August 2010 :: Report

Debt Reduction

Our goals for August were:

Credit Card Debt    ::  $ 24,319.22
Taxes Owed              ::  $          00.00
Personal Loans        ::  $          00.00

Total Debt*              ::  $ 24,319.22

And here is where we were after 8.31.2010:

Credit Card Debt    ::  $24,442.12
Taxes Owed           ::   $       00.00
Personal Loans      ::   $       00.00

Total Debt*             :: $24,442.12

*does not include school loans

Okay, so we didn’t get all the way to our goal, but we were very close, so I’m counting this as still-a-victory!

Budget

This month wasn’t that bad considering my in-laws were in town for a month. They come down every other year for a month and visit with us, and, before you know it, expenses are up. But, there was a difference this time — we didn’t charge a thing while we were with them. That’s right! We had an additional 6 people at our dinner table and at other functions and we paid cash! That means we slowed down on some of our savings and debt reduction goals, but to be able to do it all without charging: priceless!

Savings

Savings Goals for August:

Regular Savings  :: $     190
Family Leave       :: $ 1,288
Emergency           :: $    707

Total Savings      :: $ 2,185

Where we landed at the end of August:

Regular Savings  :: $   225
Family Leave       :: $  906
Emergency           :: $  688

Total Savings      :: $ 1,819

We had to dip into Family Leave for some family stuff as my husband’s  whole family was in town for the first family vacation. But, we are still building and that is good!

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