OK. Ready? Italy was unexpectedly tough on our finances.
We didn’t expect to have to pay a cover charge for each meal. We didn’t expect the exchange rate to be so poor. And we didn’t expect the high entrance fees to see the sights (and by high, I mean 50 euro – EACH).
The exchange rate surprised us the most. We made the majority of the plans in June – when the exchange rate hit its lowest. We traveled in October… the rate was nearly at its peak for the year.
I budgeted high thinking I would come home with extra money, money I could use to make a large debt payment.
That didn’t happen.
In fact, I had to stop by an ATM three times before returning home.
How bad was the damage? $500 out of our emergency fund. Eek.
Upon returning home, our water heater broke, taking out an additional $300 from the emergency fund plus another $35 for miscellaneous parts.
Add that to the $150 we had to spend on cleaning supplies and replacement curtains thanks to the stupendous house sitter.
Are you following my math?
We have $15 left in our emergency fund.
In the whole scheme of things, if this is the worst of the damage of an international vacation, it’s not bad. I just hate another month of no progress. Minimum payments this month so we can replace our emergency fund fully.
Here are the new numbers:
• Original Debt: $38,495.86
• Added Debt: $1,781.50
• Total Debt: $40,277.36
• Paid: $30,546.19
• Remaining: $9,731.17
• Broken Down
• Auto Loan 1: $0
• Credit Card: $0
• Student Loan: $8,781.17
• Auto Loan 2: $0
• Vet Loan: $950.00