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

The current balance and the change in balance since the last report on June 3, 2013 are:

Personal credit card: $12,350       -125

My student loan:  $1,901.65                -474.16

Husband’s student loan #1:  $13,232.08          -88.68

Husband’s student loan #2: $16,737.33          -67.74

Total:  $44,221.06         – 755.58

A few notes:

The Negative:
There wasn’t much negative this month, though I would have liked to have dipped below $44k total owed.

The Positive:

I’m excited that we’ve finally reached the milestone of getting my husband’s student loans below $30K and mine below $2K.  It’s been a long time coming!

In the 20.5 months since October 20, 2011 when we began to  focus heavily on our debt repayment, we have paid down $13,744.95.  That equals $670 per month.

Emergency Fund

Our emergency fund is now at $3,000, but it’s going to take a hit soon.  We’re facing a lot of upfront homeschooling costs that we hadn’t budgeted for since we didn’t plan to homeschool until late April.  Also, we finally had to bite the bullet and get our spark plugs replaced, which, combined with the oil change, was almost an $800 bill.

When we became Gazelle Intense on October 20, 2011, our balance was $57.966.01.  Since then, we have paid down 23.71% of our debt, or $13,744.95.

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