Here is what our goals for June were:
Credit Card Debt :: $41,699.18
Taxes Owed :: $ 4,053.83
Personal Loans :: $ 5,349.00
Total Debt* :: $51,103.01
And here is where we were after 6.30.09:
Credit Card Debt :: $42,186.12
Taxes Owed :: $ 4,196.49
Personal Loans :: $ 5,399.83
Total Debt* :: $51,782.44
Our goal was that we would pay $3,144 toward debt, with a net reduction of $2,696. We were $680 short of that goal this month – owing to a big clothing purchase, annual fees and a few payments that are going out in July instead of June. That brings us to over $9,500 in debt reduction since 2.26.09!
We spent $371 more than we had budgeted ($50 due to annual fee on cc and 140 due to overdraft charges due to an autopay issue – more on that soon), but we also has $292 more come in than we had budgeted for, so we are technically only $78 “in the hole” for the month. We are still struggling with the food planning – it’s better than it has ever been, but there is a lot of room for improvement. I’d love it if we could come under each month and put that money toward a great dinner our on our anniversary or such.
We’ve got over $235 in savings this month, up from $120 last month. I anticipate that July will bring even more and we may have a true Emergency Savings account established.