Organized Simplicity…and organized finances!

Work is keeping me soooo busy, but I am happy to report that things are going well and we are making great strides on our long term and short term goals. I am trying to keep motivational reading material on hand as much as possible and I found this great book called Organized Simplicity at the public library. I love how it tackles some of the annoying domestic tasks that none of us seem to know how to do well like (like folding fitted sheets!) and reinforces the notion that simplicity comes from downsizing one’s lifestyle, which is our current mission.

Modestly sized Gilbert home (1,340 sq. ft)

Modestly sized Gilbert home (1,340 sq. ft)

We know that our ability to become home owners in the future is very dependent on our ability to pare down our debts and we have made great progress these last few months. Last year, our income was tying up some 40% of our take home income and now it only takes up 17% of our take home income. After doing some basic numbers, it looks like we can even bring that number down below 14% before the year is over. Granted, we still won’t become home owners this year, but after having been unemployed all of last year, I am very content with our progress. We were very fortunate to have been introduced to Dave Ramsey’s Financial Peace University from our friends, Ken and Jacquie, and we continue to put these values into our money management style.

This year, so far, we have paid off our personal loan, a credit card, and most recently, my car. We should be able to pay most, if not all, of another credit card. I am getting pretty excited about the progress we are making and how soon enough we’ll be able to start saving for a house and expanding upon our other savings goals. We started tackling our debts seriously in 2011 and while our progress has been slower than I expected, I am happy we got to where we are today.


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