While we have made some good progress in June, it saddens me that the progress would have been even MORE, if we hadn’t of gone over budget during the month. Another “set back” was when we lowered our car insurance by switching to Progressive. We paid our 6 month premium up front, which came out of our “debt savings” category (see!?! I knew it would be raided if left around!)
I have now made a credit card payment with the full “debt savings” amount left, so that we can’t use it as a safety net any longer. Even though I made that payment on July 1st, I’m counting it towards June, since that is when it was saved up.
JUST THE CREDIT CARDS PLEASE!
At the beginning of June, we had $25,600 in credit card debt.
In June:
we paid $1,365 paid on our credit cards,
we SAVED $1,319 and let it in our high yield checking collecting interest,
we EARNED $31 in interest for a total of $1350, which has now been paid to credit card debt,
we paid no interest,
for a total of $22,885 credit card debt remaining.
We have paid almost 10 thousand dollars
We have paid down 29.49% of our credit card debt!
Yes! I'm trying to be gung ho here! Hip hip hurrah! Or something!
THE ENTIRE PICTURE
| credit | car | home eq | total | |
| may | $26,600 | $17,924 | $46,147 | $89,671 |
| payments | -2,715 | -443 | -366 | -$3,524 |
| interest | 0 | 74 | 246 | +$320 |
| june totals | $22,885 | $17,555 | $46,026 | $86,466 |
We lowered our debt by $4,874 for a total of $86.5K.
I have some updates about all our “TROUBLES!” with some not so good news.. I have postponed writing about it because at first I was too depressed. Now I’m not depressed anymore, in fact, I’ve turned a corner and am feeling pretty good! But I think we’re looking at a major shift in our goals and that is going to mean a shift in where this blog is going as well. I’ll update again soon!
Promise!