Wednesday, September 5, 2012

Net Debt - September 2012

Student loans: -$78,607.60 (+$37.23)
Car loan: $0
Revolving Credit card debt: $0.
Mortgage: -$135,606.08
Total Debt: -$214,213.68 (+248.61)

I'm not quite sure how or why the student loan has only gone down $37 this month while last month it went down $63 with the same $100, but at least it is going down. :-)  The mortgage supposedly went down over $3000, so I think I may not have updated it last time around. I'll take the blame for that, but I double checked by looking at the total debt, and since that only changed by around 250 dollars, highly likely I didn't update it correctly last month for what ever reason. Sorry guys!

There have been some unexpected expenses with the new kitty joining the family and the expensive medical bills that came with him, but things are still getting paid down. My wife and I now have a big plan of trying to pay off all of the interest in my student loans within the next two years (while it's on deferment) and trying to tackle my federal student loans before repayment starts. We're doing this because they are sitting at 6% interest and it'll make retirement that much harder if we have to pay that type of interest for the next 10-20 years.

Just like last month, I'm still saving for a new garage door opener and we now have $136.38 ($106.38 from CC rewards and $30 from surveys). Passed the half way mark and still going. We have had a rash of car break-in's where we live, so we may end up purchasing it earlier than expected. Regarding the surveys, they  haven't brought in any more money primarily because I've been super lazy and haven't done any in a long time. But we'll see and I'll try to do some more when I have free time.

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