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June 2017 Budget and Debt Results

July 3, 2017


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I’m so excited to announce that I’m credit card debt free! Woohoo!

It’s been a long time coming. I’ve been blogging about and working on paying off debt since January 2014.

I might have been credit card debt free sooner, but I’ve had some setbacks along the way. Some of them have been my own fault (like when I bought a car) and some of them have been curveballs thrown at me by life. But, either way, I’m finally able to say I’m credit card debt free!

My next goal is to get my loan to my parents paid off. It my smallest remaining debt balance. Plus, I want to make sure they don’t feel like I’ve left them to very last.

If I can keep up my current rate of debt payoff, I should have that knocked out in about 3-4 months. The debt snowball is rolling, which makes my debt payoff seem so much faster now that I only have a couple payments each month rather than having to make lots of little payments to many different creditors.

Here’s a look my progress in June.

Debt Totals:

5/31/2017 –$130,188.09 all debt
$20,374.68 without mortgage

6/30/2017 – $129,119.46 all debt
$19,536.98 without mortgage

Difference – -$1,068.63 all debt
-$837.70 without mortgage

Savings:

5/31/2017 – $1,878.45
6/30/2017 – $1,911.65
Difference – $33.20 Increase

Spending:

CategoryMonthly Total
Saving$33.20
Mortgage$557.40
City Bill$67.53
Gas Bill$15.31
Netflix/Hulu$17.98
Internet$80.00
Phone$95.20
Fuel$17.42
Auto Insurance$97.29
Health Insurance$280.45
Cleaning$90.00
Personal Trainer$170.00
Cash/Other Spending$1,315.75
Health Savings$500.00
Travel Savings$100.00
Debt$873.37
TOTAL$4,310.90

Thoughts:

Youch! It felt like an expensive month.

In June, I ended up with some medical issues and had to go to the hospital a couple of times since they occurred on the weekend. Perks of living in a small town. The only medical care available after hours or on the weekend is the Emergency Room, even it’s not a true emergency… The only other choice is to wait until Monday and unfortunately while my problem wasn’t a big emergency, it also couldn’t wait until Monday.

Since I have crappy insurance, I didn’t put as much into my savings as usual in anticipation of my up-coming hospital bill. I also had to get some out patient prescriptions that were kind of expensive. Those are included in my “cash/other spending” line. Because I keep having setbacks, I may have to push back my surgery by a couple of months. We’ll see.

I also renovated my laundry room and had to buy a few supplies and things for that. I bought most of the expensive things a few months ago, but had to get a few smaller items to help finish the job.

Toward the end of the month, I was invited to be a guest on the statewide news. I traveled about 5 hours across the state to be on the show. Here’s a clip from my appearance:

While I was out of town and in the “big city”, I took advantage of that and got a few presents for my family for Christmas (Yes, already!) and a couple things I needed for myself. We don’t have shopping in my small town, so when you go out of town, it’s time to stock up!

June also meant I had to pay my quarterly taxes. This isn’t reflected above since it’s business expense, not a personal one, but it still contributes to my feeling of June being super expensive.

How was your month?

Now that I'm finally credit card debt free, I don't plan to slow down my financial progress. Here's what I plan to do next.

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