Next week I’ll be starting a long series on budgeting and getting out of debt. Currently our only debt is our two mortgages, but it is still debt! I want it gone yesterday. Up until now I think we’ve been reactive to our debt and spending. We pay all of our bills each month, shop economically and try not to buy unnecessary things. Yet we only make extra payments on the mortgages when there is money left over. I think we need to decide how much extra we are going to pay each month and pay it up front! This way we’ll be making more intentional progress.
Throughout the next several weeks I’ll be chronicling our journey to becoming debt free. What steps we’re taking with a budget, goals and extra payments. If you are also on a journey to becoming debt free, I’d love to hear your story and share it here on Thrifty Texas Penny. It can be shared anonymously if you’d prefer.
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