We set goals, revised those goals to be more aggressive and then revised them again to be even more aggressive. I set a budget based on living lean and then I continued to scour the budget to find ways to cut our expenses even further.
And it’s paid off.
We’ve stashed nearly 8 months worth of expenses in our Emergency Fund and we’re on track to completely pay off our debt by the end of 2011.
Obsessing over debt paid off because we made a plan and stuck to it. Our plan is on autopilot and now it’s time to move on. Any energy I devote to getting out of debt now has limited returns because we’re doing everything we can do, we just need to keep doing it.
So now it’s time to move on. From this point forward I’m going to devote my energy to increasing our income. I’m a stay at home mom to my 2 month old son, so I’ll be focusing on online business opportunities. I’ll look at everything from monetizing this blog to starting an online business. And I’ll write about my journey here.
I hope by this time next year I’ll be kicking some butt on a new set of goals based on creating wealth.
For my friends in the UK, check out this page for some great tips on how to get out of debt.