Welcome Frugal Dad readers! Chris will continue to post here on Your Money Relationship and he will be updating his debt amounts here. It may be beneficial to subscribe to this site so you can follow his progression. You can subscribe via RSS or via email.
Well, it’s been about 4 months since I shared with you our debt problems. I figured that it would be beneficial if I made a spreadsheet of what we have paid off to date. So here you go!
In total, we have paid off $4,465.99. Not bad but definitely not gazelle intense. There were quite a few “emergencies” during that time, so that could be the reason for such a lackluster performance. Here is a list of some things to slowed us down over the last 4 months:
- We saved up a $1,000 emergency fund
- The Mrs. needed $500 in car work
- My car needed work at $600
- New car registration for $400 (included inspection and 2 year registration)
In the next few months, we should have quite a bit of extra money to throw at debt. It should be interesting to see what happens!
I know it doesn’t feel like much because of the amount of debt you two have, but that’s a darned good start for four months. Life sometimes comes between the best-laid plans.
Nicole @ Rainy-Day Saver´s lastest post ..Saturday Link Love
Thanks Nicole! We were just glad to see that it went down and not up. Even if it would have stayed the same it would have been a disappointment.
Great job! It does seem daunting, but you made some great progress. The emergency fund is very good too. Be careful of the next few months, they are the most insidious months for unexpected spending. It’s always a challenge for us, at least.
Congratulations! The important thing is you did make progress. If this continues, you should have no problem making head way towards a debt free life.
Netanya
Money Hackers Blog Ambassador
Im reading dave ramseys book, total money makeover, and know that the 1000 is a great
start. I am doing the emotional impact one to, 2 of the cc i have are co signed with my mom, so I need to get that straight so things don’t negatively effect her more than they are now!
Im 22, and really want to work on paying off my 19000 debt, hope things get better for us both!!