I can’t believe another year has passed! We really did a number on our goal of paying off everything by purchasing a new car and motorhome.
Our goal for the last year was to pay off $50,000 and have $20,000 in savings. Well, neither one was achieved.
So before the car and motorhome are added in, we paid off $32,355.33 in previous debt.
- Mortgage is now at $96,827.40 ($9425.34 paid off)
- Student loans are now at $25,183.76 ($19508.63 paid off)
- Cars before new purchase $0.00!! ($3419.36 paid off)
New Debt: ($7150.19 already paid off!)
- New Car $33,884.83 (paid off $5979.78 so far)
- Motorhome $106,355.97 (paid off $1170.41 so far)
Total paid off during previous year: $39,505.52 This is much less than our $50,000 goal. We did take a trip to Hawaii this last year. We’ve gotten into the bad habit again of eating out more often. We need to reassess this category in our budget.
Savings account has $14,118.49
Total debt = $262,251.96
New goals:
* reduce debt by $50,000
* get savings up to $20,000
* try not to spend too much on the new granddaughter. It’s gotten easier to not spend much since the showers are over.
$39, 500 is excellent paid off!!
That is very impressive!
We’ve decided that we will eat out some. We have to enjoy our life, while we’re living!!
(And driving our new truck! lol)
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haha I know! Sometimes being frugal doesn’t help our relationships.
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Exactly!! Gotta have some fun!!
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