November 2009 :: Report

Debt Reduction

Our goals for November were:

Credit Card Debt  ::  $ 38,889.55
Taxes Owed         ::  $    2,940.23
Personal Loans    ::   $           0.00

Total Debt*           ::  $ 41,826.78

And here is where we were after 11.30.09:

Credit Card Debt  ::  $38,983.92
Taxes Owed          ::   $   2,961.70
Personal Loans    ::   $       00.00

Total Debt*            :: $41,945.62

*does not include school loans

Good month in the debt reduction department!!! Our goal was that we would pay $1,260 toward debt, with a net reduction of $896. Our total reduction for the month was $780. This was a little lower because of two late payment fees (which I’ll fight because they are due to the card companies moving dates to get in compliance for Feb 2010), so that is disappointing, but we still went another month without using a credit card (whoo-hoo!) so we do feel accomplished.


I am so proud of us for staying closer to our budget this month. My hubby and I really worked on keeping food costs down, and that made a huge difference.  We had about $200 extra for household items because of the move, and there will be few more of those popping up in the next month, too, but overall, it was a better month.


Savings Goals for November:

Regular Savings  :: $    300
Family Leave       :: $ 1,250
Emergency           :: $    535

Total Savings       :: $ 2,085

Where we landed at the end of November:

Regular Savings  :: $  437
Family Leave       :: $  605
Emergency           :: $  533

Total Savings      :: $  1,575

This is lower than we wanted to be, but that is because we used part of our Family Leave budget for a family medical procedure (for which part of what this budget was designed). Still, we are glad we have so much in savings, because the beginning of December started with a $700+ car repair (gulp)…


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