Are you financially fit?

I can say without feeling as though I’m bragging that Jeff and I know our finances. Our financial decisions are usually made pretty responsibly and with much caution. One of our biggest fears is a bad credit score and while some of you are probably laughing and thinking we’re insane- it’s what keeps us motivated to pay our bills and keep us ahead of the game.

Our Credit card debt is much higher than we like, but until Jeff’s hours go back up or I am done with school it is something that we will have to deal with. We usually take whatever lump sums that come our way to pay ahead on our vehicle loans and the rest either goes into savings or to pay down a debt.

Don’t get me wrong, after taking the BillsIQ test, there are things Jeff and I can improve upon. Our score came up to 87% and while it is not the greatest, I don’t think that is a horrible score. I know the reason for my score and am willing to bust my buns to turn that number around. Some of the questions they ask on the test make you stop and think a lot about your future.

If Jeff and I had the extra money, we’d set up a college fund for both of our children. We’d also put a lot more away into our 401K plan. We might not have a lot of money in Ethan’s savings account or in our 401K, but we have at least started. I figure that once I am done with school, Jeff will be able to put a higher percent of his check into 401k and I will be able to create one with my career, which at least puts us on the right path to our future.