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Savings Account is Fully Funded – It’s Time To Pay Off Some More Debt!

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I finally finished updating our finances after our trip. I also paid a bunch of bills that were waiting for us after our trip (yuk). You can imagine my excitement when there was just enough money there to contribute $354 to our savings account. That brings the balance to the magic number we were shooting for – $4,000.

Now we can start focusing on paying off the last chunk of our debt. It sure seems to be stuck where it is, but hopefully that will change soon. We are on the home stretch, and it’s time to hit our debt hard again.

Here are a few things “in the works” to help us reach that glorious credit card balance of $0.00:

  • We are having a garage sale by the end of summer.
  • We are going to work hard to get our new business generating some income.
  • We are going to continue to try to reduce our expenses.
  • We are going to keep an eye out for little projects that we may be able to do to earn some extra money without a long commitment.

I feel like I’m missing something in there. Hmmm…maybe it will come to me later.

I am so excited to get cracking on this last little bit of our debt. At the same time, I am a little nervous. In less than a year I could be writing that post proclaiming that our credit card debt is at $0.00. I get butterflies in my stomach just thinking about it. We are so close now!

June Net Worth Update – Up 1.33%

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June was a tough month. We were only able to increase our net worth by 1.33% ($338). Even though it wasn’t our best month, I am still very happy with it. After all, our net worth broke the negative $25K mark and it now sits at $24,995.

As always, you can see all of the numbers on my NetWorthIQ profile.

July will be an interesting month because we spent some money to go visit our relatives. We’ll have to wait and see what the rest of July brings. But I know one thing – the money we spent on that trip was well worth it. It is very difficult to live so far from our families. I have more to say about that tomorrow.