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Not only is today Friday, it’s PAYDAY!
Why am I so excited? We hit some hurdles this pay period and completely used our grocery funds and had to dip into our emergency fund.
First we had the unexpected car repairs and, just a few days ago, my husband needed to purchase books for summer school. We didn’t expect his book fees to exceed $250… but they did!
I’m excited to have grocery money again! Woo Hoo!
It’s time for another debt update!
My Debt:
Original Debt: $38,495.86
Paid: $23, 640.18
Remaining: $14,855.68
Broken Down:
Auto Loan 1: $0
Credit Card: $0 Woo Hoo!
Student Loan: $9,285.14
Auto Loan 2: $5,570.54
Perhaps my favorite part was receiving a letter in the mail from Auto Loan 2 reminding me that my next car payment isn’t due until April 11, 2011.
It’s a good feeling.
My husband has a start date for his change in placement at work. We are on a three week countdown until he is transferred to working on a government project. Government projects pay at a higher wage rate (prevailing wage) than the private sector and my husband’s pay will jump about 50%. He’s been scheduled for the transfer for a few months but project delays kept pushing back the date.
This new prevailing rate is temporary, 12 to 18 months at the most, but it will help us to become debt free and save 3-6 months worth of expenses.
Of course, there is a hitch. He will commute more than an hour each way to work while still maintaining a full time summer school schedule. We are going to have to double his gas/car maintenance budget and add to the food budget so he can grab something to eat between work and school if necessary.
Even with the added expenses, our debt reduction payment should jump between $500 and $1,000 per month.
Whew! We’re finally starting a downhill slide!
My husband decided to throw a Memorial Day potluck at our home on Sunday. He’s not the kind of guy to barbeque hot dogs and burgers – his food is generally cooked non-traditionally. On Sunday, he and my brother prepared rotisserie pork over hickory chips in a brick fire in our backyard. Three huge slabs of pork were on sale and we were able to split the cost with my brother. Our half was only $22!
Far more people showed up than expected and throughout the day, about 35 people passed through our front door. I guess when you slow roast pork drenched in seasoning and sauces for six hours, you attract the neighbors as guests.
It was one of those days where I didn’t think about how much I hate my crummy couches, the little patch of peeling stucco, or the square of brown lawn I can’t afford to water in my backyard. All I could think was how blessed I am to have such a wonderful group of friends in my life. All those bodies with smiling faces covered the crummy couch, the friends sitting in chairs on the patio playing Phase 10 hid the patch of peeling stucco, and the square of brown lawn was the perfect place to play a competitive game of horseshoes.
When Dave Ramsey is asked how he is, he always responds, ‘Better than I deserve.’
I know the feeling.
How was your weekend? Did you spend or save?
About This Site
My Debt
- Original Debt: $38,495.86
- Added Debt: $1,781.50
- Total Debt: $40,277.36
- Paid: $36,084.36
- Remaining: $4,193.00
- Broken Down
- Auto Loan 1: $0.00
- Credit Card: $0.00
- Student Loan: $4,193.00
- Auto Loan 2: $0.00
- Vet Loan: $0.00
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