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Tuesday, February 7, 2012

Where the money stands

as of February 7th, 2012

Debts


Mortgage - $31 881.82
Vehicle Loan - $4784.98
Line of Credit (new...sigh) - $3750

Total Debt - $40 415.98

Savings (Planned Spending)

RESP - $9447.00
RRSP - $4000
EF (TFSA) - $2000
Summer 2012 - $1000

DS's trip (spending money) - $1200


Thoughts:  I hit both Debt and Saving hard this past month. I have DS's travel money as well as our summer money. I did a good job picking away at the vehicle loan. It is down almost $2000. I need to keep hitting it hard to get it GONE.  It's exciting to see it under $5000 owing now.

Best part of this is that next update, in March, (barring any unforseen expenses) I will finally
be
UNDER
$40 000.

I look forward to that.

4 comments:

Northern Living Allowance said...

Hurrah! It's frustrating taking a step back, but your numbers on the plus side are looking pretty good, too! Bit by bit by bit we get there...But don't forget, you've already slam-dunked TWO of your goals for this year. Already! You'll have that $40K gone in no time at this rate. :)

Cynthia said...

You're doing great! Your focus on applying snowflakes to debt and proactively saving for planned expenditures is awesome. Keep going!

~Carla~ said...

Good stuff!! :) You're doing great!

How are you feeling? :)

Jolie said...

Thanks everyone. February isn't feeling quite so in control. Or perhaps I am just too anxious to get this debt done.