February 2011 :: Goals
Our goal for February is to pay $1,600 toward our debt. Taking into account the interest that will be charged ($180) , the net will be $1,420.
So our totals at the end of February should be:
Credit Card Debt :: $ 20,472.35
Taxes Owed :: $ 00.00
Car Loan :: $ 15,690.11
Personal Loans :: $ 00.00
Total Debt* :: $ 36,162.46
*does not include school loans
And now for the Savings Goals – at the end of February, we aim to have:
Regular Savings :: $ 120
Family Leave :: $ 600
Emergency :: $ 717
Total Savings :: $ 1,437
According to MSN Money, our debt-free date is :: March 24, 2013.
Congratulations on sharing your financial goals. Best wishes to your success!
In the Savings catagory, what do you mean by “family leave” is that like vacation $ or $ you are saving to take time off when you are on FMLA (for the adoption?) I was just being nosey. LOL
Hi Shannon!
No worries about prying – it is a great question!
The “family leave” account is actually for both and a tiny bit more. We’re using it for vacation and for wage replacement for the adoption process. We’re also using it for any family emergencies/events – ailing grandparents, flying nieces and nephews out, etc. It is basically money set aside to nurture family bonds.
Ahh…that’s a really great idea actually. Thanks for sharing!
Looks like you’re making great progress! It’s always encouraging to see, as I’m on the same journey you are on. Keep up the great work! I’m glad I found your blog.
Thanks so much! I’m working on getting my updates together – glad you are part of the journey!