In January, Chris and I started a 13-week course in financial management and debt reduction called Financial Peace University, taught by Dave Ramsey. The basic plan is to completely eliminate consumer debt and increase savings. This course has already taught us a lot, but the most important thing it has done is to promote more communication between Chris and I about our financial situation. After a bluntly honest evaluation of our money and budget (or lack thereof), we knew we needed to make some drastic changes.
So we decided to trade-in our Honda Pilot and pay cash for an older model vehicle that would serve the same purpose -- to be driven around town and to transport our dogs AND a carseat to the lake in the summer time. After a few weeks of searching, today we took that first step! We traded in our Honda Pilot and bought a 2004 Honda CR-V. Pictures are below. So congratulate us! Today we got rid of $12,000 of debt. I think that's an excellent first step!