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Movin’ On Up.

August 17, 2022 This week we had a lot of exciting and life-changing updates and milestones. Dom has been hard at work paying down debt and sticking to a strict allowance weekly. After paying down his last credit card, his score skyrocketed nearly 80 points to the highest it has ever been! We are feeling extremely grateful we were able to work with Summit to find a budget and way forward with our financial situation.Perhaps the most exciting financial milestone we have to-date is…we are officially under 10% usage on all of our credit cards as of August 15! We have never been this close to being completely out of credit card debt in the 10 years we have been together. It feels amazing! Although, playing the credit score game is very confusing and seems counter-intuitive at times. The algorithm for which scores are determined can be very hard to crack if you don’t have sound guidance from financial advisors and we are so happy we have the one we do!In just two months we have been able to pay off nearly all our credit card debt and increase our savings. We feel even more motivated now to tackle personal loan debt so that we can be one step closer to being DEBT FREE.Some things that helped us are:
  1. Only spending a small weekly allowance after all bills, savings, and investments are taken care of
  2. Living below your means, just because you have it, doesn’t mean you should spend it
  3. “Treat yoself” within your allowances, don’t spend outside of that. Save up your allowance for a new thing instead
  4. For families, outings can be so expensive! We have decided to take advantage of the amazing weather we have been having and take free/little cost trips out and pack our lunches for the trip instead of buying food when we are out. It has made ALL the difference!
We feel empowered and ready to tackle the next four months. Thank you for following along! You might also be interested in The past six months have been so transformative for us, and it is hard not to get emotional as we write this last blog post. We are finally financially... And where the heart is, of course… This week has been so trying. We are all recovering (slowly) from the flu that hit us HARD. Dominique and Megan both... We are finally moved into our new home and fully out of our apartment. It was hard to say goodbye to the apartment we had many good memories in, but we... We finally closed on our home on November 30 and have been slowly working on moving responsibilities over the past few days. We have had to make a lot... This week we are coming off of a long weekend after Thanksgiving where we are feeling immense gratitude for so many things. We are thankful for our financial... We were notified this week that we have been cleared to close for our new home. We are so excited to move in and have been so blessed with amazing friends... This week we have been struggling with juggling multiple schedules, illness, outside priorities and activities, and a tumultuous election season. We have... This week we have been working on several things. Our son was accepted to our first-choice preschool and we have been overjoyed. With that joy, there is... This week we worked on spending less and we think we did a better job than previous weeks. We prepared a lot more meals at home and planned to not spend...