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