It’s Independence Day! Today as we celebrate the 238th day of independence I felt that it would be the perfect time to start our families journey to financial independence from $28, 944.67 of consumer debt and student loans.
Our goal is to pay off everything we owe excluding the house in the next five years! That is a yearly goal of $5,750 in debt reduction. I know that at least in the beginning it will be a challenge and it will require a lot of dedication for our entire family. However, the feeling of being totally and completely free of debt will be worth every sacrifice.
At the end of each month I will post a progress report on how our family is doing in our goals towards reaching our financial independence. I will be sharing our spending successes, when we stick to our budgets, and even the failures for those times we seem to have forgotten that our budget even exists.
I also hope that you will find some of the information on living on a budget which two small children useful for you and your own family. Until then, happy budgeting!