June was not the most successful month – money got tight at the end, and we had to pull back on some of our payments, which was discouraging, but this is a process, right?
Our goal for July is to pay $2,395 toward our debt. Of course, there is interest ($470) , so it won’t be a net reduction of $2,2950, but it should be around $1,925 – we’re getting really close to the $10,000 worth of debt paid off!
So our totals at the end of July should be:
Credit Card Debt :: $41,383.18
Taxes Owed :: $ 3,368.50
Personal Loans :: $ 5,120.00
Total Debt* :: $49,871.68
*does not include school loans
It will be great to get past that $50,000 mark!!
PLUS, I’m going to start adding Savings Goals, so at the end of July, we hope to have:
Regular Savings :: $ 180
Paternity Leave :: $ 165
Emergency :: $ 535
Total Savings :: $ 880