Wednesday, October 16, 2013

Net Debt - October 2013

Student loans: -$77,645.88 ($1,484.51)
Car loan: $0
Revolving Credit card debt: $0.
Mortgage: -$132,686.74  ($255.09)
Total Debt: -$210,332.62 ($1,739.38)
Debt Jan 1, 2013: -$216,875.08 ($6,542.46)

Great news! For my two student loans, Aspire and Discover, all of the interest will be paid off by the end of next month! There is currently around $350 of interest left, and we pay more than that each month for sure. Soon we will have to change gears and begin to pay the highest interest to get it paid off as quickly as possible.
The mortgage is slowly going down - one monthly payment at a time. We've been getting a lot of flyers from our mortgage company to refinance, so I'm not sure if it'll help pay down much faster, I'd like to investigate just to be sure. The wife doesn't like the idea of paying more closing costs though...

Likewise, next year will probably be a wild roller coaster for us as we will be adding another human to the household: Healthcare expenses (i.e. dependent coverage), childcare costs ($1k easy per month), and reduced income due to maternity/paternity leave will make things interesting to say the least. We will have to look at our budgets and discuss priorities, but we will make it work :).

However I'd like to share a couple of websites that I have found recently that might save you some green. For today, lets start with This website lets you put a bid on a popular item at retail stores to get a great deal.  They sell TV's, laptops, baby gear, etc.. I personally haven't purchased anything from them, but was intrigued by the concept. I will let you know when I know more!

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