Four Month Check In

Four Month CheckIt’s time to see how my finances are doing. This is April, the fourth month of my attempt to reduce my debt. I began the month with a total debt of $99,163.80 and was quite happy to have cracked the 6-figure mark. You have no clue how happy I was to get below that number.

I had no goal for April, just the general one to reduce my debt, but I do have two for May. I would like to see the car loan down below $3,500 and the personal loan around $400. Those are the two loans that I would like to get rid of first then I will begin working on my credit card and the demon, the HELOC. I like tackling things two at a time. It makes me feel good.

I am beginning May with a debt total of $97,754.58 which means that I reduced my debt by $1,409.22 in May which was more than 70% of my take home pay for the month. That was awesome! How did I manage to do that? I slashed my grocery spending in (almost) half by stacking and doubling coupons. I also traded coupons with my mom and my brother’s girlfriend (hey Sonya!) and took advantage of some great sales and specials. I didn’t drive much so I saved the gas money, and used a free entree coupon for my birthday brunch at IHOP (I have no shame). I also made very few purchases that used my own personal cash and instead opted to use my birthday money. Oh, and as much as I wanted to hit the nail and beauty salon for my birthday I decided that I can continue looking like a mess. Plus, short hair is high maintenance. 🙂

So far, I am down $8,069.59 in debt for the year. I think I’m trucking along. I can’t wait to see what May brings.

Join the newsletter

Subscribe to get our latest content by email.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit
Related Posts Plugin for WordPress, Blogger...

1 thought on “Four Month Check In

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.