9/16/2011

Debt Update

So far so good in that we're sticking to the plan, as of today we're under $10,000 - here is the debt breakdown:



This is what we have left for payments:


You can see that Jordan and My credit card are now under their 1/3 balances and we're half way their for the joint credit card.  We've received confirmation in the mail that Jordan will be receiving his grant monies within the next ten days - so that will go straight on to the joint card once we get it.

We have to make a slight adjusted to Jordan's pay off plan as something happened and there is $76 dollar's more than I thought (I probably wrote the numbers down wrong the first time or something).

Hopefully we'll get some bonus'/windfalls or some such thing to get the joint card paid of by the time we take possession of the house but I think we'll wind up having to use some of our closing cost monies (which we won't need all of for the house) as well as potentially the damage deposit from the rental that we're in now (which isn't a guarantee).

Related Posts:

  • Savings & Debt: Monthly or Lump SumI need help... Jordan and I have a budget date coming soon; and we will need to decide if we should approach paying off the Line of Credit and our Savings (including planned spending) monthly or lump sum as well as if we sho… Read More
  • Student Loan Update: Need $240/bi-weekly.I got off to a bit of a rough start with my debt repayment goals this year with a family emergency that came up in the beginning of February. Now that I have settled that – I’d like to re-visit one of my goals. My primary g… Read More
  • Tracking Bars UpdatedJust a quick update this morning - We are now permitted to spend the funds we had been required (by our bank) to allocate to closing costs.  While Jordan and I knew that our closing costs would only be beer/pizza/uhaul … Read More
  • Update: LOC, Big Backyard Project, Shares & Escape Pay Off Plan In November of last year, I was offered a Line of Credit with BMO.  We accepted it, thinking that it couldn't hurt to have the funds available - especially with planning our Big Backyard Project.  A few months bac… Read More
  • a Plan to Pay off the Escape In November, 2010 Jordan and I purchased a 2011 Ford Escape.  We chose this particular vehicle because we knew in the few short years afterward we would be increasing the size of our family and wanted to be prepared fo… Read More

2 comments:

  1. Why are you not including the Ford Escape in your debt? It's a significant debt, after-all ... I'm curious.

    ReplyDelete
  2. You are really eating through this debt. It's scary.

    @ Anonympus - If I may(sorry if I am out of place), I believe the reason the escape isn't listed there is because this debt is only related to the wedding.

    ReplyDelete

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