Mission out of debt! Getting started

We have recently realized the importance of getting our debt paid off. Since we bought our house in 2014, we have had some major changes. The hardest changes for us have been financial. Here is what has happened

#1 Health insurance almost tripled for us. (obviously the affordable care act didn't help us)
#2 I changed Jobs *yay* however with the increase we no longer qualified for our income based repayment for Arlen's student loans. This meant and additional $200 a month.
#3 Tioni was in a swing accident (5 days in the hospital, lacerated liver, lots of follow up, fun fun) (between 4-5k in medical bills even with pretty good insurance.

Because of all these things we realized that as long as we have our debt we will never be financially comfortable to have a large family and do the things we want to do.

I have a great friend who had been doing Dave Ramsey's plan. I even have had one of his books I have read. I have planned to do this in the past. However we have never made the full commitment to make the changes we need. With all these things happening Arlen is full on board, the hardest part was convincing him to end our satellite subscription. Which since earlier negotiations was only at $39 a month but we have to be all in!!

 BABY STEPS right? Right now our step is to set aside $1000 to emergency savings. We are almost there! With the taxes we should get back we should be able to finish this and pay off our Credit card.

My goal is to do a monthly blog summarizing our month, and the extra payments we are able to make!

Here is our debt! We will be doing the snowball method! here is how it looks!

	Amount Owed	Min Payment
Credit Card	$         2,600.00	$           25.00
student loans 1-06	$         1,194.97	$           13.19
Student loan 1-01	$         2,134.95	$           26.08
student loan 1-05	$         2,347.69	$           25.93
2nd mortgage	$         3,619.86	$           45.00
Student loans 1-02	$         4,224.47	$           50.28
Student loans 1-07	$         5,073.12	$           60.53
Student loans 1-04	$         5,053.15	$           57.27
Student Loans 1-03	$         5,135.54	$           60.32
Car	$         7,330.37	$         246.00

Total Debt (without house) 38,714.12


If there is any questions or things you want to know let me know!

Tashina


***I realized after posting I didn't include one medical bill. We owe 512 to the Children's clinic for Tioni's hospital visit. It will be added on next months totals!