February 2010 :: Report

Debt Reduction

Our goals for February were:

Credit Card Debt    ::  $ 36,770.86
Taxes Owed           ::  $   2,433.58
Personal Loans       ::  $       00.00

Total Debt*              ::  $ 39,209.44

And here is where we were after 2.28.2010:

Credit Card Debt    ::  $33,268.89
Taxes Owed           ::   $       00.00
Personal Loans      ::   $       00.00

Total Debt*             :: $33,268.89

*does not include school loans

Great month in the debt reduction department!!! Our goal was that we would pay $1,264 toward our debt, with a net will be $875. With our huge tax return, we were able to pay off over 17% of our current debt this month! Whoooo-hoo!

Budget

We were only about $300 over budget this month, but this was again mostly due to the fact that I started a new diet program and we are purchasing a few specialized foods.

Savings

Savings Goals for Februrary:

Regular Savings  :: $      65
Family Leave       :: $ 1,047
Emergency           :: $    485

Total Savings      :: $   1,597

Where we landed at the end of February:

Regular Savings  :: $   111
Family Leave       :: $  797
Emergency           :: $  502

Total Savings      :: $ 1,410

Not as good as we wanted, but we are still saving, so that is good.

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