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Wednesday, March 7, 2012

Debt updates

Okay, well we've been in Financial Peace class since February 5th, so it is time for some updates. For now, I have decided against posting a complete list of our debts. Suffice it to say, it is well over $100,000 (a vast majority of which is student loans). However when I look at that big picture, it scares and depresses me. So I've decided to focus on small bits at a time. Reminding myself constantly that God is in control and HE will get us through this if we are faithful and follow His plan.

So, since our first Financial Peace class on February 5th, we've paid:

$100 towards student loans
$118.02 towards our Napa bill
$107.78 towards our tax bill
$150 towards one credit card
$25 towards one credit card
$25 towards one credit card
$50 towards one credit card
$100 towards our Bass hospital bill
$18.80 for a doctor bill
$72.09 interest payment on our house (it was time for the balloon payment and refinance last month).

For a total of: $766.69!

Additionally, we have $205 in our Emergency fund and we paid two cell phone bills and two house/cable/internet bills in the last month to get completely caught up on those. Our electric bill got paid on time in February so no late fee. That's probably the first time since last spring that it's been paid on time. After the horrible, horribly high bills last summer, we had a terrible time getting caught up. Our gas bill was behind, I made payment arrangements on that so we're working on that.

We have a March budget done and so far it's going pretty well. I had a certain amount budgeted for groceries/Wal-mart shopping last weekend. I really wanted to go to United's double coupon event last weekend, but after getting what I needed bought, I only had a few dollars left. I decided not to even tempt myself by going in there. I figured I'd find something I "needed" and blow my budget. Sometimes the best thing to do is avoid the stores. Plus I wanted to save a few $'s to send with Tom today to get some great deals at Jumbo's (canned vegetables for 25 cents a can with coupons and salsa for 50 cents a jar with coupons).

So...keep sending those prayers up for us. And I have an interview on March 20th to fill a spot with a newborn in mid-May so please pray for God' direction there. Thank you!


Brenda Goetz Salladay said...

Still praying for you and Tom as you work to get out of debt. You can do it!!!

KiddoKare1 said...

Thanks Brenda! Praying for you and Richard!