February 2011 :: Goals

Our goal for February is to pay $1,600 toward our debt. Taking into account the interest that will be charged ($180) , the net will be $1,420.

So our totals at the end of  February should be:

Credit Card Debt    ::  $ 20,472.35
Taxes Owed              ::  $          00.00
Car Loan                     ::  $ 15,690.11
Personal Loans       ::  $          00.00

Total Debt*              ::  $ 36,162.46

*does not include school loans

And now for the Savings Goals – at the end of  February, we aim to have:

Regular Savings  :: $     120
Family Leave       :: $    600
Emergency           :: $    717

Total Savings      :: $ 1,437

According to MSN Money, our debt-free date is :: March 24, 2013.

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January 2011 :: Report

Debt Reduction

Our goals for January were:

Credit Card Debt    ::  $ 21,645.18
Taxes Owed              ::  $          00.00
Car Loan                     ::  $ 15,939.99
Personal Loans       ::  $          00.00

Total Debt*              ::  $ 37,585.17

And here is where we were after 1.31.2011:

Credit Card Debt    ::  $21,642.04
Taxes Owed           ::   $       00.00
Car Loan                  ::   $ 15,940.42
Personal Loans   ::   $       00.00

Total Debt*             :: $37,582.46

*does not include school loans

Budget

Since I moved over to Quicken, I’m still trying to figure out the budget reporting – it isn’t working the same way as I was used to with MSMoney. But, from what I could tell, things went really well – we will see!

Savings

Savings Goals for January:

Regular Savings  :: $       50
Family Leave       :: $    640
Emergency           :: $    773

Total Savings      :: $ 1,463

 

Where we landed at the end of January:

Regular Savings  :: $  104
Family Leave       :: $  539
Emergency           :: $  700

Total Savings      :: $ 1,343

Not as much as we wanted, but, still, we’ll continue to work on it.