We have been paying down our debt since October, 2011.

The current balance and the change in balance since the last report on February 4, 2013 are:

Personal credit card: $12,968.98     -150.00

My student loan:  $3,618.51                 -355.78

Husband’s student loan #1:  $5,133.26     +2.95

Husband’s student loan #2:  $8,357.70     -5.30

Husband’s student loan #3: $16,992.33   +12.11

Total:  $47,070.78     – 491.35

A few notes:

The Negative:
My husband’s student loans go back into active repayment in March and April.  I had been only paying the interest and applying the difference to my student loans while his were in deferment, but now I’ll no longer be able to do that.  I’ll have to find a way to apply extra payments to my student loans while also paying his.  Not sure how that is going to happen.

The Positive:

Next month we’ll be under $47,000, which is a good psychological boost.

In the 16.5 months since October 20, 2011, when we began to focus heavily on our debt repayment, we have paid down $10,895.23.  That equals $660 per month.  Not shabby considering our income is only now beginning to increase.

Emergency Fund
Our emergency fund is now at $3,000.  I had originally wanted to have a $5,000 emergency fund, but I think we will see how it feels at $3,000.  That might be where we keep it for awhile.
When we became Gazelle Intense on October 20, 2011, our balance was $57,966.01.  Since then, we have paid down 18.8% of our debt, or $10,895.23
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