use these multiple planners and thought, sheesh, why would you need that many planners?

I’m now one of them.  :/

I have my original, cheap $5 2 year monthly planner.  I have my bill planner (it’s really just a small spiral notebook where I track my bills).  Now I also have a yearly planner from one of the two big companies – because I needed to know what it was like to use one before I could make/sell stickers for it, right?  And I bought a budget pack from that same company – again, because I need to know how people use it before I can make stuff for it, right?  And I’m currently trying to talk myself out of buying a planner from the other company for the same reasons.

Oh, I forgot, I have a Bullet Journal that I’ve been trying to use again.  The BuJo was appealing because it was functional and not focused on ‘pretty,’ but if you spend any time on YouTube, you’ll find tons of artists who show off their illustrated-to-the-nines BuJos.

So, that’s now 5 (5!) planners I’m using.  Which is ridiculous, I know.  Especially since some of these planners are $40 and up.  But I’m having a hard time paring them down.  I’m actually enjoying using the new yearly planner.  2 issues with it – one, it has lots of pages for weekdays that I will never use, so that’s a waste of trees and money, and 2, the monthly spread, while good, isn’t big enough.  Since I only use the monthly spread, that’s a whole month’s worth of stuff that has to get written down – bills, appointments, schedules, holidays – for 4 people, since I track everyone in my household.  I suppose I could size up to the bigger planner, but then that’s even more money (and pages I won’t use, because it also has pages for weekdays).

And even though I understand the whole ‘sunk cost fallacy,’ I find it hard to get rid of my original cheap $5 planner, because it’s good for another whole year!  And it’s bigger than my new planner, so I have more room to write stuff down.

I am planning to get rid of my little spiral bill planner, because I do like the new budget planner I’ve been using.  Recording things in both places is getting obnoxious, and the new one has much more space to write.  I guess it’s just resistance to change that’s keeping me using both.

I also could incorporate my new budget planner into my new yearly planner – the rings are designed so that you can add/remove/rework pages as necessary.  I just haven’t done it yet.  Doing those two things would at least get me down to 3 planners instead of 5, which is something.

I have also explored the idea of using digital planners for all these things, but honestly, I like using an analog planner.  I like writing with my pens, the feel of the paper, and the stickers.  Digital planning just wouldn’t be the same, plus I’d be worried about it all somehow getting hacked.  So for now, analog planning is the plan.

I’m still trying to figure out if the Bullet Journal is something I want to stick with.  I like that it’s functional, but I’m discovering I would also like it to be pretty.  Something that seems a lot easier with my yearly planner than the BuJo.  We shall see.