Oct 9, 2014

Sallie & Perkins: An Update and Some Advice



Hi, all! We're back! I know it's been awhile (almost a month?! yikes!) but we've been so busy paying down our debt that we haven't been able to put together a post. Truly, all we've done is send our hard-earned money to this final student loan, so there haven't been a ton of updates along the way. We do always try to post our monthly progress though to hopefully motivate and inspire you all, so here's the latest scoop:

Sallie & Perkins paid off: $2,506 in September!!!

Not our biggest month but not our smallest month either in regards to payments. We're still trucking along, tweaking our budget and stalking our bank account daily it seems. One thing that has been really tempting to do is to dip into our emergency fund for things here and there, but we've been able to keep our hands off of it. If you're newer to our series, we committed to putting $1,000 in our savings account at the start of this journey to be used ONLY for emergencies. We've had to get into it for car repairs and for a broken furnace last winter- but we replenish it as soon as possible. Our emergency fund + a great insurance policy has saved us more than once.

Most people we know DON'T have an emergency fund or any type of plan for when disaster strikes. You know what's really scary? 76% of Americans admit to living paycheck to paycheck! Many of those people are people our age... the "millennials" they like to call us. We may be at a greater financial disadvantage than other generations. Saddled with student loans and a tough job market ? That could easily be setting us up for additional debt by not making sound benefit choices during open enrollment. So many of us are just one emergency away from financial disaster- but it doesn't have to be that way! Check out these stats that Aflac made public-- and don't let this be you! 
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So lug out those files, the ones I hope you keep! ;) Open enrollment at Aflac is here and there is no better time to review your insurance policies and figure out a few things! Find out what's best for you and your family and look at your budget. Insurance policies might not seem important, but they are, no matter what stage of life you're in. I can't imagine not having coverage and being stuck with an unexpected hospital bill, facing a major home repair or a pricey car repair I couldn't avoid.

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Don't let this stress you out, it's worth your time! Yes, sometimes looking over big "adult" stuff like this can feel like you're reading an encyclopedia- but it doesn't have to! Aflac is here for you and makes it pretty darn easy, too. The company’s voluntary insurance policies, which are designed to supplement major medical plans, pay policyholders directly for unexpected costs associated with a covered serious illness, injury or loss. In addition, the cash benefits can be used to help pay rent, gas, groceries, child care or any other out-of-pocket expenses a worker may have. Aflac offers accident, dental, life, vision, cancer, hospital intensive care and more voluntary insurance policies.
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What are you waiting for? Benefits matter and you'll be glad you took the time to look over them-- so hop to it

I was selected for this opportunity as a member of Clever Girls Collective and the content and opinions expressed here are all my own.

8 comments:

  1. Congrats!! These posts really are soooo inspiring! It's going to be the BEST feeling when you have your loans paid off! Plus you really are helping change so many mindsets! Eric and I have been blessed with living pretty debt free but you still inspire me to save as much as possible, pay down our jeep as quickly as possible, and stop spending on things we don't need! I love Sallie Perkins!

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  2. You are SO CLOSE TO BEING DEBT FREE!!!!!!!!!!!!! :) I can't wait to have a huge dance party/celebration when it's gone!

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  3. Yay for more debt being paid off...now I think you should celebrate ;)

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  4. Keep going S&P!

    Insurance is so important. We're in the process of updating our life insurance and living wills right now.

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  5. Yay for your goal progress!!!!! And it is super scary how many people don't have an emergency fund!!! Loved your take on this post! :)

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  6. Way to go, girl! Keep it up!!!

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  7. Your tax/document folder holder is almost exactly like mine (same shade of green, but sadly mine isn't nearly as cute 'cuz there's no flowers). #twins

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  8. I just went back to some of your first posts to remember how awesome it was when I first starting reading about Sallie and Perkins! I'm so happy to see how far you've come and can't wait to see the post we're you're DEBT FREE.. at least from Student Loans ;)

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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! :)

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