January 2010 :: Report

Debt Reduction

Our goals for January were:

Credit Card Debt    ::  $ 37,481.48
Taxes Owed              ::  $    2,609.66
Personal Loans        ::  $          0.00

Total Debt*              ::  $ 40,091.14

And here is where we were after 1.31.2010:

Credit Card Debt  ::  $37,469.86
Taxes Owed          ::   $  2,609.62
Personal Loans    ::   $       00.00

Total Debt*            :: $40,079.48

*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 $890. And we were able to beat our reduction by over $10!

Budget

We were about $750 over budget this month owing to another (arggggh) truck repair, as well as some elevated utilities that we needed to get caught up. We were only about $160 over on our monthly food budget, which is a marked improvement over some other months, but this was mostly due to the fact that I started a new diet program and we had to purchase a few specialized foods.

Savings

Savings Goals for January:

Regular Savings  :: $     30
Family Leave       :: $  690
Emergency           :: $  205

Total Savings      :: $  925

Where we landed at the end of January:

Regular Savings  :: $      49
Family Leave       :: $  697
Emergency           :: $  470

Total Savings      :: $ 1,216

We were able to replace some of the funds that we took out of our savings in December, so that gives me some comfort in case another emergency comes up.

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