Spending budget: $400/mo.
We bought $211.65, made $23 $63 selling some miscellaneous items, and made about $175 at a garage sale.
(I forgot about a $40 furniture sale when I originally posted)
Total spent in April: $211.65 – $63 – $175 = – $26.35 
If you’re wondering how in the world we did it, you might want to read this post on cutting your household and grocery expenses.
Current splurge $$ from coming in under budget: $149.24
If you haven’t been following our quest to pay off both houses and be 100% debt free, you can catch up here.
Getting Out of Debt Step 1: Know how much debt you have and the associated interest rates.
Getting Out of Debt Step 2: Build an Emergency Fund
Getting Out of Debt Step 3 (Budgeting Step 1): Know how much money you have to spend and make sure your tax withholdings are correct.
Getting Out of Debt Step 4: Create a Budget
Budgeting Step 2: Track your current expenses– preferably 1 year’s worth – to see where you’re spending money.
Budgeting Step 3: Make a plan for all your money, taking into account one time expenses.
Budgeting Step 4: Check up weekly
Budgeting Step 5: Reassess monthly
June Update
July Update
August Update
September Update
October Update
November Update
December Update
January 2013 Update
February 2013 Update
Estimated date to have both houses paid in full: November 2020! This puts us in a great position to help our kids with their first vehicle and pay state tuition for their college.
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You can’t have that much longer on the Arkansas house. How long until it is officially yours and not the bank’s? Y’all are doing great!
Conservatively 3 and a half more years. We’ll pay it off in just under 15 years. If we could sell it now we could have this house paid off in about 4 years. I’m really tempted to take on another part time job in the fall to knock it out even faster.