Well, here we are again. I have July’s debt and last month’s interest earned. We paid $1,905 towards our debt and reduced the total by $1,149. Doing the math, we paid $756 in interest. Blah. But this brings our total debt to $175,550. I am looking forward to getting under $20,000 on the van though. Next month for sure! Here’s the breakdown…

I finally got motivated and added the balances of the savings account to the spreadsheet. We have a total of $20,182 in savings and earned interest of $38.78 in June. A lot of our savings is earmarked. It’s not all emergency fund. But I suppose if an emergency really came it would all be available. I guess you could call it an emergency emergency fund. lol. But $1,800 is saved for Disneyland. We shouldn’t need that much though, but I’d rather have more than enough than run short. Then $3,400 is money we had saved to landscape the backyard but since the loan is at zero percent we figured we would earn interest on our money for as long as possible. Lastly, about $5,400 is in our cushion fund (to steal a term from Mrs. Micah) for when my husband doesn’t get overtime. Again, hopefully we don’t need this whole amount, but it’s there if we do.

pic by: frankh

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Related posts:

1. May’s debt
2. June’s Debt
3. April’s Debt
4. Emergency Funds
5. March’s Debt