Debt Update

So it has been a little bit since I’ve written a blog. The end of the school year brings some busy days for me as I get my bus cleaned and ready to turn in. I keep my bus clean all year but this year, for some reason, I waited until the end to get the gum scraped off the floor. That was fun. 🙂

So, Baby Step Two

To recap, we started our Debt Free Journey in January of 2018. We had $37, 875.22, which consisted of credit cards, medical bills, a school loan and a car. At the end of 2018 we had paid off 2 debts and we were down to $22,068.94. While checking a credit report I found another debt in collections so we were back up to 7 debts. You may remember that I lumped the collections into one sum and am saving a little every month until I get enough to pay the smallest one off. I’ll then call them up and pay it off. So until that happens I have a Capital One account called collections and a line item on my budget with the same name.

As of June 1st we have 7 debts totaling $19,477.92. That is down $673.10 from May. That is also down $18,397.30 in 17 months.

We paid $387.31 on our mortgage principle this month and $14,387.56 since we bought the house.

That’s our debt report for June.

Are you on a debt free journey? Let’s talk!