I am so excited because I just made the last payment on our van. We paid it off in less than one year with a lot of hard work these last few months. We did make some sacrifices such as budgeting, eating out less, meal planning, skipping some recreational activities but now that I've done it for almost 6 months I don't think I can go back. I never want to finance anything ever again.
Our next goal is to establish our fully funded emergency fund of 6 months of living expenses. If we continue what we are doing we should have this goal met by mid year 2010. After this we plan to invest, save for kids college and tackle the house. We would love to have the house paid off in 7 years or less, but we'll see how that goes. There was a point in time that we wanted a new house but now that we want to live debt free lifestyle I am ok with what we have. We do plan to have one more child and having only one bathroom is going to be a challenge. We are also planning to save for maybe an expansion of this house and a bathroom update once our ER fund is fully funded.
In the next five years Matt is going to have several surgeries on his mouth that is not covered my insurance, so we are saving for this as well. It is going to cost about 25K over the five years. That is a lot on money, but I know God will provide. He went for a consult the other day and we found out the oral surgeon is going to charge us less than the original amount he proposed saving us nearly 5K. We are so blessed to have an awesome God that provides beyond what we can imagine. All praise to Him. We plan to start the first series in March and then on from there.
We are excited to see what God has in store for us this upcoming year. We are also excited to have our goals set and ready to tackle them. There is just something about accomplishment that gives me such a high. WOOHOO!!!! What are your goals for this coming year?
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