Saturday, August 15, 2009
Well, almost. We still have the house.
But all the Rosehaven debt is gone! The final payments were put in the mail yesterday. Oh, what a feeling of freedom we have right now.
Rosehaven still has a couple of business "loans" where I have the product on-hand and I pay back the loan as I sell the items. And the Urban Botanic license is structured that same way, as well.
But as far as traditional loans, where a set amount of money is expected by a certain day of the month—all gone, but the house! Yippee!
If you're familiar with Dave Ramsey, we're on step 2 1/2. That's the one where now that we have the $1,000 in an emergency fund and the debt is gone, we're trying to figure out how to live on one income, so that DH can quit one of his jobs before we move on to step 3, which is having 3 to 6 months of living expenses in savings.
I ran the budget and we could totally do it—if we were willing to give up cable, cell phones, and do all our Christmas shopping at D.I. But DH doesn't want to be on that tight a budget. Plus, if something broke or he got sick, we'd be in trouble. So while I'm trying to build my freelance business income up, he's going to stay status quo for a few more months.
Now playing on my iPod: Celebration by Kool and the Gang