Guys. I am so excited about this post that I couldn’t wait to get it written!! February was very good to us and we made BIG strides on our debt repayment.
When I juggled our various bank accounts and looked at what we were going to be able to do, I couldn’t wait to call the Hubby and share my excitement with him. It feels like we’ve had a boxing match with one particular credit card for over a year now. It’s tiring! I’m ready to win this battle.
January was a big month. I was so busy blogging every day of the month that I didn’t have time to spend money. That’s not a bad thing!
I think it’s great when you can find frugal hobbies and activities to occupy your time. Not that us parents have a lot of free time, anyway.
I’m a huge fan of creating S.M.A.R.T. goals for myself and my family. The years we write down goals that are specific, measurable, attainable, realistic, and timed are the years we make things happen.
And boy did we make things happen in 2016.
We set our sights on our biggest credit card debt. We decided to focus exclusively on that single debt. While others need the quick win of paying off a smaller debt, we wanted to take out the monster.
Way back in January, I published our family’s list of goals for the year. I’ve learned over time that if I don’t write down Specific, Measurable, Attainable, Realistic, Timed goals, there’s no point in making goals at all. We also set a BHAG (a big, hairy, audacious goal) to pay down a chunk of debt that amounted to 19% of our bring home pay. We wanted to shoot for the stars!
So how did we do? Well, we reevaluated those goals several times. We finally realized that we would have to set aside some of our goals to focus more on our BHAG.
This year has been a whirlwind. We had no idea what a complete impact a simple phrase would make on our whole lives a year ago. But I’m so happy with how far we’ve come.
Barring something big happening, we aren’t likely to reach our entire BHAG (big, hairy, audacious goal). But we’ll be closer than we’ve ever been. We’ve made changes that will last well beyond our #yearofno.
Sometimes I wonder if my Hubby regrets uttering the phrase #yearofno. He came up with the hashtag, and I grabbed it like a baton and ran with it! But honestly, I know he’s as relieved by the change in our finances as I am. (Maybe more?)
#Yearofno has been a serious game changer in our lives. It’s less about a spending freeze and more about a change in thinking. I’ve learned so much in these past 10 months!