Financial Update: May 2016

There's a reason I've been dawdling around for two weeks, putting off last month's debt-free-journey update. I've been stalling because I'm embarrassed. Embarrassed. Ashamed. Frustrated. Fed up. Done.

This should have been the month we paid off Chase. No, April should have been. Technically, March should have been. See where this is going? Ever since we joined Beachbody back in February, we've been struggling to fit Shakeology-for-two into our budget, and to be honest, that's derailed us. Significantly.

We finally had to face the facts this month, and that's what I'm forced to do in this post. After four months with Beachbody, our credit card debt has increased. Why? Because I foolishly put our monthly Shakeology and monthly business service fees on the Chase card. WHY?! 

One simple, painful reason: because we can't afford it.


I said it. It's out.

As a Beachbody coach, I was earning commissions each month, but not enough to cover one of our two bags of Shakeology. And guess what? Monthly purchases like these are required for coaches.


Such shame.

When I logged into my Chase account toward the end of May and saw our balance, I felt sick. How had I been so stupid?! How had I bought into such a scheme?!? How long could I keep doing this, dragging things out, delaying our plans, putting our future on hold?!? I had such high hopes for Beachbody, but I could hear Dave Ramsey's voice in my head. I knew I had to do something before I dug the hole any deeper.

I quit Beachbody. I canceled our monthly Shakeology orders which canceled our coaching accounts. And though I was so immensely disappointed and remorseful about having to do so, I felt an overwhelming sense of peace and relief when I got the confirmation email that my account had been closed. I knew it was the right thing for us to do at this point in time.

So. This is where we stand:

Even though we worked hard there at the end to put as much extra as we could onto the Chase card, we still came out with a higher balance than we had in April, thanks to Shakeology and our St. Louis hotel stay.

On a positive note, I should add that we're feelin' pretty fired up now. This was the final straw. I'm SO done with credit card debt at this point, and you can bet that we're gonna be doing everything we can to destroy that balance in June.

Stay tuned.

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