Monday, 17 July 2017

Squeaking Down The Home Stretch

I always keep an eye on my budget, this is just a fact of life and the major tool that I use to ensure my constant fiscal success. 

Without it I would not have been able to accomplish all that I have accomplished. It allows me to plan future spending as well as record current spending. 

All with an eye to keep me on track and steadily moving towards my goals, fiscal and otherwise.

As I have said before, I typically look at three payperiods: the one that I am in now, the next one, and the one after that; mainly the first two.

Every once in a while, I will take a look further down the road and continue to balance my budgets for each payperiods, steadily towards the one for October 22 (Total Debt Freedom Day.)

What I have feared has finally come to pass: I am down to the wire and in danger of missing that date. 

I mean that I can make the date, but I will have less than $20.0 in each of my three accounts (Main, Mid-Term and Long-Term).

So, as it stands now, I can make October 22nd and pay the Wanda Loan off . . . but I will need to do the following: 

1) Eliminate all non-essential spending from now till then (3 Months, 1 week away.)
2) Make my targeted minimum take home pay for each Payperiod.
3) Incur any unexpected and/or unnecessary expenses.
4) Don’t do anything stupid (no pressure).

Even if I have to push Total Debt Freedom Day back one payperiod or even take a cash advance from a credit card for one payperiod, that would not be so bad. 

I have set that date as my line in the sand and even set up budgets and target after that fact . . . as in planned out the Rebuilding Phase (estimated to take until Feb 22, 2018). 

After that comes the Savings/Wealth Building Phase! 

I will get this done, but it will take me digging deep into my bag of tricks to conserve every last dime that I can, in order to make that date and in so doing, buy my freedom.

After all, that is what this journey is all about . . . freedom.

As always: Keep your head up, your attitude positive, and keep moving forward!

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