by Beks
Time for our first debt/savings update!
Reductions in financial aid resulted in the highest amount we’ve ever paid for school before. After the books, the parking pass, the health fees, and the remaining tuition, we shelled out somewhere in the neighborhood of $1,400 cash. Eek! No wonder we’re broke!
Thanks to second jobs and raises, we were still able to squirrel away $500 into our baby savings account. $1,900 total between tuition spending and savings in one month? I think that’s a new record for us! Yay for freedom from credit cards!!
My Debt
Original Debt: $38,495.86
Added Debt: $1,781.50
Total Debt: $40,277.36
Paid: $31,752.04
Remaining: $8,525.32
Broken Down
Auto Loan 1: $0.00
Credit Card: $0.00
Student Loan: $8,525.32
Auto Loan 2: $0.00
Vet Loan: $0.00
CASH SAVINGS: $500
We still have one more month of rent due from my brother (his final move out date is March 7th) so March should be a good month as well.
Beks is a full-time government employee who enjoys blogging late into the night after her four kids have gone to sleep. She’s been married to Chris, her college sweetheart, for 15 years. In 2017, after 3 long years working the Dave Ramsey Baby Steps, they paid off more than $70K and became debt free. When she’s not working or blogging, she’s exploring the great outdoors.
how exciting to be so close to paying off debt, and how timely given your expanding household.
Congrats to you guys on the baby and on getting your debt down so low! It’s going to be great to have it paid off by the end of 2011.
Great job on showing people that getting out of debt can be done if you and your family put your mind to, make a plan, and stick to it. You blog is an inspiration to all of trying to get out of debt.