Total Money Makeover Update: September 2011

Hello, internet. It’s been several weeks since I’ve blogged. School started, we got a second renter, Dexter and I have been talking and praying about future dreams, and I just plain didn’t want to.

This blog and I have become frenemies. I love the chance to write, to interact with the nice people online, and to urge myself to be creative. However, I think I’ve been taking it all too seriously in light of my other priorities. I also struggle with what to write about–freedom is a blessing and a curse for the no-niche blogger.

I did, however, commit myself to updating the blog monthly with our debt repayment. I knew what to write about. I didn’t feel like I was contriving something to write just so I could talk to you. I thought some math symbols would break the ice or anesthetize the awkwardness. Whether or not it’s working, here I am.

close up picture of keys on a calculator

In August, we paid o.5% of our debt and we have 71.5% remaining.

It’s far enough into September that I know what our extra loan payment situation looks like. Last month, I naively wished that for my birthday in October, I could pay off Debt #3 or at least get down into the 60%s rather than the 70%s. Then, we paid for six months of auto insurance, a year of life insurance, three new tires, and new front breaks and rotors. So, not only do we not have any extra payments, we’re dipping into our baby emergency fund.

I was really frustrated when I prepped the budget for this month. I really want to be out of debt. I’m tired of the bondage and having an eerie voice whisper in my ear in the checkout lane.

You shouldn’t be buying this. Underpants without holes aren’t a need, they’re a want. Who cares about animal welfare; you need money.

While I successfully smother these voices long enough to buy what is good and practical to buy, the feeling they leave is uncomfortable.

What’s wrong with you? Why did you let yourself get into so much debt in the first place? Was a college education really worth it? Why is it taking you so long to pay off? You must not be smart enough to take care of your finances. Other people are done paying off their debt after 18 months. You’re not even 30% of the way there.

My inner-monologue is not always very friendly.

I had to remind myself that we made the choice to make less money at the beginning of summer. I didn’t tell you why, but I’ll tell you now.

My extremely talented (and handsome) husband cut down his paid hours at the coffee shop and was accepted as an intern at an innovative, well-respected web development company, Cramer Dev.

It was a gutsy move on Dexter’s part. He took the cut at work without knowing he’d get the internship. He worked really hard crafting a layered print resume that combined an 80s color scheme with professional quality. (Yeah, he’s that good.)

Since June, I went from understanding 99% of what he told me about his coffee shop job to giggling in the middle of his how-was-your-day report because he sounded like the trumpet-voiced teacher from Charlie Brown to me. I listened really hard, though, and figured out what the words meant.

He has learned so much in the past three months, and he has been so happy learning it. When he used to get on facebook or Tumblr to kill time, now I catch him writing CSS on the sly. My new question for him, whenever I see what he’s created, is, “So, did you make that by just typing some words?”

So, when I remind myself that, aside from slowing down our debt, this summer has allowed Dexter to pursue a passion and develop skills for his vocation (which may end up helping us to pay off our debt faster down the road!), the sacrifice of staying in debt just a little longer is a no brainer.

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5 thoughts on “Total Money Makeover Update: September 2011

  1. Glad you blogged again! I was looking forward to it. Thanks for being open about your debt. And I’m glad Dexter is doing something he enjoys and is good at! You guys rock!

  2. Wow that’s really motivating and moving to me!! I miss you friend! You are a strong amazing wife! I know I rely on the fear/security of money way too much! Thanks for your honestly!! “surprise baby fund huh?” That’s a great thing to call it!!

    • Haha! I just realized what you meant by “surprise baby fund.” Dave Ramsey actually calls your initial $1,000 emergency fund a “baby emergency fund” because it is baby-sized compared to the saving he has you do later. I didn’t realize until now that it could be interpreted that way. I’ll have to make sure I explain that better in general…don’t want to go starting any rumors about myself!

  3. It’s great to see you back and I can completely relate to your relationship with blogging. I have the same one. You seem very well grounded on your decisions so, Great job!

  4. Pingback: Total Money Makeover Update: November 2011 « Mrs. Dexter

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