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Posts tagged with: Month in Review

Month in Review- August ’15

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Hello on this Tuesday evening. I hope everyone had a great holiday weekend.

I realized over the weekend that it is time for another month review, so let’s dive into it:

  • At the beginning of the month, we (GF and I) decided to do a garage sale (here). The thought was launched after reading a book about de-cluttering our house. However, after much work, we still have not done the garage sale :(. It’s still on the forefront of our minds, but the stars just haven’t aligned, where we’ve gotten a weekend free of no plans to just do it. Plus, we still have a lot of work to do going through our house. The basement is done, but the attic is only 25% cleared. My fear is that we are too late for garage sale season. Should we just hold off until the spring?
  • Here, I posted about my plans going forward for paying off my debt, albeit with some caveats. I’m keeping the fun fund going, continuing my contributions to my nephew’s ESA fund, continue contributing 10% of my pay to my 401k and pay weekly towards my mortgage ($150/week).
  • It the same post, I also outlined my timeline for paying off the debt. Hope fully this will occur in 18 months (now 17) before I hit 30, but most likely to happen in 22 (now 21) months.
  • In this post , I showed everyone the less than professional card I made for my dad for his birthday. I also highlighted some of the other things we did for him. He loved our gifts for him and we had a great time celebrating his 55th.
  • In that same post, I also shared my budget with everyone. This is the budget I’m going to use from this point moving forward.
  • In Weekly Update #22 (here), I shared my plans concerning my life after debt. This stirred up some controversy, particularly my plans concerning my retirement funding. My ultimate goal is to become financially stable without having to worry about a traditional job. This isn’t saying I’m not going to work at all; I do plan on making making still in some capacity.
  • The following week (here), I outlined my past, present and future stances on my retirement contributions. I received some great feedback from all you which I’m using to more carefully outline my post debt retirement plans.

Financially speaking, this was a very successful month back from vacation. All together, I was able to pay off $1,883.94 this month! Not bad.

And to update my balances since last week, here you go:

Loan NameInterest RateOriginal Balance- May '09Current BalanceTotal Paid OffPaid Since Last Week
Sallie Mae 015.25$27,837.24$23,719.92$4,117.32$0.00
Sallie Mae 024.75$22,197.02$18,604.04$3,592.98$0.00
Sallie Mae 037.75$20,692.10$0.00
$20,692.10$0.00
Sallie Mae 045.75$10,350.18$3,342.10$7,008.08$703.13
Sallie Mae 055.25$6,096.03$0.00$6,096.03$0.00
Sallie Mae 06 and 074.75$6,415.09$0.00$6,415.09$0.00
Sallie Mae- DOE 015.25$5,000.00$0.00$5,000.00$0.00
Sallie Mae- DOE 025.25$3,000.00$0.00$3,000.00$0.00
AES6.8$9,000.00$0.00$9,000.00$0.00
TOTALS$110,587.66$45,666.06$64,921.60$703.13

I hope everyone has a fantastic week!

 


Month in Review- June 2015

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Hey Everyone! I hope you’re all having a great week.

It’s July 2nd, so that means it’s time for a month in review. June went by in a flash, didn’t it? The summer months always seem to fly by so fast.

Since I didn’t post on Tuesday, I want to share a couple of items that happened over the weekend:

  • The same couple that I went out with earlier in June, invited me and GF out again; this time for dinner AND a movie (BTW- Jurassic World is AMAZING). I happily said “Yes!” but it also broke my “fun” budget for the month, which I carried $50. It wasn’t a big deal since my buddy asked me earlier in the week and I was able to budget for the dinner and movie out of my paycheck vs. having to dip into my emergency fund. I’m just really excited that I don’t have to say “No” to everything anymore.
  • I didn’t have a debt update to share since my last paycheck of the month is delegated to paying my mortgage and some other smaller bills. If I didn’t have any plans during this week, I could normally set aside $70-80 for a debt payment. Since I went out to dinner instead, I made no debt payment this week.

As for June, there was a lot that happened, so to review:

  • Firstly, now that most of my smaller debts are paid off (with only one more to go below $10,000) I had an internal struggle (The Hard Wins) on how to deal with the the fact that the payoffs are going to be few and far between now.
  • The day after my “Hard Wins” post, I increased my 401k contribution from 4% to 10% (which I mentioned in the comments of that same post). Update: I think this was a wise decision. For one- I haven’t noticed much of a difference in my take home pay. It ended up being about a $60 difference, but it’s definitely not hurting my ability to pay my bills. Plus, it’s awesome to see my retirement account grow so much faster!
  • In the following post (Time Off), I decided to use the month of July as a vacation from paying off debt to both enjoy my vacation to Disney and clear my head so I can hit August refreshed and ready to go. Update: vacation is only 7 days away (yay!) and this Wednesday’s paycheck marks the first paycheck in a LONG time (if ever) where I didn’t have to make a debt payment. I’m using all the extra  money to buy myself some new clothes and to stock up on supplies (more on this on Tuesday)
  • I went out for dinner and drinks with a with an awesome couple, in which my “fun” fund came in really handy (here) and was most definitely worth it.
  • In this post (Birthday Party), I went to a good friend’s son’s 1st birthday party. Since I started an ESA account, I figured I give the gift of some cash for my buddy to start one of his own for his son.
  • In the same post, we began our planning for Disney. Since we are driving down, a lot of you had some great ideas our how to make our trip as fun and as frugal as we can. We’ve incorporated many of the ideas into our plan as we want to spend as little money as we have to on our drive down and then back up.
  • Lastly, we had a little Father’s Day celebration (Father’s Day) where GF did some amazing little things for me, as I am the father to our kids (lol, they’re dogs). We also started cementing our Disney plans and GF used her couponing skills to get us a whole bunch of goodies on the cheap.

As for my debt paydown, no big milestones met this month, but I still paid off $1,592.21. Down to a balance of $48,466.83. Not my best month, but not my worst, either.

Hope everyone has a great holiday!


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