Monday, July 8, 2013

Net Debt - June 2013

Student loans: -$79,695.82 ($259.96)
Car loan: $0
Revolving Credit card debt: $0.
Mortgage: -$133,449.01 ($252.097)
Total Debt: -$213,144.83
Debt Jan 1, 2013:  -$216,875.08 ($3,730.25)

This past month was my birthday, and as such, I didn't receive much, but the biggest and probably best gift was honestly a gift from my wife, $500 to knock down student loans.  It's a little depressing to know that we applied so much to the student loans (over $600 monthly, and this past month over $1k) and still only made such a marginal difference, however, I suppose a chip at a time helps it go down.

So far of the 2 federal loans I have, one of them is down to the principle and the other is close. Hopefully, if they can adjust how I apply my payments, it'll be down to the principle as well within the next 3 or 4 months (making my goal of paying the actual principle down by 2014).  However, my private loans, while we were hoping to have the interest all paid off before the year is over, currently it looks like it might go over by 3 months (Feb or March of 2014...Miscalculation?  I honestly don't know) unless I can compensate for it somehow (maybe my end-of-year bonus will go towards it, who knows).  I would really like for 2014 to be a year to knock down the principle payments, hopefully that dream of mine will still come true, but we've had and will continue to have some medical expenditures that we didn't quite anticipate.

Other than that, life is good here. We are doing some small upgrades to the house.  We just ordered a new fan for the guest room which I'll install this month sometime. In August we have a big dental expense, and in September, we'll probably FINALLY buy that flooring and hopefully install it as well. Perhaps in October we'll finally get a new couch as well as the one we have currently is a bit small, but that's sort of in the air and not an absolute necessity.

Also, I'm being good to myself by biking about 5 miles a day on most days with my exercise bike. It helps that while I'm doing this, I'm also reading on my kindle. I don't know about you, but this is the best kind of relaxing for me! Relaxes the mind, burns off the stress of the day, and helps keep the tonnage off.  I'm also feeling a little confident about my C++ programming, but I'm still in the beginning stages and learning a lot. Until next month!