Well, June turned out to be a rough month, but things ended up coming together. I’m a little late with this update due to holiday happenings, but we were able to pay back $500 to our savings account and we were able to pay the minimum payment on our credit cards ($132). With that, here are the new totals:
Credit Card Debt: $8,732
Savings Account: $3,644
It is very tempting to “borrow” some of that savings account money to pay off more of our debt. There is another big milestone looming – paying off $30,000 worth of credit card debt. We’d only have to “borrow” $1,118 to do it. You can see how tempted I am because I ran the numbers LOL. For now, though, I really want to get our savings account to $4,000.
Once our savings account hits that balance, then it will be time to start kicking some debt booty again 😉