Pay Day ep. 12 (I’m still alive!)

So, hi! This month has been awesome. With a full week on the boat, and a mini-girls weekend this past weekend, I’m feeling (somewhat) rested and relaxed. Summer reading list was attacked, sleeping in was achieved, swimming with kids and being a general goof all check-marked off the to-do list.

AND – I’m still paying off debt. Did you think I forgot? I really didn’t! I missed the last update, but progress still happened!

Total applied to LOC:        $750

Current LOC Balance:       $5279.90 -Not quite the progress I wanted, but I pulled back a little on this payment to make sure I had enough for our holiday. And we did – all paid in CASH.

Progress on LOC to date:  $9,328 – double digits are coming with the next payment. Yeah, baby!

Car Loan:                               $15,662.64 -It’s still there, it’s still in the cross-hairs.

With school, September and everything-pumpkin-spice looming, I’m all gung ho to get rid of the LOC, clean up house, purge what we don’t need, eat healthy etc. etc.

Here’s the drop date on the LOC  – October 7th.

It will mean some serious focus on sticking to the budget, finding fun in the free stuff, and keeping the goal in mind.

4 payments of $1250 each. And then  – BAM- no more line of credit.

My payment this week is a little delayed, as I have been putting my rental property income towards the debt and this doesn’t’ come until after the 1st of each month. To keep honest, I’ll update when it’s applied.

I’m considering taking just a one-paycheque break after the LOC is cleared as some celebration breathing room. Can I do that? Did you do that?

Till the next updated, I’m enjoying the last few days of summer – hope you are too!

 

Pay Day (ep. 11) – the one where holidays are adding ($$!!) up

Don’t worry, we’re still making progress. But with the hot months, day camps, boats in the water and working to make the most of it all, my July expenses were DOUBLE March…and April, and May!

I get that we do more ‘low cost’ stuff during the winter. In our house, in this part of the world, we hibernate, work on projects on the house, train for races coming in better weather, entertain at home and read more during the winter. And my spending reflects that.

Summer? It’s like we drop all common sense and, because our summer season is a short 10 weeks or so, just figure ‘eh, go for it!!’. After looking at July, we went for it A LOT.

We’ve already coined this winter as the ‘winter of discontent’, also known as the winter of ‘NO’. Till then, we’ll make hay while the sun shines and the weather is hot, hot, hot.

The numbers, although showing progress, indicate that I’m a little behind plan. Meaning final pay off may not be till October, not September as hoped. C’est la vie, I’ve got to little a little too, right?!!

Total applied to LOC:        $1245

Current LOC Balance:       $5999.23  -see what I did there? Just couldn’t resist pushing the budget a bit to get it below $6k 🙂

Progress on LOC to date:  $8,5778 – man, that feels chunky. That’s a needle move!

Car Loan:                               $15,662.64 -ugh, I want this to MOVE. I’ll update the balance on the day I make the last payment on the LOC.