8754ed0d8e9244688e5c04bdf2bed29cSo, Bookworm needs braces.  We’ve known this day would come, but we kind of buried our head in the sand and ignored it.

However, now that he is almost 11, the time is here.  Yikes!

We saw an orthodontist at the beginning of February who recommended a two part treatment.

Phase One

Phase One will last 9 to 12 months.  Bookworm will need to be fitted with a piece of metal on the roof of his mouth to gradually widen his upper jaw.  He’ll also need to wear head gear at night.  (Poor kid!  I don’t know how he will sleep!)

Phase Two

This phase will likely last 15 months and will be when he is wearing braces to straighten his teeth.

The Total Cost

The total cost for both phases?  Oh, just $3,330 after insurance.  (Thank goodness for insurance!)

We had the choice to pay in full, to pay via monthly payments that are interest free, or to pay in phases.

Even though I know the payments are interest free, I really, really never want to make payments on anything ever again.  I want to pay cash and be done.

How We’re Paying Cash for Braces

We set a goal to pay cash for Phase One, which will cost $950 after insurance.

  • Immediately after our consultation, I designated one of my jobs as “braces money.”  All the money I make from that job no longer goes in our regular budget but goes straight to the braces fund.  Doing this, I saved $487.84.
  • Two of my other clients paid late.  Since our budget was okay without that money, I funneled it all to the braces fund.  That was an additional $250.30.
  • My mom owed me $25, so when I got her check, it went into the braces fund.
  • I sold a textbook and earned $20.09.  Yes, right to the braces fund.
  • That gave me a total of $783.23.
  • I found out from my accountant that because I had decreased my workload so dramatically, I wouldn’t need to pay any quarterly taxes in 2015.  I already had money saved for my January estimated tax portion, so I took $166.77 from that fund to save the remainder of what we would owe for Phase One.

Bookworm will start Phase One in just a few days.

I am so happy that we were able to save this money in less than two months and that we will be able to do Phase One without payments.

The real challenge, though, will be saving up for Phase Two.  Honestly, I’m not sure that we’ll be able to pay that one entirely in cash since it’s $2,330, but we’re going to try using the same strategies.  We have a nine to twelve month window to save, and we’ll save as much as we can.

Did your children have braces?  If so, how did you pay for them?