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November 2017 Budget and Debt Results

December 5, 2017


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Well, November has come and gone. I can’t believe we’re finally into the last month of 2017. Where has this year gone?

It’s been a year full of ups and downs, and I’m hoping to end the year on a positive note with a good December all around with my business, money, and life.

But first, here’s a look back at November.

Debt Totals:

10/31/2017 –$125,701.45 all debt
$17,048.95 without mortgage

11/30/2017 – $124,990.28 all debt
$16,571.85 without mortgage

Difference – -$711.17 all debt
-$477.10 without mortgage

Savings:

10/31/2017 – $2,005.66
11/30/2017 – $2,015.34
Difference – $9.68 Increase

Spending:

CategoryMonthly Total
Saving$9.68
Mortgage$557.40
City Bill$72.29
Gas Bill$9.77
Netflix/Hulu$17.98
Internet$80.00
Phone$95.25
Fuel$63.27
Auto Insurance$77.80
Health Insurance$280.45
Cleaning$90.00
Personal Trainer$170.00
Cash/Other Spending$1,018.20
Health Savings$500.00
Travel Savings$0.00
Debt$431.47
TOTAL$3,473.56

Thoughts:

It’s nice to see a lower number this month, but quite a bit of that is because I put less toward debt and savings in November, which isn’t necessarily a good thing. Part of it is because my income has gone down due to some business changes I made mid-October that really started having their full effect on my income in November. (I’ll share more about that soon!)

Some of my spending this month was getting a couple of Christmas presents for my family. I also got my home sprayed for pests because I have a serious wasp problem in the fall if I don’t get it professionally sprayed.

On a happy note, I paid off my loan from my parents in November. Now that it is paid off, my only remaining debts are my student loan, car loan, and mortgage. I’m so excited to be down to only those three payments each month.

My focus will be on my student loan next as it’s the lowest balance and highest interest rate. I’m hoping to have it paid off by the middle of next year.

As far as my health savings, I still have a couple hundred dollars I need to contribute to it to hit my goal of $10,000. However, I’ve actually had the majority of my health procedure done already and I plan to talk about it on my Facebook page in a live video later this week. Make sure you’re following me on Facebook so you get that update! 🙂

Update: You can see my video here.

Since I’ll no longer have that aggressive savings goal to meet, I should have some more room to put money toward my debt in 2018, but it also depends on what happens with my income. That’s a bit up in the air because it can be so variable when you’re self-employed.

How was your November? Are you going to hit your goals for 2017?

I paid off and save a combined total of over $1,200 last month. Find out how I did it and what my plans are for December.
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4 responses to “November 2017 Budget and Debt Results

  1. I’m actually ahead on my money goals for 2017 – I’ve put more towards debt each month than I had planned, and my savings has skyrocketed.

    Good job on the debt balance decreasing – that’s definitely the direction you want it to go!

  2. We are ahead on the money goals that we had set in January of this year, but not as far ahead as we determined we should be as of our July discussion. That is due to unforeseen things happening in life (cars, medical, kids) but we are working on getting back on track this month.

    Really happy to hear that you have made such awesome progress on your debt, especially by completely paying back your parents. Keep up the fantastic work, Kayla!

    1. Thanks for the encouragement! Yes, unfortunately life does happen which means there are setbacks at times. I’m glad to hear you are ahead of your goals, though. Don’t give up, just keep after it and you’ll get there!

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