Wide Open Wallet

An honest look at family finances

Archive for June 16th, 2008

Guest Post

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

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  • June’s Debt

    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

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