Getting out of baby step limbo!

There is a limbo that nobody talks about in the baby steps. Or at least, one that I'm currently hitting right now. We have the $1,000 in our emergency fund, but we don't have enough money in our checking to make additional payments to debt!

This is the limbo I am referring too. But, we aren’t in hell...I don’t think. *pinches self* nope, I am very much alive! So we have the option to do something about this!

Here are some of the ways I plan on getting out of limbo:
- do even more Overtime
- cut expenses
- Sell sell sell!

Overtime
As much as I’d love to relax with my family on the weekends, my work offers overtime on Saturday and Sunday.

https://pixabay.com/vectors/work-overtime-over-night-stress-3992714/

If I work 5 hours on Saturday and 3 hours on Sunday, that would give me $242 more that week (before taxes). I earn time and a half on Sundays (because who wants to work on Sundays).

The great thing about doing overtime on the weekends is I don’t have to do it all in one sitting! I can do 2 hours in the morning and 3 hours in the afternoon. It’s super flexible!

Cut Expenses
This part will be tough! One of the ways I can cut back is to try even harder to buy less at work. Maybe I don’t need that extra snack in the afternoon, or maybe I can pack my own lunch to work most of the time and buy lunch every other week. Every little bit counts!

Sell Sell Sell!
We have some items we’ve been meaning to get rid of, so why not try to sell it first! We made $20 last weekend selling a curio cabinet that was just taking up room in the dining room. Cha-ching!

Those are some of the ways I'm going to try and beat this limbo I’ve been stuck in. Are you in limbo too? What are you going to try and do about it! Tweet me @DitchinDebt and let me know!

Comments

Weekly Report: Vacation plans while paying off debt #4

This week was crazy for us. We are officially refinanced (which took what feels like an eternity) and this is our first week paying more for a whole week of daycare because my father, who normally watches my daughter on Thursdays, had surgery and is out of commission for a month or so. We are a bit worried about money this week because we've been paying so much debt the past three weeks. I think we went a little too hard but we'll be ok! So this week we didn't pay anything off, but we did start our taxes! We're expecting a lot for our tax return which we're hoping will make a nice dent towards our last credit card and our Disney trip we have planned. I know you're not supposed to go on vacation while doing this whole get out of debt journey but let's be real. As much as I love listening to Dave Ramsey every morning, he would say not to go on vacation until all my debt is paid off. But, I'm not a super hardcore Ramsinite who follows EVERYTHING he ...

Unemployment: The struggle is real

After five years at the same company, I was laid off. It came as a real shock, but I was getting the feeling something bad was going to happen. I was asked to come to a meeting room and two people from HR were there with a folder. They gave me information about cobra and asked if I had any questions. Obviously, I was still in shock so I said no. They asked for my badge and told me I had to leave and couldn't go back to my desk, which was filled with pop toys, my 8-month-old basil plant, and pictures of my daughter. Just like that, I didn't have a job or income. That happened on the 19th of February. A week has gone by and I'm getting into a rhythm of breakfast, games, applying for jobs, lunch, cleaning the house, repeat. But I'm really missing going to work. There's a saying, "you don't appreciate something until it's gone." and I feel that. Being laid off also threw a huge wrench in my "get out of debt" plan. The plan is being ...

Best way to relieve financial stress during a pandemic

We are living in uncertain times. People are being laid off, we can’t leave our homes, it’s a real mess. But, with this time you can prepare yourself and your families for the foreseeable future by learning about personal finance. You don’t have to be a expert on personal finance you just need to know enough to get by. With this check everyone is getting from the government it’s a great place to start! I have no interest in politics, and I don’t know where the government made this money appear from, but I’m trying to get myself and my family out of debt not the United States! So free money is free money, as long as I don’t need to pay it back later with interest. So let’s pretend you’re a family of 3, you’ll be getting 3k from the government (woohoo). Instead of putting that towards a bill, save some of it. People have a lot of opinions on how much they should save for an emergency fund. My opinion is, it depends. When we receive the check, we’ll be putting at least 1k in our s...

Ditchin' Debt

Search This Blog