Week 5 of 80 – Not Impressed with Our Debt – End of August, the Results

yeah printed white board
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Well it’s been an interesting month. Not only have we paid down our debt but we also managed to pay for new tires and brakes for my husband’s car AND finance a trip to Boise, Idaho to pick up a car for my son.

I started out this journey by stating we had $35,924 in debt we wanted to get rid of in 80 weeks and that my first debt I would tackle in that total was the “Old Navy” balance which I switched to a new zero interest credit card to save on interest.

That balance started off at $6500. It’s current balance is $4700!

I managed to pay $1800 on that balance! Holy Cow! Amazing. Seriously. Being able to pay $1800 towards that credit card is just unbelievable. Hard work really paid off this month.

However, $1800 is not the only amount on our debt I paid down this month. Remember all of our other payments are still ongoing while I pay on that credit card.

The rest of the debt I managed to get paid off added up to $737.00.

Grand total of debt paid down for the Month of August is $2537!

Total debt owed is now down to $33,387!

Sorry for all of the exclamations but I am just so excited!

Some how we managed to pay for most of our extras in cash this month. Like the tires and breaks for example. because we paid in cash the guy gave us a 20% discount. We saved for this trip to Boise and so far have only put a few hundred dollars on the other credit card which we will pay off when we get the bill.

Every time I thought something was going to de-rail my plan, something else came along and helped us achieve our goal. I have learned to stop worrying about it.

In the Month of September I am not anticipating paying a ton down on that Old Navy balance because we have school taxes to pay but seeing what happened this month you just never know and I am excited about that.

Week 6 the topic will be: “Read your Mail”

Catch you next week! -MM

 

Published by marymargaretripley

I am a professional Bakery Manager at a privately owned grocery store. I also owned my own bakery for over four years. I have been baking for 15+ years professionally. I also teach canning and preserving classes and have been gardening since I was 5 years old. I live in Western, NY with my husband, teenage son, Bernie the Cat and Muffins the Hamster.

7 thoughts on “Week 5 of 80 – Not Impressed with Our Debt – End of August, the Results

  1. Celebrate this month’s victory with a lovely bit of time spent relaxing in your beautiful yard! This is going to snowball for the good! God is good, He supplies what we need, doesn’t He?

    Like

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