The end of the month is here, and that means update time! Part of me wanted to wait until we saw the huge decrease from the sale of our travel trailer, but since I also believe in celebrating all successes, here is how we did in September.
January 1 2017 Starting debt $55,749.69
January 1 2018 Starting debt $46,408.39
Current debts as of 10/18/18 $15,992.62
October 2019...debt-free (minus the mortgage!)
2023...Debt-free, including the mortgage!!!
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Update Time 9-1-2018
Today marks the beginning of a new month. August’s numbers were less than stellar, but we did make some progress. Before I get into all of that, let me share a little about the baby job. It turns out that they do still want me to cover hours for them on Saturdays. In fact, they even asked me if I could take care of the kiddo next Sunday. It will mean that I don’t get a day off, but since we are in debt, I certainly won’t turn down the hours. I do kind of wonder how they can afford to pay so much out for childcare, but I guess that is their business. Now for my update: [Read more…]
Update Time 7-31-18
Today is the end of the month, and I am pleased to say we have officially reached our 2018 goal a full five months early. For those who may have just stumbled across A Dime at a Time, our goal was to pay off $18,000 in 2018. Having reached this goal does not mean we can kick back and become lazy. Sadly, we still have a lot more debt to go. Goals are important, hence the reason we set one. Our new goal is to get our debt below $20,000 before the new year rolls around. Yikes-we have our work cut out for us! [Read more…]
Update Time: 7-15-2018
Other than giving a total of where our debt stood, I missed my last update. This post shows where we stand as of today.
Update Time 6/15/2018
I’m loving doing these bi-monthly updates. I find that they motivate me to push even harder for the next one. So far for paying off debt, June has been better than I initially expected. I view this as one of the perks of having an irregular income. You just never know what the month may bring. Of course, I also realize that unfortunately, this can go the other way too. So then, how did we do? As always, I like to give a recap of where we started as it kind of helps keep it all on one page. [Read more…]
Update Time 6-1-2018
I meant to get this posted yesterday, but after a long day taking care of the preemie and then going to my small group Bible study, there just wasn’t any time. May wasn’t as strong of a month for us, but at least we still met our goal of paying off at least $1,500 for the month. We were also able to get The Beast (aka Discover) below 10K. [Read more…]
Update Time 5-17-2018
Yikes. I’m a tad late with this update! I was on an organization binge, and hey, you got to run with it when the spirit moves you!
As for our progress thus far this month, while not stellar, we did pay down more debt~and that is always a good thing! We have such an irregular income that our checks are often feast or famine. Our mortgage is by far our largest payment, so I need to be careful to hold enough back to make sure we don’t run short. So, how did we do? [Read more…]
Update Time 5-1-18
April was another good month for us. There were several reasons for this. The way our paychecks fell, Hubs working extra hours, and very few additional bills that came due. You know how it goes, you take those months and run with them! Now for the numbers: [Read more…]
Update Time 4-15-18
Hey Everyone. Good news-I still have power and internet. With this current storm, it’s hard to say how long this will last. Figured I’d better write a financial update while I still have the chance!
April has been a fantastic month for our war on our debt. Hubs has been putting in a crazy amount of work which has really helped our efforts. Of course, I also try to do whatever I can to further the cause.
As for the numbers:
1-1-2017 $55,749.69
1-1-2018 $46,408.39
April 1-2018 April 15-2018 Interest Rate
cc #1 $2,100 Paid in full! Woohoo! Was 0 %
cc #2 $7,000 $7,000 0% (expires 6/19)
car $7,031.40 $6,740.98 1.99% (fixed)
cc #3 $9,747.57 $9,599.24 5.99% (fixed)
cc #4 $11,950 $11,950 0% (expires 11/18)
Total $37,828.97 $35,290.22
The difference so far this month? $2,538.75! Not too shabby! Looking at our starting number from 2017, this also puts us at over $20,000 in debt paid off! Wow. That is a HUGE amount of debt eliminated!
Looking at the rest of the month, cc #2 will get the minimum of $105, and cc#4 (Discover, aka “the beast”) will get at least $250. As I’ve mentioned before, we are shifting gears for a bit to focus on “the beast” before the zero percent interest rate expires. Gloves are on, and I am ready!
With the way the wind is picking up, I’d better hit publish while I still can. Before I do, how has your month been going? Are you meeting your goals? Paying off debt is anything but fun, but it will be so worth it to have financial peace!
Update Time 3/27/18
Although the end of the month is still a few days away, I have made all the payments I can comfortably make for March. We have one more check coming, but it won’t be in our account until Friday. Tempting as it is, I know better than to make a payment without the money first being there. [Read more…]