In the last year I haven’t written anything about financial stewardship and for those who were following our Total Money Make Over journey I apologize.
Let me get you caught up on where we are, provide a quick explanation of why I was MIA on the topic of financial stewardship since last year and where we are now.
In the last year we have seen so many financial breakthroughs it’s been crazy. We saved quite a bit of money, saved for a vacation and did a major remodel of the lower level of our home.
After working on being debt free for so long it felt good to save and spend up on some things. We’d been living with a water damaged lower level for several years so once our income increased we decided to cross some things off our list before completing baby step 3 of Dave Ramsey’s Total Money Make Over. Baby step number 3 of Dave Ramsey’s Total Money Make Over is having a fully funded emergency fund. Dave’s idea of fully funded is three to six months of expenses which we will complete by December.
Now that we’ve let ourselves live a little, we will buckle down and begin baby step 4, 5 and 6 which are save for retirement, save for the kids college and pay off the mortgage.
Between now and December we are partnering with some friends to actually go through Financial Peace University. We’ve never done it and babe said it would be a good idea to do it to get reinvigorated.