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Ashley’s August 2015 Debt Update

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Happy Monday, all! It’s officially the first day of the Fall semester for both of my jobs (the full-time in-person position & part-time online teaching position. If you didn’t hear – I recently posted the good news about keeping my online job!). I’m teaching two classes for each this semester (4 classes total), but only one is in-person, so I’ll be able to do most of my work online. I’m very grateful for the flexibility! I’ve already been a little swamped, but I’m getting by. It’s helped that I’ve had a very strict work distinction. I ONLY do my part-time job at home. And, for the most part, I’m only doing my full-time job at school (with the exception of checking/responding to emails, etc. at home).

Hopefully I’ll start making some really killer debt payments soon as I officially start receiving TWO paychecks in the month of September. Can’t wait!

In the meantime, this month’s debt payment wasn’t too shabby, either! Check it out:

PlaceCurrent BalanceAPRLast Payment MadeLast Payment Date Original debt, March 2014
Capital One CC-17.9%-Paid off in March 2014$413
Mattress Firm-0%-Paid off in May 2014$1381
Wells Fargo CC-13.65%-Paid off in May 2014$7697
BoA CC-7.24%-Paid off in June 2014$2220
License Fees-2.5%-Paid off in April 2015$5808
Navient - Federal Student Loan$34158.25%$266August$4687
ACS Student Loans$209927.24%$77July$21035
Navient - Dept of Education student loans$665526.55%$257August$63254
PenFed Car Loan$121872.49%$1500August$24040
Balance Transfer student loan (Former Navient 1-01)$47120% (through April 2016)$125August$5937
Medical Bills$60360%$25August$9000
Totals$113,894 (July balance = 115,871)$2250Starting Debt = $145,472

Hopefully the debt payments stay steady (or increase!). I’d love to break the $3,000/month toward debt mark. This month was $2250 and it just blows my mind! We’ve worked so hard to make debt payments in the two-thousand-plus dollar range. But the more we can throw at our debt (especially the car!) the sooner it will be gone and the closer we’ll come to meeting our 2015 financial goals. Wish us luck, because we’ll certainly need it to meet our lofty goal (paying $30,000 toward debt in 2015).

 



Oops…

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Dear Pot,

Sorry about yesterday.

Love,

Kettle

Of course, I chastise all the spenders on Valentine’s Day… and then hubby surprised me with chocolate covered strawberries and cake pops delivered to my office and a fabulous home cooked meal with ingredients not on my shopping list.

He didn’t use the credit card, we had the cash, but he still did some spending yesterday. As someone who doesn’t indulge in fancy, pricey deserts, I guarded them with all the aggressiveness of a dog with a prized bone.

He said he spent less than $50 and it was a partial celebration of our recent big debt payoff.

I gotta admit… it felt pretty good.

So yeah, you can spend… a little… if you pay off debt first. *wink*


Year End Musings…

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At the end of each year, I like to reflect on the last 12 months. For years, I’ve blogged about the best things that happened month by month. This year, I decided to do something a little different. I’ve decided to pick my favorite day of the year.

My favorite day of 2011? Nope, not the day I got to write a nice check to my credit card. Nope, not the day I discovered we were less than three months from pay off.

It was the day we met this little guy.

Oddly enough, paying down debt helped me enjoy that day all the more. We had prepared ourselves financially and I didn’t have to worry about scary hospital bills or returning to work before I was ready. I enjoyed every single moment – even the painful ones – because I didn’t have Visa or Master Card sitting in the visitor’s chair beside me.

Some of the folks in my life had kids this year. They talk about not wanting more – or waiting years to have another because babies are hard. I wonder if everyone received a memo I missed because…

I want 10 more.

I’m exhausted. I’m sick. At times, I’m overwhelmed…

But there is nowhere and no one else I’d rather be.

I woke up this morning at 4:30 am and snuck a peek at my sleeping son before hopping in the shower for work. His beautiful face was peacefully relaxed, his pudgy cheeks soft and warm.

I have been so very blessed in 2011. Forget having a favorite day. This has been my favorite year.

Wishing you and your family a sweet 2012.



Another Raise!!!

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I received a raise for the first time in over 2 years! Our organization froze all salaries in 2008 but a few months ago… they changed the rules.

Sure it’s not the 10% my husband’s was, BUT, I’m perfectly happy with my 2%. At least I’m heading in the right direction!

My boss approved the maximum allotted by our organization (2% was the max this year) and I couldn’t be more grateful. And, since the raise came a little late, they are back paying me the increase from my anniversary date in November. Maybe February’s debt payment will make up for the lousy one last week.

I’m turning up ‘Shake Your Groove Thing’ on my iPod and running off some of this excitement.


Debt Update…

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Well, there isn’t much to update. We paid the minimum payment on October’s bills – nothing more.

My husband and I are both short of vacation hours thanks to pneumonia, pulled tendons, rattlesnake bites, and well… life.

While we don’t think we’ll need it, we are setting aside this month’s extra debt payments until we return. When the dust settles from our trip, we’ll sort everything out in November.

No, we won’t be using this as an excuse to spend, spend, spend, but we need to be cautious and prevent ourselves from haphazardly applying for credit cards to close the gap when we return.

Ugh. This debt update is depressing!!

Original Debt: $38,495.86
Added Debt: $1,781.50
Total Debt: $40,277.36
Paid: $30,415.26
Remaining: $9,862.10

Broken Down
Auto Loan 1: $0
Credit Card: $0
Student Loan: $8,862.10
Auto Loan 2: $0
Vet Loan: $1,000.00


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