Debt Update
- Posted by JvW on June 21st, 2009 filed in Debt
Well, all our payments have been made for June and here is a little update on where we stand. I am really having a difficult time concentrating on debt payoff now that we no longer have any credit card debt. On one hand, we have dealt with a lot of irregular expenses, including those associated with closing my husband’s old company. On the other hand, we have been bleeding money left and right. Summer has always been spendy for us, mostly because we go out more and naturally spend more money. In the winter, we stay home more and spend less money. I am thinking of instituting a no-spend zone for a couple of weeks to try and break the bad habits. On to the numbers:
Starting (Non-Mortgage) Debt: $216,564.70
Current (Non-Mortgage) Debt: $133,247.61 (down from $134,271.76)
Percentage Paid Off: 35.26% (up from 34.75%)
My goal for July is to pay down our total debt to below $130,000. (Wow, it’s kinda depressing to look at the whole number.) The debt we’re working on is the Business Debt, so we should take a chunk out of that in July!
July 10th, 2009 at 2:40 am
[...] In the beginning of June, we had our final payment associated with closing my husband’s business due, which came to about $3000. This put a damper on any other savings or debt payments for the month. I posted a debt update for June here. [...]
December 4th, 2009 at 4:09 am
[...] been a little while since I posted a monthly report on our debt payoff, but I really like looking back at my progress and making a note of it. [...]