So I was supposed to start this thread many months ago but it always fell to the backburner. I know there was interest by some members about our progress etc.
The story: I graduated high school in 2005 and immediately started working in a small machine shop (I had worked co-op here for 2 years prior.) I bought a house foreclosure in Nov '07.... then the Recession hit. I stayed employed at that same shop, no issues there. I made decent money and was living a good (well budgeted) life.
I think I was greatly affected by the numerous people I saw coming in literally begging for a job during the recession. My supervisor didn't doubt their skill set, we simply didn't have the work load to support them.
I continued working at this shop until Aug 2012, when I left for a substantial bump in pay to go do plastic injection molding work. I absolutely loved this work, I enjoy learning and this was a whole new world to me. (This is when I decided I didn't want to be in debt but I didn't really have much of a "goal" yet. I just knew I wanted to not dig a deeper hole and paid cash for things.) We used 1 credit card for everything (points baby!) and paid it off every WEEK.
January 2013 I had my wife (girlfriend) quit her job to focus full time on her schooling. She wasn't making much anyways and it was causing her a LOT of unnecessary stress.
August 2013 we got married (we cashflowed $10k of the total $17k bill). I was working 60 hours a week to pay for it.
In Aug 2014 I changed jobs again for yet another bump in pay and only a 15 minute drive to work. This is when we began to pay cash for my wife's college tuition. Began paying roughly $2000/mo to her University, refused to take out anymore student loans. (It was about now I came up with "I want to be debt free by 35.") We continued cashflowing college tuition with small loans from her parents to supplement what I couldn't work OT to pay. I was working 60-70 hours a week already.
It was Feb 2018 that I first heard about Dave Ramsey and this is when things really got rolling. I started listening to his radio show on my short drives home from work. I wanted to start following his plan but mama wasn't on board yet. Mama said "wait until after graduation." We discussed our plan for children around mid Feb, agreed we should use protection.
Mid March 2018 we find out she's pregnant with #2 and due December 6th. (Missed it by THAT much!)
Debt list as of May 2018:
3038E tractor: $7,400
Parents Student loans: $9,000
Sally May Student loans: $23,000
Home Equity to buy 10 acres behind us: $30,360.00
Primary Mortgage: $31,150.00
May 2018 my wife (mama) graduated with a bachelor's in Nursing. We paid off all of the Sally May loans with our tax return and savings in May 2018. We started the Ramsey plan in June 2018. June and July went great, we had a written budget. We paid off the parents loan in late July 2018. Mama passed her NCLEX on the first try, no issues at all.
August 2018, mama started full time at a local hospital. So while our overall income went up, our child care expenses went up with them. Also fell off the written budget band wagon (it's tougher than you think).
Plan on paying off the tractor in the next few weeks... still trying to get back on a written budget...
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