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March 2017 Budget and Debt Results

April 4, 2017


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A thought crossed my mind as I was writing this post. Will I ever be done sharing my monthly progress when it comes to saving and paying off debt?

Sometimes I think I might stop sharing these posts once I’ve paid off everything except my mortgage. But, then I wonder how I can keep my journey personal. I do still share my income and business expenses with you each month, but will these monthly review posts be worth sharing once I’m (mostly) debt-free?

I’m still on the fence about it, and since I still have a ways to go before I’m (mostly) debt-free, I have some time to think about it. I just wonder how much value these will provide when I’m no longer focused on paying off debt aggressively.

The good news is, I am getting there! Here’s a look at how I did in March.

Debt Totals:

2/28/2017 –$134,022.24 all debt
$23,519.79 without mortgage

3/31/2017 – $132,661.39 all debt
$22,388.00 without mortgage

Difference – -$1,360.85 all debt
-$1,131.79 without mortgage

Savings:

2/28/2017 – $1,780.80
3/31/2017 – $1,814.64
Difference – $33.84 Increase

Budget:

CategoryMonthly Total
Saving$33.84
Mortgage$533.66
City Bill$69.78
Gas Bill$35.53
Netflix/Hulu$17.98
Internet$80.00
Phone$0.00
Fuel$22.34
Auto Insurance$97.29
Cleaning$90.00
Personal Trainer$170.00
Cash/Other Spending$1,002.24
Health Savings$1,400.00
Travel Savings$100.00
Debt$1,241.50
TOTAL$4,894.16

Thoughts:

Youch! This was an expensive month.

I am happy that I paid extra on my debt and it’s looking like I’ll definitely be able to pay off the last of my credit card debt before the 0% interest period ends on my card.

I also did some catching up on my health savings. I’m still about $200 behind where I should be at this point, but I made up $400 of my shortfall in March. Hopefully, I can still make up that $200 to pay for my medical procedure in cash later this year. 🙂

My cash and other spending was high this month. I made a donation to a local organization. Plus, I also bought gifts for a friend’s  baby shower and a birthday. I also took my dogs to the vet for their annual checkup and vaccines, and I paid for my annual pest control visit on my house. All of those things are included in this figure. I will admit, I did splurge a little in March by getting some new things for my house, like planter for the front porch, which I’ve been wanting to do for a couple years.

Although I’d like to see my spending numbers be lower, I’m still happy overall with my progress in March. My emergency, health, and travel savings increased. Plus, I put an extra $200 toward paying off my final credit card debt.

How was your March?

Youch! This was an expensive month. But I was still able to increase my savings and pay down my debt.

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8 responses to “March 2017 Budget and Debt Results

  1. Maybe after paying off most of your debt, you could start calculating your net worth? It’s nice to see other people grow their savings and investment accounts!

    1. Thanks! 🙂 A little afraid of what April will bring though due to taxes and a trip I’m taking at the end of the month… We will see! 🙂

    1. It’s totally awesome! 😉 I think I can finish catching up on my health savings this month and hopefully pay extra on debt again. We’ll see what ends up happening with taxes first though.

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