This past month we had something else very exciting happen to us - we finished paying off my student loan! This means we are officially debt free!!!
I know financial stuff can be a bit of a bore to read through. But I am a total nerd and find it exhilarating to read and learn about, especially when I can apply it to my life.
If you're like me and get all giddy when it comes to finances I'd recommend looking up a few fellows to help expand your thoughts on this matter.
You've probably already heard of him, but if you're looking to get out of debt or not knowing where to start with taking charge of your finances,
Dave Ramsey is who I'd recommend. He's a great motivator, and his "baby steps" are great for those who feel like they have no idea what they are doing.
If you've already set up your financial foundation and want to stretch your frugal muscles some more, I'd recommend heading over to
Mr. Money Mustache's blog*.
(Beware you may stumble across some explicit language) He has some great suggestions to help you shift your views on financial freedom and general consumerism along with some good info to help you get started right in investing. The forums over there are also extremely helpful (and free!).
Our plan from now on is to stay out of debt. We have one credit card open that never keeps a balance on it (but we do get rewards points!) which we will keep open and we will probably be looking to buy a house in the next five years or so (depending on our status with the Army). These are our only exceptions to the no debt rule.
Next step is to open an IRA account! We even have the money set aside for this. We just need to sit down and do it. But of course not a lot gets done around here with a toddler and a brand new baby in the house :)
*I'd really only recommend Mr. Money Mustache, but reading one of Dave Ramsey's book is what got me interested in finances in the first place so it feels wrong not to mention him.