June 1 Check In

8 years ago

It’s June. Time to check in on how I’m doing with my debt. Sorry for the late post. I had the most horrible migraine and work is incredibly busy again.

May 1, 2010
Student Loan #1 $1,436.27 @2.48%
Credit Card #1 $662.93 @13.99%
Credit Card #2 $3,384.04 @14.25%
HELOC $43,560.28 @3.125%
Student Loan #2 $37,985.67 @3.3%-7.5%
THE BED $1,446.50 at 0%
Personal Loan $0
Car Note $0
Total: $88,475.69

June 1, 2010
Student Loan #1 $1,239.61 @4.5%
Credit Card #1 $1,102.07 @13.99%
Credit Card #2 $2,920.57 @13.99%
HELOC $43,057.68 @3.125%
Student Loan #2 $37,905.02 @3.3-7.5%
The bed $1,321.50 at 0%
Personal Loan $0
Car Note $0
Total: $87,546.45 $

Savings: $549.24
Savings Goal: $3,000

I’m surprised that my debt total went down last month. Emptying out my saving to pay off my mom 5 months early was definitely an unforeseen bump in the road but that okay, I’ll overcome it.

You’ll notice that one credit card balance went up. I paid the total for one year’s home insurance with the credit card. I’ll put some of June’s rent towards the credit card to pay off the amount that the insurance cost. I do have to pay for a certificate of occupancy ($100) which might end right back up on the credit card, and pay for some minor repairs in the house which I project will cost another $200. I’m tracking all the expenses that I pay for the home so that I can claim the rental income and offset the costs of the home on my taxes. This girl is planning ahead.

I checked my credit score and an happy to say that it’s at 797! I want to get over the 800 hump to qualify for a loan to take care of some tax liabilities that I have outstanding from when I closed my business. I won’t do that until I pay off credit card #1, which I project I will do at the end of July.

With my new credit score in hand I called GEICO to reassess the cost of my insurance and sure enough, my monthly insurance cost went down by about $17. It’s not much, but it adds up to over $200 in one year. All it took was a phone call. Next up I want to call one of my credit cards to see if they can offer me a promotional rate on a balance transfer. If I do all of the math and it’s cheap to do a balance transfer I might transfer all of my credit card balances onto one card.

How did you do this month?

Image courtesy of Foodaholics

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Sandy Smith

This messy little blog was all my doing. I started this blog four years ago as a way of keeping myself accountable to my own debt reduction plans. Now I'm using this blog to help others get out of debt as well. Consider subscribing to get more delicious posts like this at least twice per week.

23 thoughts on “June 1 Check In”

  1. Welcome to the Festival of Frugality!  This is the 226th edition of the festival and has been deemed the Earth Week 2010 Edition in honor of Earth Day on the 22nd.  There’s a lot of frugality to read today, so let’s get right to it. The sta…

  2. Welcome to the Festival of Frugality!  This is the 226th edition of the festival and has been deemed the Earth Week 2010 Edition in honor of Earth Day on the 22nd.  There’s a lot of frugality to read today, so let’s get right to it. The sta…

  3. One of the green things I’ve been doing plugging out unused appliances. Watching the bottom line eh.

  4. One of the green things I’ve been doing plugging out unused appliances. Watching the bottom line eh.

  5. I think I’d rather just keep it professional with a Facebook. All in all, keep it classy and I’m sure you’ll be fine if you decide to engage in other forms of social networking.

  6. I think I’d rather just keep it professional with a Facebook. All in all, keep it classy and I’m sure you’ll be fine if you decide to engage in other forms of social networking.

  7. Victoria,

    You’re right the 0% usually applies to just the balance transfer, but for this card I got a $50 credit on the card once I spent $50 (so it was basically free money) AND they offered 0% interest on purchases through December. So I have some time to pay off that balance before interest begins to accrue. Good catch!

  8. Victoria,

    You’re right the 0% usually applies to just the balance transfer, but for this card I got a $50 credit on the card once I spent $50 (so it was basically free money) AND they offered 0% interest on purchases through December. So I have some time to pay off that balance before interest begins to accrue. Good catch!

  9. Those F’ers! You have to get down to the court house where the default judgment was obtained and try to obtain a notice to show cause to stop the court from seizing assets on the judgment.

  10. Those F’ers! You have to get down to the court house where the default judgment was obtained and try to obtain a notice to show cause to stop the court from seizing assets on the judgment.

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