March 2010 :: Report

Debt Reduction

Our goals for March were:

Credit Card Debt    ::  $ 32,265.89
Taxes Owed              ::  $          00.00
Personal Loans        ::  $          00.00

Total Debt*              ::  $ 32,265.89

And here is where we were after 3.31.2010:

Credit Card Debt    ::  $32,638.12
Taxes Owed           ::   $       00.00
Personal Loans      ::   $       00.00

Total Debt*             :: $32,638.12

*does not include school loans

We were almost $400 away from our goal, but we met our minimum payments, at least. Here’s hoping next month goes a little smoother ( I have a feeling it will).

Budget

I hate to sound like a broken record. I hate to sound like a broken record. Sorry, a little humor makes it all more palatable. We had major car repairs this month, so we took a hit of about $1,300.  Ouch.  I was also on vacation the last week of March (road trip) so our dining out and gasoline was higher than normal, too.

Savings

Savings Goals for March:

Regular Savings  :: $     140
Family Leave       :: $  1,147
Emergency           :: $     517

Total Savings      :: $   1,804

Where we landed at the end of March:

Regular Savings  :: $   32
Family Leave       :: $  797
Emergency           :: $  504

Total Savings      :: $ 1,333

We had to clean out some of our regular savings to offset some of the car repair costs, which didn’t feel too good. But it felt better once we realized that we didn’t have to incur long-term credit card debt in order to get the thousands of dollars of work completed.

We also bought my husband’s plane ticket home (he has a week of furlough from his job, so we are sending him home for the first time in over 6 years) from the Family Leave fund. But that is what it is for, so we can’t feel bad about that either.

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