April 2013 :: Goals

Our goal for April is to pay $2,700 toward our debt. Taking into account the interest that will be charged ($412) , the net will be $2,298.

So our totals at the end of  April should be:

Credit Card Debt $  17,141.96
Taxes Owed $        00.00
Car Loan #1 $    8,829.19
Car Loan #2 $  14,709.19
Tuition $      705.66
Personal Loans $        00.00
Total Debt * $ 41,386.00

*does not include school loans

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

Regular Savings    :: $   325
Emergency           :: $   550

Total Savings      :: $   875

According to Quicken, our debt-free date is :: October 2015.

March 2013 :: Report

Debt Reduction

Here is where we were after 3.31.2013:

Credit Card Debt               :: $    17,924.96
Taxes Owed                   :: $            00.00
Car Loan  #1                    :: $       9,381.81
Car Loan  #1                    :: $     14,949.50
Tuition                           :: $       1,705.66
Personal Loans                 :: $           00.00

Total Debt*                        ::  $ 43,683.62

*does not include school loans

Yes. It is difficult to watch that total go up. But we really did our best to get every last mile out of my old car (yay for getting past 190K miles!) and it was time. So, now I have a safe car, with good gas mileage to get us around. This is life.

Budget

Guess which category we struggled with? Yup. Food. Sigh…

We also had a lot of pre-summer camp fees to pay for registration, so there was a bit of spending there, but we’ve got that budgeted, so it isn’t like we weren’t prepared.

Savings

Where we landed at the end of March:

Regular Savings  :: $     165
Emergency        :: $      00

Total Savings      :: $   165

That’s $25 less than we wanted and a lot less than we wanted for the Emergency Fund, but the new car purchase impacted quite a bit of that.