Sallie & Perkins: Evaluation

Hey LFF! Remember us?

It has definitely been awhile since we stopped in so we felt it was high time for an update and hopefully some motivation! We're no experts, obviously, but it helps us to share our debt journey with you all and hear from other people in similar situations. Student loans don't HAVE to be around your whole life. In fact, they SHOULDN'T be! We're getting more and more excited as we near the finish line, but the end is also proving to bring additional challenges our way.

For some reason, I thought the closer we got to being debt free, the easier things would get. I was so, so wrong. It's felt like quite the opposite, in fact. The more we paid off, the more we started feeling a bit more relaxed in our approach to debt. Like, hey! We're getting there, we're paying it off, this little thing here is okay, and that little spending won't hurt us. We really slacked off on sticking to our firm budget we started almost 11 months ago.
I think a problem for us was our budget itself. Yes, the very thing that's kept us on track all this time. When we started this crazy journey last June, our bills, debts and budgets were much different than they are now. But we hadn't made those concrete adjustments in our "master plan" so to speak. Sure we knew we had less debt now, we knew we'd reduced our cell phone bill payments, but did we have the bottom line number for each category still? The answer was no. And for us to keep up the intensity? We needed those specific numbers staring back at us every day.
So we sat down over the weekend and really took a long, hard look at our finances again. We updated our spreadsheets and set more challenging goals for ourselves. Instead of just guessing how much we were going to be able to pay extra each month (like we had been the past few months) we picked a set number that seemed to work with our budget and we plan to stick to it like glue. Trust me, it wasn't all fun and games. Receipts were flying and highlighters were flowing.
luAodf on Make A Gif, Animated Gifs



If you're in the process of paying down debt, don't forget to reevaluate where you are at financially every few months or so. Things change, and if you're anything like us, you'll need that exact figure written down to keep you on track. Don't let yourself fall behind simply due to non-planning! 

That being said, we are feeling more motivated than ever and still enjoying watching that number dwindle down. Since we haven't been around in awhile, we also wanted to share that:

Sallie & Perkins paid of $2,255.80 worth of debt in April 2014!!

Still a solid month despite a vacation and getting a bit off track on our budget. We're hoping to really put a freeze on any spending in May, which should be pretty easy with not a lot going on in our lives until the end of the month when we'll celebrate our anniversary. We want to treat ourselves to a nice dinner out, so the no-spending will be extra motivation for us to stick to our goals. When's the last time you really evaluated your budget?

30 comments

  1. I love these posts because they give me hope about my own debt AND the pictures always make me smile. And the GIF totally made me giggle, as well.

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  2. Awesome news! You're almost there!!

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  3. Awesome job, guys!! We've been gradually slimming down our budget--seeing if there was extra after this paycheck, how much less can we go (how much more creative can I be with groceries?) When you're saving for something big or paying off debt, it's worth it!

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  4. You are so very close! Great job!! These posts are my fav. The GIF is epic. =D

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  5. Keep it up!!! You're in the home stretch!!!! :) mwah!

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  6. You guys are AWESOME. But, I have a question... I had someone tell me recently that when you have a ton of debt like I do, it doesn't make a ton of sense to pay it all off like that, because it doesn't effect your credit... they said I should be using my extra money each month to build equity, etc. I'm just wondering what your take is!!

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  7. You guys rock!!! And just think.....after your debt is paid off...that's $2k+ that can go into your savings account every single month!! You'll have a nice little savings account in no time! :)

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  8. It doesn't feel like it's been 11 months?! You guys are rocking it and are so close to being debt free!!! :) These posts have been good motivation for me I just need to put a plan into action!

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  9. Ya'll are absolutely adorable to me! Your tips and bits have inspired me to push harder to pay off my debts as well. Thank you for sharing this!

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  10. I hate GIFs, but that one rules.

    Good reminder to set aside concrete amounts towards other bills as you pay down.

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  11. We are in major need of a budget. We have never had one. I think of all the money we've thrown away and want to cry.

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  12. I honestly really love these tips too. Always gives me motivation to look at my own debt! However, it blows my mind that you two are able to pay that much in debt every month. I'm about your age, with a decent job, and I'm not getting anywhere near that number!

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  13. I've missed you two :) You guys are doing so awesome! Keep up the good work!

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  14. You are amazing! Almost there! I just had to do the same thing with my budget because I FINALLY got to pay off another loan so I needed to reevaluate everything. It kind of gives you a little more motivation to keep going and not lose track.

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  15. I just love hearing from Sallie and Perkins! They are so motivating to keep me thinking about my own debt and reevaluating my plan of attack!

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  16. that is awesome! We are working on paying off our college debt but it's going to take us a few more years.

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  17. That's amazing! It must feel so great to have accomplished that! New follower and I can't wait to read more!

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  18. what a great accomplishment! I just did a post about budgeting. We used the Dave Ramsey method and it totall works for us. For us we have a meeting every month, sometimes a few times a month to make sure we're still on track for our budget. We talk about expenses that suddenly arise and things that we thought we had to pay but didn't and what to do with the extra money. It's really worked for us, we've been doing a monthly budget like that for about 3.5 years!

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  19. That is a pretty decent amount of debt!!! :) Go you go!!! April was a rough month for us finance wise, we had to tighten our budget, give up our envelope money and my husband even sacrificed the funds he'd been saving to buy a gun. :P When you have to pay taxes (more than last year, we weren't expecting that... it made no sense), insurance and decide to buy a house all in the same month, things get a little crazy! I'm excited to get this house business out of the way so our finances can go back to somewhat normal..... except that we're still going to be making an extra house payment to ourselves, not to save for a house, but to save for refinancing and getting out of PMI. Oh money... so painfully necessary...

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  20. This "gif" is the best thing I have ever seen. You two crack me up.

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  21. I LOVE YOUR GIF!! OMG!! Best thing ever!

    In other news, I need to sit down and do this to pay off my debt before it gets too out of control. You guys are an inspiration, for real!

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  22. This is hilarious! I am so glad I found your blog before this came up so I didn't miss it.

    With any attempt at growth or self-improvement, it's easy to get a little too comfortable and loosen the reins. Congrats on getting back on track and paying down so much debt!

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  23. Such good advice to re-evaluate a budget every few months! I know I suck at doing that. Also, now I'm motivated to really look at our budget... it's on my to-do list before this kiddo comes, and I'm dreading it! This whole one-income thing is going to take some adjusting to.

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  24. Is it weird that I can't wait to graduate and get a big girl job so that I can start paying down my debt? Seriously at least once a week I think about how awesome it will be to make extra payments on student loans and our future mortgage and how great it will feel when it is paid off.

    You guys are doing such a great job!

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  25. That is awesome you paid off that much again! I so need to get back on track! At the beginning of the month I had high hopes to limit my spending on fast food, etc. 4 days in we screwed up and it has been that way since :( Hoping to turn things back around for May!

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  26. Oh my gosh, I'm dying over here. Y'all are so funny and your facial expressions are amazing. Thanks for the laugh. Oh, and congrats on paying off that debt. Yay!

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  27. I love you two! You're so entertaining! And you should be very proud of how much you paid down.

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  28. omg that GIF!! I DIE!! You two are hilarious!!! and holy crap..that is a HUGE amount paid off! amazing!

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  29. I love all the advice and information that you have given us. Good Luck with everything!

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Thanks SO much for taking the time to read and comment on my blog! I read each one and love to respond and chat with you! :)