Wednesday, December 31, 2014

End of 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: $34,961
Student Loan 2: $19,351
Student Loan 3: $0
Car Loan: $0
Credit Card 1: $0
Credit Card 2: $0
Credit Card 3: $4,730
Misc. small debts: $4,349
Medical expenses: $1,887
Parents: $0
Consolidation Loan: $9,037

Total: $74,315

Paid off to date: $26,808 paid off + $1,348 in savings


The final quarter of 2014 got us moving back in the right direction. After three quarters of debt increases, I was feeling like we may never get back on track and that we might have made the wrong decision in changing up our lives so dramatically with the move. But here we are at the end of 2014 and I have hope again that we can pay off our debt! We’re ending the year with roughly $1000 more in debt than at the same time last year. It’s disappointing but given the year we had I’m ready to get over it, forgive the past and just focus on what we can accomplish in 2015.

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