Wednesday, April 2, 2014

1st Quarter 2014 report

Starting point:

Student Loan 1 (My fed loan): $38,339
Student Loan 2 (S' state loan): $21,719
Student Loan 3 (S' fed loan): $5,454
Car Loan: $11,684
Credit Card 1: $10,577
Credit Card 2: $3,635
Credit Card 3: $0
Misc. small debts (S' small debts in collections): $5,443
Medical expenses: $3,672
Parents: $600

Total: $101,123

And here's were we are today:

Student Loan 1: $35,478
Student Loan 2: $19,496
Student Loan 3: $4,759
Car Loan: $0
Credit Card 1: $0
Credit Card 2: $3,171
Credit Card 3: $6,407
Misc. small debts: $4,284
Medical expenses: $550
Parents: $0

Total: $74,145

Paid off to date: $26,978 paid off + $523 in savings

This is kind of a weird quarterly report... the credit card debt balance is a bit deceiving.  Since we just moved we have a lot of money in flux.  We have a deposit from our last place we're waiting for, various small refunds, balances from multiple bank accounts being sent to us since we had to close our Massachusetts bank and set up a Kentucky bank account.  We also didn't know when my new jobs pay cycles would be or when we would have access to our new bank account so we decided to put all the moving expenses on the Credit Card.  Once all our money is consolidated into one account again, we'll make a big payment to the Credit Card debt.

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