In Two Months…

…we should have one more of our debts paid off!

It would have been November, but I felt like we needed an early success, so I paid an additional $62+ this month on it so that the next two auto payments would be the last.

This would be one of the credit cards that my husband closed and re-negotiated the debt in 2008.

It was a 58 month term (4 years 10 months), but by¬† October, we will have done it in 3 years 10 months (whoo-hoo!) which makes me proud of us. We might have done it sooner had the events of the last year not transpired, but we’ll continue to be grateful for the progress that we HAVE made.

How Much Detail Do You Want?

Hey Readers,

As I peruse my fellow debt bloggers, I’m seeing an uptick in the amount of people who are showing their individual debts (i.e., Credit Card #1, Credit Card #2, Personal Loan, etc.)

Should I add that to the site? Would that be something in which y’all would be interested?

Please let me know – I’ll put the effort in if you think it would help with accountability and communication! ūüôā

What’s the Frequency?

August 2012 :: Goals

Our goal for August is to pay $1,978 toward our debt. Taking into account the interest that will be charged ($305) , the net will be $1,602.

So our totals at the end of  August should be:

Credit Card Debt      ::  $ 20,623.94
Taxes Owed            ::  $        00.00
Car Loan                 ::  $ 11,006.37
Tuition                   :: $    1,705.66
Personal Loans        ::  $        00.00

Total Debt*              ::  $ 33,350.97

*does not include school loans

And now for the Savings Goals Рat the end of  August, we aim to have:

Regular Savings  :: $     40
Emergency           :: $   500

Total Savings      :: $   540

According to Quicken, our debt-free date is :: November 2014.

Numbers Update :: 8.15.2012

The Numbers

And here is where we are at as of 8.15.2012:

Credit Card Debt    ::  $ 21,095.20
Taxes Owed              ::  $          00.00
Car Loan                     ::  $ 11,275.68
Tuition                        :: $     1,705.66
Personal Loans       ::  $          00.00

Total Debt*              ::  $ 34,076.34

*does not include school loans

Budget

We put together a budget in mid-July as we found that things had calmed down enough to start taking a serious look at what was going on with our money.

Savings

Here is where we are in savings

Regular Savings  :: $      35
Emergency           :: $    208

Total Savings      :: $    243

 

Hey! I’ve Missed You, too!

Hello everyone!

It has been TOO long!

I have much to share about the last 16 months as that is how long it has been since I’ve managed to eke out any details from this rollercoaster life of mine, but I will just start with this:

  • Our foster daughters moved in a little over a year ago
  • They have special needs and it has pretty much consumed us for the last year
  • My husband lost his job at the beginning of the year (more on that later)
  • I had been on a reduced schedule (~55%) for the last year – I went back to full-time at the beginning of July
  • We have been struggling along on 1/4 of our normal salary, so we’ve made some steps backward to make ends meet.
  • Because of the consuming nature of older, special needs foster kids, we went without a formal budget for a year. Oh. My. Goodness.
  • I am back and we’re ready to re-embrace our accountability to ourselves and to YOU!

How have YOU been?