Late is better than never! Plus, my Debt payments are all scheduled for middle-to-end of the month so these are all still true numbers, no additional payments have been made in June yet. Here ya go:
| Place | Current Balance | APR | Last Payment Made | Last Payment Date | Original debt, March 2014 |
|---|---|---|---|---|---|
| Navient | $72535 | 6.55% | $980 | May | $74218 |
| ACS Student Loans | $8596 | 6.55% | $20 | May | $8215 |
| Balance Transfer Student Loan #2 | $7350 | 0% (through April 2017) | $300 | May | $7650 |
| Medical Bills | $5811 | 0% | $25 | May | $9000 |
| Balance Transfer student loan #1 | $0 | 0% | - | Paid off in March 2016 | $5937 |
| PenFed Car Loan | - | 2.49% | - | Paid off in January 2016 | $24040 |
| License Fees | - | 2.5% | - | Paid off in April 2015 | $5808 |
| BoA CC | - | 7.24% | - | Paid off in June 2014 | $2220 |
| Mattress Firm | - | 0% | - | Paid off in May 2014 | $1381 |
| Wells Fargo CC | - | 13.65% | - | Paid off in May 2014 | $7697 |
| Capital One CC | - | 17.9% | - | Paid off in March 2014 | $413 |
| Totals | $94292 (April balance = 95,250) | $1325 | Starting Debt = $145,472 |
| Month | 2015 | 2016 GOALS | 2016 |
| January | $1678 | Goal: $3500 | $4013 |
| February | $1822 | Goal: $1000 | $1261 |
| March | $653 | Goal: $1000 | $2134 |
| April | $1796 | Goal: $2000 | $1521 |
| May | $1708 | Goal: $2000 | $1325 |
| June | $725 | Goal: $4000 | |
| July | $2125 | Goal: $4000 | |
| August | $2250 | Goal: $2500 | |
| September | $2575 | Goal: $2500 | |
| October | $5513 | Goal: $2500 | |
| November | $2751 | Goal: $2500 | |
| December | $2522 | Goal: $2500 | |
| Total | $26118 | Goal: $30,000 |
At this point (Jan-May), our goal was to have paid $9,500 in debt so far. Our actual payments put us at $10,254. So even though our recent payments have been below our goal, overall we’re still on track to hit our annual goals. Just as a note, the reason why the goal is set so high for June and July is because I get big checks from my part-time job these two months (instead of spreading out the payment across 4 months, which would be normal sized, I don’t get paid in May or August at all, but instead I get double-sized payments in June & July). Right now it feels scary/intimidating/impossible to be making a $4,000 debt payment (though, to be fair, I haven’t been paid yet this month so that’s probably why). I still want to be cautious and re-allocate some funds back to our emergency fund after having to raid it for life’s recent emergencies. But I still think (fingers crossed) we should manage to make some pretty hefty sized debt payments, too. Time will tell and I’ll keep you updated! : )
Hope you all have a great weekend!
