Payoff: Month 16

March:

cc 1,2,3,4,5: 0


Loan 1: 0
Loan 2: 5631.85
Loan 3: 8471.92

Debt: 14103.77
Paid: 758.34


April:

cc 1,2,3,4,5: 0

Loan 1: 0
Loan 2: 5071.85
Loan 3: 8264.50


Debt: 13336.35
Paid: 767.42
Total Paid: 30571.53

Added to savings: -5000
Total savings: ~13600

YAY! for crossing $30,000 paid (Finally)!
A word on savings: We owed $3500 in federal taxes. My husband took out $5000 to cover the taxes. We should be able to repay the difference ($1500) plus what we would otherwise be putting in savings ($1600) and our state refund ($500) for a total reconciled (but not actual as of this moment) savings of $17200. I think we will hold off on this for now incase the little guy comes early. We anticipate hospital/doctor costs of around $1000 and a savings amount of $1600 in May. Total projection for May is $17800. Our debt at that point should be roughly $12,500, allowing us to pay it off with around $5000 left over.

I'm here.

Wow. I've gone AWOL. Just because I have become tardy with my updates, doesn't mean I am not still following my plan. I have been very preoccupied with the pregnancy. I am 36 weeks now, and feeling big and uncomfortable and sore. My feet are huge. All my free time has gone to preparing for the baby, and I don't even really have energy for that anymore. Overall the pregnancy has gone well.

I have been having a much harder time sticking to my budget. I am spending lots on the baby. I have had some monetary gifts that help with that, but all my discretionary money and I have a baby line item in the budget and I have even gone beyond that. I was doing so well watching my spending til it came to the baby. I am still doing monthly budgets and payoffs. April has been hard because our taxes are much more than we were expecting. May is hard because the baby could come at any time. So, there is some shuffling of money going on in and out of our savings. We should still be able to be debt free after the baby comes with a decent savings starter.

Something has happened at work causing the blocks to go away, so for now, I am able to update here. Which is somehow a lot easier than updating from home for some reason. I don't know when they will put the blocks back up, but I am going to take advantage while I can to try to catch up. :)

April Income Statement

April Income Statement

Revenue:

I got an extra week's paycheck at the end of the month, which was actually brought forward to pay for the hotel in May. My inlaws paid my husband back for his expenses to travel there.

Fixed Expenses:

Power is finally going down a little bit. We couldn't find the cable bill, and even though we pay the same amount every month, my husband overpaid on purpose. Insurance is super high because we got charged 3 installments on our auto insurance and my husband and I both got life insurance. I had thought we would be charged monthly for that, but we were charged quarterly.

Debt:

We paid the planned $2000 to the last credit card, as well as the $800 for the travel expenses which were put on the card.

Variable:

We were able to include a travel fund again. The pet amount includes the $150 for the fund as well as $200 spent at the vet on the dog for his shots and grooming. We forgot to take cash. I sorted all the funds out in May. I keep a separate spreadsheet with their ins and outs and actual totals. Supplies was high this month. We did some work on our basement, which required some supplies and I needed some supplies for other projects. Bank fee was the finance charge on the credit card. My husband's discretionary was super high. He got his WOW renewed for 6 months. He also cancelled a subscription, but in the process had to pay for several issues at once. Or something.

Savings:

Not surprisingly, we had nothing for the sinking fund this month. $900 in the bank account was earmarked for repairs.

April special circumstances:

A couple of my husband's charges from his parents carried over onto the April statement. We owed $2000 to the federal taxes. We moved money out of savings to pay for that. Then we got $874 back from the state. I want to pay back the $2000 to savings, but as of yet we have not. I have really just been holding my breath to get through May, but now will look at that.

April cash jars

Not a great month in the sinking fund front. We spent a good bit of a weekend cleaning out our basement, and had to get a lot of supplies for that. We had a few expensive grocery trips. I had a work outing. I had a friend obligaion in which I spent a lot of money. We got pizza once. My diet is causing us to cut back on the takeout, but I spent the rest of that money covering shortages in other areas. Lots of schlepping around this month, so I was desperate for gas. I am also doing most of the driving because my husband's tire is flat.

Jar~~~~Spent~~~~Left
Grocery~~388~~~~~~12
Supplies~~71~~~~~~~ -21
Misc~~~~40~~~~~~~~10
Takeout~~50~~~~~~~10
Gas~~~~~125~~~~~~~0

We had $10 left in the end. But I used that money to help cover one of the jars for May. So we ultimately had nothing left for the sinking fund. The upside is I am getting better at giving us just what we need. The downside is less for whatever we are saving it for.

Payoff Month 4

March:

cc1,2,3,4: 0

cc5: 6048.51

Loan1: 4637.26

Loan 2: 11477.91

Loan 3: 12351.85

Debt: 34515.53

Paid last month: 1424.72

April

cc 1,2,3,4: 0
cc5: 6105.14 *

Loan 1: 4542.19
Loan 2: 11437.74
Loan 3: 11401.28 **

Debt: 33486.35
Paid: 1085.81

Total Paid: 10421.53

* Yeah, I know that is higher this month. Here's the deal. When my husband went to take care of his parents, he had to buy them a lot of stuff and run a lot of errands for them, plus buy the plane ticket. He used his credit card. His dad has since paid him back, but that isn't going to show up until the next statement. So, while that is a false total, it is what it is, and I am dealing with printed statement totals. About half of that should be gone next month.

** This is the loan to my father. I have done some reworking and decided to pay this off before my other student loan. Doing so not only allows me to hit my student loan fast and hard (because my payment to my dad is higher) but also allows me to pay my dad off by the end of the year, which is really appealing. The total owed changes, then, because I will owe less interest to him in the end, so this is lower than it was for those reasons.

So, while not a great month in the payoff department, we did surpass $10,000 paid, we are still on track for our payoff dates, and we should show some big losses in next month's report.

April Budget

April Budget

Fixed

I anticipate a drop in power this month. We have taken out life insurance, so I expected to pay about an additional $60 in the insurance category a month, starting in April.

Debt

Cards 1-4 are paid off, so we are pounding on my husband's credit card now.

Variable

I can finally start my travel fund. Continuing the repair fund. Everything else appears to be the same as any other month.

Short and sweet :)