Join our participants as they reduce debt and increase savings with the help of Summit financial coaches.
Emily and Ginger's Journey:
Winding Down and Gearing Up
This is our second to last blog with Project Money season 11. What a journey it's been! So much of our experience over the last seven months has been centered on reducing our debt, increasing our savings, and working towards building a sustainable budget. We've had many successes, including paying off our credit cards and our car loan. We refinanced our student loans and increased our savings and retirement contributions.
We started a 2020 family budget on a excel spreadsheet about six months ago and have been making modifications to it each month after important lessons have been learned or an elimination of a debt has taken place. Summit’s Climbr® has been so helpful for us in understanding our spending trends, so we've been able to adjust line items in our 2020 budget to reflect true spending habits. We've set up auto-transfers for each of our savings accounts, so we don't even have to think about doing a manual transfer. We are very happy to say that our 2020 family budget is in excellent shape and we will be entering the new year with confidence and a strong, sustainable, and manageable budget.
We couldn't have gotten to where we are without the wonderful on-going support and encouragement from our fantastic coach, Jamie Repasky! And a huge shout out to our Summit Financial Advisor, Jody Brown, as well! Summit Credit Union offers great financial planning options; go check it out!