Money and Finance
Earlier this month I charged almost the rest of the balance of our high interest debt off. This month I charged a total of $9.766.39 to my credit cards to pay off our debt. I left a little bit on for next payment so they take the full amount with the interest to have the exact amount taken to be paid off. I cash flowed $2,987.00 and raided my emergency fund to pay off the other $6,779.39. The emergency fund raid took savings down to just over 2 months of expenses. However, it will be back to just under 5 months after June is done. Of course my emergency will also cover more now that my required expenses will be dropping since this debt will be gone. I still have some personal loan debt from family that I need to pay off but that won't be a big issue and I can make a steady monthly payment to that now. It feels so good to know that come June 1 that high interest debt will done with and I can start back on my path toward financial independence. My savings rate will hopefully be staying right around what I've averaged so far this year, 73.53%, but the majority of that will go towards investing. June will be an awesome month since the high interest debt will come off and of course my marriage coming up on June 24th. Plus I'm looking forward to my bachelor party in Vegas. So many exciting things are on their way.
And the best part about charging it on my credit card and paying it off in full is that I get to take advantage of my cash back and mileage programs on the two cards I used. I was able to get 1.10% cash back and an extra 6,779 miles. All in all it feels great to get this just about done with.
- What Are You Doing With Your Tax Refund?
April 15th is fast approaching us. That wonderful deadline where that mysterious Uncle Sam that I've still yet to meet comes either asking for money or sends me a check. It's time to look at the ways you can use any refund coming your way....
- Finally Gone
My last payment for my high interest debt is officially paid. It's such an awesome feeling to have that burden gone. That's an extra $230 of monthly cash flow that will be going to saving. And the best part is that it's 4 months ahead of schedule...
- Income Update - April 2012
April turned out to be a pretty good month. I did a good job of lowering my expenses. My minimum expenses were down to just $1,541.22 which is really good. This month was $114.59 less than the average through March. My total expenses saw an even better...
- Net Worth Update - December 2011
December wasn’t a great month, but that was mainly due to the fact that I finally got a chance to be a home and recalculate my debt that I owe. This change should’ve been reflected back in October but I’ve been working a whole lot and haven’t...
- Free At Last!
Hi Everyone, It's a big day for me today. I no longer have any student loans!! Way back in 2009 I graduated with a Bachelor of Science degree in Meteorology and with my 8 X 11 piece of paper, I had roughly $25,000 in student loan debt....
Money and Finance
Debt is almost gone
Earlier this month I charged almost the rest of the balance of our high interest debt off. This month I charged a total of $9.766.39 to my credit cards to pay off our debt. I left a little bit on for next payment so they take the full amount with the interest to have the exact amount taken to be paid off. I cash flowed $2,987.00 and raided my emergency fund to pay off the other $6,779.39. The emergency fund raid took savings down to just over 2 months of expenses. However, it will be back to just under 5 months after June is done. Of course my emergency will also cover more now that my required expenses will be dropping since this debt will be gone. I still have some personal loan debt from family that I need to pay off but that won't be a big issue and I can make a steady monthly payment to that now. It feels so good to know that come June 1 that high interest debt will done with and I can start back on my path toward financial independence. My savings rate will hopefully be staying right around what I've averaged so far this year, 73.53%, but the majority of that will go towards investing. June will be an awesome month since the high interest debt will come off and of course my marriage coming up on June 24th. Plus I'm looking forward to my bachelor party in Vegas. So many exciting things are on their way.
And the best part about charging it on my credit card and paying it off in full is that I get to take advantage of my cash back and mileage programs on the two cards I used. I was able to get 1.10% cash back and an extra 6,779 miles. All in all it feels great to get this just about done with.
- What Are You Doing With Your Tax Refund?
April 15th is fast approaching us. That wonderful deadline where that mysterious Uncle Sam that I've still yet to meet comes either asking for money or sends me a check. It's time to look at the ways you can use any refund coming your way....
- Finally Gone
My last payment for my high interest debt is officially paid. It's such an awesome feeling to have that burden gone. That's an extra $230 of monthly cash flow that will be going to saving. And the best part is that it's 4 months ahead of schedule...
- Income Update - April 2012
April turned out to be a pretty good month. I did a good job of lowering my expenses. My minimum expenses were down to just $1,541.22 which is really good. This month was $114.59 less than the average through March. My total expenses saw an even better...
- Net Worth Update - December 2011
December wasn’t a great month, but that was mainly due to the fact that I finally got a chance to be a home and recalculate my debt that I owe. This change should’ve been reflected back in October but I’ve been working a whole lot and haven’t...
- Free At Last!
Hi Everyone, It's a big day for me today. I no longer have any student loans!! Way back in 2009 I graduated with a Bachelor of Science degree in Meteorology and with my 8 X 11 piece of paper, I had roughly $25,000 in student loan debt....