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