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Debt Update…

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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


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