A Friday Debt Payoff Progress Update
May 16, 2008 – 4:22 pmWelcome to Working For Financial Freedom. If this is your first visit please read about this blog. You can keep updated by subscribing by email or to my RSS feed. Thanks for visiting!
Today is payday. Kind of a fun day for me being a geek when it comes to our finances. I balance the checkbook, reevaluate our upcoming expenses and throw extra money at our debt.
Our debt consists of two vehicle loans (no more credit card debt!). Today two payments totaling $691 were applied. Here is where the money went: (these are our car payments, so ya might want to sit down before you take a peek at them. They aren’t for the faint of heart.)
$186 (half of the regular monthly Mustang payment of $368)
$505.11 Ford F-150 payment
AND! because this is one of those crazy 3 paycheck months we had an extra $1,000 to throw at the Mustang debt. (My hubby gets paid every two weeks, so 2 months of the year we get an “extra” paycheck.)
Grand total: $1,691 that went towards debt
I still have to finish working the budget and checkbook so I think I might be able to squeeze out a little extra money this paycheck to throw at the debt.
The older kiddos just came home from home school so I’m off to spend time with them. I hope everyone has a great weekend!
