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July 12, 2017 · Leave a Comment

June 2017 Debt Update

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Budget· Debt Free· Frugal Living· Our Journey· Our Monthly Budget

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Welcome back friends!  After updating you all on how the last three months have gone, I want to shift the focus now back to our debt repayments and how we have done over my hiatus from the blog.

I’ve had some time to reflect these last three months about changes and how I will be sharing our debt repayment from here on out.  I think it’s time that I change the focus of my budget and debt posts.  While I do truly enjoy making the posts each month, yes I’m that much of a math nerd, the original intentions behind it were so that there were more examples on the interwebs of a working, yet ever changing family budget.  And over the last year or so, I’ve done that.

June 2017 Debt Update

But now I want to shift the focus more towards our debt, and how we did on paying our debt from here on out, and give tips that helped us while budgeting for the month, but also tricks that we used to help pay on debt that month.  Not only will it help provide more motivation, but it’ll also help give me more focus on getting out debt down.  I don’t know how it will go for the first few months of sharing, especially since it will be such a shift in the focus of our posts, but we’re going to give it a go.

April

So how did we do on our debt repayment goals for April?  We paid $971.39 on debt.

Credit Card:  $306.39
Student Loans:  $165
Mortgage:  $500

It is certainly not one of our better months in debt repayment, and I didn’t hit our goal of $1,500 on debt this month either.  But we didn’t go over budget.  And for us, that’s a big one.  Staying within the zero based budget, no matter the income, and paying more than the minimum payments.  Two biggies, and both of which we accomplished this month.

May

So how did we do on our debt repayment goals for May?  The payment on our May debt was quite sad with how due dates lined up.  Since December, I have been a month ahead of my due dates with my credit card payment, but come May and all the chaos with Lady Bug and her Lyme scare, I didn’t make a payment during May.  My May payment happened at the very beginning of June.  So during the calendar month of May, we paid $680 on debt.

Student Loans:  $180
Mortgage:  $500

June

As I mentioned before, June had a double payment on our current snowball with how the payments lined up.  So not only am I back at being a month ahead on the due dates, we were able to pay a bit down on it too.  Overall throughout June, we paid $1,412 on debt.

Credit Card:  $732
Student Loans:  $180
Mortgage:  $500

To help hit our debt free goals throughout the remainder of the year, in June we did a major transition in our budget.  Details of this are still to come, but so far it’s been working wonders for sticking to our budget, and even reducing some of our expenses.

June 2017 Debt Update

Now I want you to remember when you’re on your debt free journey, there will be good months where you’re crushing it, and there will be months where life happens and you’re just getting through.  And these last few months have proven that.  But that’s completely okay!  It’s all about habits.  Change the habits from overspending to spending within your limits.  Change from not saving to saving for rainy days.  It’s important to realize that in this journey, it’s the end game that matters.

 

How is your debt repayment going for 2017?  Have you paid off an account, made some major progress, or just get by?  Let me know in the comments below!

June 2017 Debt Update

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makingcentsmatter

makingcentsmatter
Only you can determine what your financial goals a Only you can determine what your financial goals are. If that means you're adding money to your savings account, or contributing to your retirement, while you are paying off debt, then so be it!⁠
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Do what looks right for you and your personal finances.⁠
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The trick to meal planning is to make it predictab The trick to meal planning is to make it predictable. But predictable doesn't mean the same thing week to week. You could have a chicken meal, a soup meal, a pasta meal, a leftovers meal, a family favorite meal, and so on.⁠
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We always try to go with themed days, but some weeks are so hectic the theme is literally "fast". Thankfully that hasn't been the case lately.⁠
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I can only hear about my extended warranty I never I can only hear about my extended warranty I never purchased so many times. 😣⁠
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#makingcentsmatter #budgets #monthlyincome #debtfreecommunity #realbudget #savingmoney #payingoffdebt #savings #frugalliving #frugalblogging #budgeting #monthlyincome #zerobasedbudget #financialgoals #personalfinance #personalfinancetips #financialfreedom
March Debt Paid numbers are in!⁠ .⁠ House: $51 March Debt Paid numbers are in!⁠
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House: $511.13⁠
Citi: $0 – this has a residual $3 in interest charges since payoff, due in April⁠
D NelNet: $100⁠
K NelNet: $100⁠
K Chase: $600⁠
Explorer: $336.27⁠
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Total Paid in 2021: $8,258.84⁠
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Extra Payment: There isn’t one this month since we were $25 away from zeroing out the budget for our February 15th monthly paycheck. That $25, and monies left from our January 15th paycheck, covered our OOP costs for Hubs’ filling. We also have some savings goals coming up that need to be met, making our debt payments a little lower for the time begin.⁠
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#makingcentsmatter #debt #debtfreejourney #debtfreeprogress #debtfreecommunity #realbudget #savingmoney #payingoffdebt #savings #frugalliving #frugalblogging #budgeting #monthlyincome #zerobasedbudget #financialgoals #personalfinance #personalfinancetips #financialfreedom⁠
The battle for who can charge what tonight is abou The battle for who can charge what tonight is about to begin. 😬⁠
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My kids run off with my charger, plug it into one outlet 5 feet from where they found it like that particular outlet is the only one in this house, and then proceed to fight over who can charge their device first at night.⁠
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Then they get grumpy when it's their turn and it's not the proper input cable. #itwasmychargerfirst #dontlikeitgofindyourown⁠
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#parentingteens #parentingtweens #momlife #realife #budget #budgeting #savingmoney #cash #frugalblogger #frugalmom #financialgoals #personalfinancetips #personalfinance #debtfreejourney #debtfreecommunity #debtfreeprogress #makingcentsmatter
A needs his wisdom teeth taken out. I've talked a A needs his wisdom teeth taken out. I've talked a bit in our February Budget Check-In about how much of this I think we'll owe, and you can check that out on my YouTube channel if you're interested, but I wanted to say here...⁠
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To the mother with little kids struggling to get your finances in order, it will get better. I wish I could have heard those words years ago.⁠
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Nearly 10 years ago we were facing a $1,400 out-of-pocket portion for A's Phase 1 orthodontic work (I looked it up after I uploaded the video... we had a $1,400 portion).⁠
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It was a lot of money for us at the time. Our kids were 6, 2, and 3 months old. I don't think we even had $500 in savings, and I just left a part-time teaching job because it wasn't paying the part-time daycare bill, so paying our portion in full was just a dream I didn't think was achievable.⁠
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I was even stressing about the monthly $100 payments. We were so strapped. It was our breaking moment to start cutting costs and budgeting more effectively. We've learned a lot in that time period.⁠
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What we've learned is that it does no good to stress about it all the time. Life happens. All you can do is try to plan ahead, and if it's something that's unplanned, readjust. It won't always be easy, especially at first, but it will be worth it.⁠
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Nearly 10 years later, we are still paying off our debts. Student loans suck. But I see this bill as a reminder of how far we have come. Seeing a bill like this doesn't stress me out like it used to, and I know we can easily create a plan that can get it done and out of the way.⁠
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Will it delay our debt-free date more? Yes. But it's not worth stressing over. Life happens, readjust, and continue on down the path. It's called a journey for a reason.⁠
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It's almost payday! Here's how our variable budget It's almost payday! Here's how our variable budgeting categories are working out for the pay month.⁠
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Food is looking good this far into our paycheck, probably because miscellaneous - which includes eating out - took a hit with unexpected purchases. Pet is low for this time of the month, and Household is spot on.⁠
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Fuel looks like it'll be lower than last month (yay for weeks of snow days & delayed school starts), and Therapy had one more appointment than initially planned.⁠
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Garden, Dental, Medical & Propane are not included in these estimates so far because those expenses are coming from sinking funds. Once we're done with the month and review the budget, I'll move over the total amount spent from those sinking funds.⁠
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How's your paycheck budget coming along?⁠
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#realbudget #monthlyincome #monthlybudget #budget #budgetupdate #budgeting #savingmoney #variablecategories #savingmoney #savings #debtfreecommunity #debtfreejourney #cash #financialgoals #personalfinancetips #personalfinance #frugalliving #frugalblogger #budgetblogger #makingcentsmatter
Automating your finances makes saving money and bu Automating your finances makes saving money and budgeting more convenient, and therefore easier on you. Out of sight, out of mind, right?⁠
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What's one thing you can automate this week to make your finances easier?⁠
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Me? I'm going to set up our sinking fund transfers to automate every payday (the 15th of every month). Our bank set up a feature on their app where we can schedule savings transfers now, and I'm going to take advantage of it!⁠
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#personalfinance #personalfinancetips #budgeting #budgettips #personalfinancemadeeasy #savingmoney #savings #sinkingfunds #cash #frugalblogger #frugalmom #frugalliving #debtfreejourney #debtfreecommunity #debtfreeprogess #financialfreedom #makingcentsmatter
Oh my word... our miscellaneous category has gone Oh my word... our miscellaneous category has gone a smidgen overboard this month!⁠
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I foresee a goal for March's paycheck to at out less than twice. That's where this category went awry. $99.16 of it went to eating out. 😑 Some of it was avoidable, but not all of it. Having to drive to multiple appointments in one day during snow squalls and rearranging our whole day was one of those unavoidable instances.⁠
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Tracking our expenses - much like a budget review - is vital to sticking to your budget!⁠
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#makingcentsmatter #debt #debtfreejourney #debtfreeprogress #debtfreecommunity #realbudget #budgetcategories #monthlyincome #savingmoney #savings #frugalliving #frugalblogging #budgeting #zerobasedbudget #financialgoals #personalfinance #personalfinancetips #financialfreedom #expensetracking #budgetfail
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