Tuesday, September 30, 2014

3rd Q 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: $35,319
Student Loan 2: $19,837
Student Loan 3: $0
Car Loan: $0
Credit Card 1: $0
Credit Card 2: $0
Credit Card 3: $5,939
Misc. small debts: $4,349
Medical expenses: $2,218
Parents: $0
Consolidation Loan: $9,458

Total: $77,120

Paid off to date: $24,003 paid off + $655 in savings

Let's get the bad news out of the way: we increased our debt for the second quarter in a row. We're another $688 higher than we were last quarter. The good news is: that's all we increased despite having over $2,300 in medical bills this past quarter. If I'm trying to see the glass half full, it's also good that all of the medical debt we've added over the last quarter is interest free and is in the process of being consolidated into one low monthly payment.

Other good news, we've finally got some cash in savings, some of which is "emergency" and some of which is being set aside for our car insurance payment. Barring any major unforeseen events, I am hopeful that the coming quarter we will finally start making a dent in debt again as well as finally get our emergency fund back up to $1000.

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