Budget Update and New Series

I have decided in order to keep myself more accountable that I am going to update our budget numbers at least bi-weekly when I get pain. I hope that this will keep me focused on the goal as well as share some of my own excitement as we approach the goal of becoming debt free! So to start….

  • Our Emergency Fund is currently sitting at $500!!
  • We purchased today, a new to us 1999 Minivan with less than half the miles of our current one. After considering this options carefully and doing research we have discovered that we should be able to sell our current 2005 Minivan for the same price as we purchase this one.  One of the major upgrade besides the mileage is that this van is a 6 cylinder as opposed to our current 4 cylinder one.
  • Auto insurance will decrease by $75 one we are able to sell our current Minivan
  • Debt (excluding mortgage) is sitting at 10k, however 1/4 of that should be erased when we sell our 2005 Minivan.
  • For the month of June, we will have a zero balance budget, meaning that our expenses and income are even. Any “extra” or found money will be used to bring the debt load down even more.
  • All of Zach’s medical expenses have been paid! In addition, I have finally managed to pay off all outstanding medical debt!

I am really excited to see this journey speed up as we head downhill and finally our goal is in sight and manageable!

 

Leave a Reply

Your email address will not be published. Required fields are marked *