September Debt Totals

*I started writing this before all my statements came in so I could get a jumpstart on my progress report, but right now, I am DYING waiting to figure out if I met my goal of getting under $9000 after stupid tax interest!!!! (9/13/17)

Debt progress is still slow, but better than last month.

During the month of September, any extra money from No Spend September has been able to go toward debt, but it’s never enough.

For me, the biggest “pro” of this month was that all of our debts decreased, including our credit card! Some of our debts decreased more than others, but they all went down! YEAH! And we have continued the trend of decreasing out debt every month! I am so done with any increases in our debt total!

Our new normal is killing our debt snowball! So much of the snowball money we used to have is now being funneled towards paying higher bills.

As of my last update in August, we owed a total of $23,118.63. We came nowhere close to coming under $20000 in total debt, but we did make decent progress.

Here are our current debt totals:

            $8968.78        Credit Card at 15.74% - current minimum payment is $231

            $1100             The Boy (To pay off our other credit card, we borrowed from him.)

            $1050             The Girl (To pay off our other credit card, we borrowed from her.)

            $10305.25      Car loan at 0% - payment is $345

Our current debt stands at $21424.03

Debt payoff wasn’t as much as I would have liked (but when is it ever?), but it was much better than my last update! We paid off $1694.60 of debt. That is almost $1700 of debt we will never have again! Percentage wise, we paid off just over 7% of our total debt. And I reached my goal, under $9000 in credit card debt! That's a number we'll never see again!!!!

Looking at the numbers, I’m hoping to keep decreasing. Ideally, we’d be able to get under $20000 in total debt owed by my next progress update. but that is still a stretch. There really isn’t anywhere we can find an extra $500 from right now. I will continue to be hopeful, though, and hope that we can throw extra money towards debt as we get into October.

Some things that helped us reach our goal of credit card debt under $9000 was No Spend September, redeeming points on our credit card for a statement credit, and some overtime The Husband earned during the month. I’m hoping we can find some extra money throughout October to help us make more progress.

We are continuing to make slow progress every paycheck, one per month for me and two per month for The Husband, towards savings and paying our children back. We put $50, per paycheck, into savings. We are ever so slowly building our emergency fund and adding money to The Kids’ accounts. At this rate it would take forever to pay them back, but at least we are making strides. Once our credit card debt is cleared out, we will be able to pay them back quickly. Our emergency fund currently stands at a little over $2000 with slow growth each month. It’s not much, but it gives us some peace of mind. That $2000 is above and beyond what we have left over from the sale of the house. That money is still earmarked towards home improvements in the new house and things we still need to furnish it.