Another day, another dollar. Another month, another debt report. #amiright?
I am sooo close now to paying off my final credit card debt. After that, I only have 4 debt balances left to pay off:
- Loan from my parents
- Student Loan
- Car Loan
That’s the order I plan to tackle them in too. 🙂
The reason I’m so excited, even though I’ll still have debt to pay off after this, is because I should see some quick progress for the next couple of balances on the list.
Plus, as I get more debt paid off, there’s less “required” payments I have to make each month. Of course, I plan to pay much more than the required minimums. But, it’s always nice to have a lower DTI (debt to income) just in case my fluctuating income would suddenly slow down.
Here’s a look at how I did in April:
3/31/2017 –$132,661.39 all debt
$22,388.00 without mortgage
4/30/2017 – $131,474.48 all debt
$21,430.77 without mortgage
Difference – -$1,186.91 all debt
-$957.23 without mortgage
3/31/2017 – $1,814.64
4/30/2017 – $1,851.50
Difference – $36.86 Increase
Where do I even start? The only reason my spending this month is showing lower than last month at the bottom is because I saved significantly less for my health savings goals than I should’ve. I’m pretty far behind again. But, I’m hoping I can still get caught up to have the procedure done in October.
My spending this month was super high. I went out to eat A LOT in April. I also spent some money at the vet since one of my dogs was sick, and I spent some money at the chiropractor for a shoulder that’s been giving me trouble.
Some of my spending was also on a few things for my house that needed replaced and I bought a couple pairs of pants since I lost weight and mine were so baggy I could hardly keep them on. At least that’s kind of a good problem to have! I hope to recoup a bit of this extra spending at my garage sale this weekend, where I will sell all of my accumulated “decluttered” items, including the clothes that have gotten too big. I have already sold a few items on Facebook and I used the cash for my vacation a couple of weeks ago. (More on that soon!)
Even though my spending was high, I’m still glad I made my debt payments so I can get my credit card paid off before the end of the 0% interest promo next month. Plus, I still saved money for my travel, health, and emergency funds. AND I put some money into my IRA to get the 2016 tax deduction. The amount I saved in my IRA is not shown above.
How was your April?