Friday, January 21, 2011

Progress...

Last time:
  1. pay off my credit card-$741.27 (approx.)
  2. replace $1031.17 of my personal savings
  3. increase short-term emergency fund to $2500 (so $1500 to go)
  4. save $20,000 for long-term emergency fund (we currently have $5177.40, so $14,822.60 left to go)
  5. pay off mortgage (as of December 31, our balance is sitting at $95,526.50)
And this time:
  1. pay off my credit card-$346.31 (approx.)
  2. replace $1031.17 of my personal savings
  3. increase short-term emergency fund to $2500 (so $1500 to go)
  4. save $20,000 for long-term emergency fund (we currently have $5177.40, so $14,822.60 left to go)
  5. pay off mortgage (as of January 14, our balance is sitting at $95,290.11)
Once I get my interest payment (around the end of the month, so not too much longer), and get reimbursed for some medical expenses (which I have yet to mail), my credit card should be paid off. Yay! Then I can work on getting my savings back to where they should be.

My husband didn't get paid as much as I thought for the last two pay periods. I thought he'd get quite a bit because he did a fair bit of overtime, but he also got out half a day early on both Christmas Eve and New Year's Eve, so I guess that counteracted it. At least this pay period had a little extra (just not as much as I thought).

I'm guessing on the mortgage, but I think it's accurate as far as extrapolating the statement we had. I figured that the principal payment went up by $0.15 every two weeks, so I used that. I think we should get the new statement around the beginning of February, so hopefully I'm right and I can see how accurate it actually is. I hope if it's not accurate, the actual amount is in our favour, and that we owe less than I thought instead of more!

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