Our end of month debt payment check in.
Total = $3,731
This payment was made up of:
- Our minimum payment
- Side hustle income
- Salary Increases
Our current debt balance is $14,950. To reach our end of year debt free goal, we need to pay at least $3,740 a month. It is time to get serious, our budgets going forward will be ‘bare bones’ (we will discuss in a future post)
Let’s go September!
#1 stay within pockey/fun money budget.
Results: 👎🏾 This was a fail but we used the majority of this money for a family emergency.
#2 Pay at least $4000 to debt.
Results: 👎🏾 we barely scraped $3700. Check out our ‘Under $15k‘ post for the full story.
#3 Get debt balance below $15,000.
Results: 👍🏾😁 it felt good scraping up just enough money to reach this goal. Current balance $14,951.
#4 Put our vehicle for sale.
Results: 👎🏾 setting this goal for August was a bad decision. This was forwarded to September.
#5 Put entire salary increase to debt.
Results: 👍🏾 we were making it through without this money before and we intend to act like it never happened. We did have a family night out to celebrate though.