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Hey! We’re Omar + Kim.

A married couple making someday a reality all while balancing family + finances + avoiding debt. Find out more about us, here.

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Quite a ways to go to get to 100%, but that’s ok. We’ll get there. 🐢

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November Recap || We made a lot of payments towards our mortgage principal in November in order to get to $101k. Besides our regular payment ($1139.46) and the RSUs ($1500), everything else came from all the transfers we did that are outlined in the picture, sometimes twice in one day. Lol.
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The $95.54 payment is something we have setup to automatically withdraw from our account towards the mortgage. We did this because it’s what we would have needed to pay extra in order to pay the mortgage off in 15 years from the time we purchased the house (after we refinanced to a 15-year mortgage). So this was setup before we even started our #mortgagefreejourney.
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On Nov 21, we made the $1500 payment with the RSU money. That got us to $102,020.62. When I saw that we were only $20.62 away from being an even $102k, I told Omar he better find some money in the budget to put towards the mortgage. 🤣 And so he did another transfer of $20.62. Lol.
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And before I could even post about us reaching $102k, we did another payment 6 days later that brought us to $101k.

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T H E C H O I C E I S Y O U R S!

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Soooo close to $100,000. We can feel it!! 💃🏽 🕺🏽

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And to think our original goal for the year was $23,000. 🙌🏽

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The total for our mortgage principal payments for November was $3924.33.
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$878.46 came from our regular payment, $1525.25 came from our budget, and $1520.62 came from RSUs.
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This is the most that has come from our budget all year. We did have a 3-month check though. And we both agreed that we wanted to put $1000 towards the mortgage from it.
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Now we’re in the last month of the year, and we’re hoping to finish up strong. How’s everyone else’s #mortgagefreejourney going? Is it looking like you’re going to meet your goal for this year?

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Several posts back, we posed a question. After many talks we decided to use the additional funds to fund our youngest son’s 529. Our reasoning is:
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1. We’re making incredible progress on paying the house off. We’re hoping to be done much sooner than we first thought.
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2. We’re investing 20% of our income for retirement and it’ll just increase once we pay the house off.
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3. To fund our youngest son’s 529 this year, we used our tax refund. Since those aren’t guaranteed (and we actually owed taxes the last couple of years prior), we don’t want to rely on that. So we agreed that it’s better to fund his 529 ourselves instead of depending on a windfall. Plus, Omar received the gift of going to college debt free and we want to give that gift to our kids.
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Thanks to those that left their feedback!! ☺️

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I probably should’ve posted this a little sooner given that Black Friday and Cyber Monday have passed. But there’s no time like the present, right? 🤷🏽‍♀️ And besides, someone might need to hear this regardless of if it relates to the holiday shopping season or not.
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This does come to mind particularly for this time of year though because it’s typically when people will be buying for several people, if they’re going to buy anything at all.
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I like to give gifts during this time, and as long as my list is, there’s no way our budget could handle it if I didn’t plan to spend. I literally make a list, set a budget per person, and try to come under budget because I consider that winning. Lol.
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However, it hasn’t always been this way. When I was without a job and couldn’t afford to get other people gifts, I let those who usually would get me something know that I couldn’t get them anything and they didn’t need to get me anything neither. Was it easy to admit? No. But I felt better once I said it and knew that I wouldn’t be adding to my debt that I currently had no way of paying.
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So regardless of if you are planning to spend or planning to not spend this holiday season, either way make a plan. Stay true to yourself especially if you’re planning not to spend. And stay true to your budget if you are!

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We’ve been debt free for over 4.5 years now. Just like becoming debt free didn’t happen without a plan, maintaining a debt free lifestyle didn’t happen without one either.
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On the blog, I decided to share 5 things we do to help maintain our debt free lifestyle and why we choose to do them.
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Yes, one of them is budgeting and one of them is actually spending money. Click the link in our bio to find out what the other 3 are.
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Once you become debt free, what are you going to do to maintain a debt free lifestyle? Have you given it any thought? If you’re already debt free, what are you doing to stay that way?

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