100_3407We have been paying down our debt since October, 2011.

The current balance and the change in balance since the last report on May 2, 2013 are:

Personal credit card: $12,475       -125

My student loan:  $2,375.81              -714.59

Husband’s student loan #1:  $13,320.76        -64.36

Husband’s student loan #2: $16,805.07       -36.92

Total:  $44,976.64       – 922.87

A few notes:

The Negative:
There wasn’t much negative this month.  I finally feel like we’re embracing gazelle intensity again.

The Positive:

In the 19.5 months since October 20, 2011 when we began to  focus heavily on our debt repayment, we have paid down $12,989.37.  That equals $666 per month.  Next month, I’m hoping the grand total of my husband’s student loans will be under $30k.  (They are at $30,125.83 combined now.)

Emergency Fund

Our emergency fund is now at $3,000.  Since my husband’s job is experiencing some instability, we plan to begin to work to increase that amount to at least $6,000 in the next few months, but no progress has been made on that yet.

When we became Gazelle Intense on October 20, 2011, our balance was $57.966.01.  Since then, we have paid down 22.40% of our debt, or $12,989.37.

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