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Watching our Debt Go Down ~ November 2009 Update

11/30/2009 by Sandra CraftyMom 3 Comments

Been a bit busy to post updates on our debt, here is the one for November.  Wow holidays upon us again. sigh

Nov update

You are currently $11,568.16 in debt. By using the snowball method and paying an extra $300.00 a month, you will be debt free in April of 2011 and pay a total of $12,343.51..

We had 12,279.73

New Balance 11, 568.16

Paid off  $711.65

August Update

You are currently $12,279.73 in debt. By using the snowball method and paying an extra $200.00 a month, you will be debt free in April of 2012 and pay a total of $13,678.45.

We had 12,692.73

New Balance $12,279.73

““““““““““““““““““““““““““““““““““““““““““`

Well I have a nice update really nice.  We had a lil blessing given to us and we paid off a large part of our debt.  We are not out of the woods yet, but it sure does feel good to have it be a smaller number.

You are currently $12,692.73 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in November of 2011 and pay a total of $13,921.95.

We had $29,846.96 – 17,154.23 = 12,692.73 Our new balance.

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Accepting that this is where we are now, and working our way out.  Digging and diggin and will will be free from MasterSlave and VisaShackles forever.

May 2009 Update

You are currently $29,846.96 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $38,369.23.

$30,457.56 –  $29,846.96 = $610.60 Paid off this month

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Update 4/2/09

You are currently $30,457.56 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $39,393.83.

$30,949.98 minus  $30,457.56 = $492.42 paid off this month

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Update 3/1/09

You are currently $30,949.98 in debt. By using the snowball method and paying an extra $25.00 a month, you will be debt free in August of 2013 and pay a total of $41,443.90.

$31,391.22  minus 30,949.98 =  $441.33 paid off this month.

It is going down slowly despite my husband working two jobs and me working at home more hours.  We are trying to build up an emergency fund, so we don’t have to go to cr cards when we need money.  Live and Learn

Update 2/4/2009

You are currently $31,391.22 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $40,668.02.

31,800.73 – 31,391.22 = 409.51 Total Our Debt Has Been Reduced.
Slowly but we are going in the right direction.

Updated 1/3/2009

You are currently $31,800.73 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $41,376.57.

32,178.29 minus 31,700.73  =  477.56 Amt our debt has gone down this month.

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You are currently $32,178.29 in debt. By using the snowball method and paying an extra $0.00 a month, you will be debt free in November of 2013 and pay a total of $44,527.21.

Ouch that hurts much, if I was depressed before, now I am going off the deep end.

Found this at Destroy Debt


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Filed Under: Uncategorized Tagged With: debt, expenses, repayment

Comments

  1. Kolfinnas Korner says

    04/02/2009 at 9:02 PM

    Looks like you’re making excellent progress! you seem to be putting a little more down than the previous month each month.

    I got an actual eye opener, we got out taxes back and figured appriximatly what we make mothly going by our gross from 2008. WOW! If hubby and I are considered working….we both make less than minimim wage. If only hubby is considered working he makes a bit more than minimum wage. we only make a little over $200 to be able to qualify for govt. assistance, however since we own a business we don’t qualify since our assets are higher. Makes no sense to me, however I am just thankful that the Lord provides my needs….and sometimes my wants.

    You’re doing great and as long as you stay faithful to Him and your goal it will eventually snowball and you will be debt free before you know it.

  2. kolfinna korner says

    05/12/2009 at 10:02 PM

    looking better! PTL!

  3. Mommy says

    05/12/2009 at 10:21 PM

    Thanks for the feed back, it helps me much. It seems to be going slow for me even though we are making progress. I am sure God has a plan and it is going at his pace.

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