Baby Emergency Fund Has Been Funded!

As I posted a couple of days ago we received a sum of $2200 from a claim for dhs military retirement move.

$1000 I have already sent to our ING account for our baby emergency fund! That leaves $1200 left over. We will be owing property taxes on our investment property but since we asked for it to be reviewed with a reassessment we do not know how much it will be. Certainly not the $2600 originally estimated but the lady at the town office hadn't heard as of yet. Also, since we bought our house in July and the bill runs from April to April, we will owe only 9 months of taxes opposed to the full year.

What dh and I will be doing is to start paying down the credit card debt in the mean time. $1000 on the credit card. The remaining $200 will be put aside to go towards our investment property taxes and each payday we will set a certain amount aside as well. Once our property taxes are paid in full this is where our freedom account comes in for our irregular expenses. We will divide up the yearly amount of taxes and each month put in the same amount of money so that by the following April we will be able to pay that off in full.Our Freedom account is also with ING so we will benefit from having the interest added to whatever the amount of money which is in our account YAY!

I am very proud of us because there was a time when dh and I would have said well, lets keep making minimum payments on our bills and spend that $2200 elsewhere, "We" deserve it! We realize now that what "We" deserve is to be debt free,to have freedom and to live a stress free life :). We owe ourselves that much to say the least.