We’re 2 days into the new year and I’ve decided it’s going to be awesome.
I haven’t really set any specific goals this year, but I did decide my word of the year will be “simplify”.
I even started a just for fun Facebook group with a few friends to help me stay accountable with my goal to simplify this year.
I’m also excited to write this debt update because not only do I get to review and reflect on December, but I’m also going to show my results for the entire year.
Here we go!
11/30/2017 – $124,990.28 all debt
$16,571.85 without mortgage
12/31/2017 – $124,480.51 all debt
$16,296.79 without mortgage
Difference – -$509.77 all debt
-$275.06 without mortgage
2017 Total Debt Payoff: $11,855.15
Darn! So close to being $1k/month average. I am excited that all I have left is a small student loan, my car loan, and my mortgage. Woot!
11/30/2017 – $2,015.34
12/31/2017 – $2,036.97
Difference – $21.63 Increase
2017 Total Savings Increase: $325.08
Youch! That’s an expensive month.
$400 was the last bit I needed to save for my dental work, which I then paid for later in the month. It came out to $9,980. I didn’t include that above (only the $400 I saved toward it in December) because I’ve been including the savings for it each month all year in 2017.
My high spending this month was due to a few things:
- An eye doctor appointment (the bill finally came back after insurance was applied).
- A home improvement project that I needed a couple of tools and supplies for.
- Christmas gifts for friends and family.
- A couple of charitable donations.
- Way too much eating out.
Meh! At least it’s a new year and I’m still making financial progress.
How was your December? What is your financial goal for 2018?