An honest look at family finances
16 Jun
I just wanted to let everyone know that I wrote a guest post for Emily over at Remodeling This Life. She has such great blog. So full of insight and heartwarming stories. I was honored that she asked me to write a guest post for her while she is on vacation. If you have never visited her blog now would be the perfect time.
Pic by: stardust
16 Jun
Well, I have my debt balances for June. Yay. I love watching them go down, down, down. Even if it’s just a little bit. We made debt payments totaling $1,859 and the balances were reduced by $1,142. Which means that we paid $717 in interest. Which is $61 less than last month. So that’s good at least. Our total debt now equals $176,697.
Here’s the break down…
| House | 142,771 |
| Van | 20,649 |
| Backyard | 7,785 |
| Car | 5,492 |
| 176,697 |
I was feeling pretty depressed about the debt situation yesterday. No particular reason really, just frustrated with how it doesn’t seem to go down. So I was looking at my spreadsheet and since January our total debt has gone down a total of $6,660. It means we are going to pay off well over $10,000 this year. It’s nice to see that it is going down, even if sometimes it doesn’t feel like it.
Ok, enough about debt… Lets talk about savings!
I earned $36.57 in interest. Which is about $2 less than last month. I’m assuming it’s a decrease in interest rates because the balances haven’t gone down. Hopefully soon those rates will be going back up. That would be nice to see.
Pic by: frankh