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Sunday, January 10, 2010

2010 goals: Back to Basics

I have been thinking about how to meet our goal in 2010 of continuing to pay off our debt and I think we have to get back to basics. If you've followed me from the beginning, you may recall the 7 Baby Steps by Dave Ramsey. We are going to concentrate on the first two to begin with:

1: $1000 in an emergency fund
2: Debt snowball

We need to get our emergency fund rebuilt. Then we need to get going on our debt snowball again. This month we are focused mainly on getting caught up from December (the income that I lost from some DHS kids that weren't attending regularly and then from being closed at Christmas). So that is my first goal: getting our "four walls" current. The four walls are: home/shelter (house payment, utilities, etc), cars (we don't have car payments, but we do have insurance and vehicle maintenance), clothes, and food. So mainly we need to get all of our utilities and other similar bills up-to-date.


Di said...

I think you are on the right track. Go back to square one and start over again. Reassess(?) your priorities and go from there. That is all you can do. The vehicle situations made you take several steps backwards, so now you just need to go forward again. I hope your pipes are okay.

KiddoKare1 said...

Yes, the pipes finally thawed out late yesterday afternoon. So far, no signs of any leaks. Phew!