Our goal for November is to pay $1,100 toward our debt. Taking into account the interest that will be charged ($192) , the net will be $908.
So our totals at the end of November should be:
Credit Card Debt :: $ 22,673.22
Taxes Owed :: $ 00.00
Car Loan :: $ 16,450.44
Personal Loans :: $ 00.00
Total Debt* :: $ 39,123.66
*does not include school loans
And now for the Savings Goals – at the end of November, we aim to have:
Regular Savings :: $ 50
Family Leave :: $ 500
Emergency :: $ 741
Total Savings :: $ 1,291
The reason for the reduction is that we are going on our first real family vacation this month, and this is some of what our savings are for, right? We’d rather deplete those than charge more!
According to MSN Money, our debt-free date is :: January 24, 2013. I have to admit, adding a year to our debt-free date was really hard for me, but it is a real life, not a spreadsheet, so I will be thankful that it is only another year…