Not Impressed with our Debt – Week 8 – We Did it!

Last update I reported that we had $733 left to go to meet this month’s goal of paying off $1500 in debt for August. I really didn’t have much hope in hitting that goal because I knew we still had bills to pay the last week in August and I only get paid bi-weekly so this would have been impossible with only one paycheck for the week.

But I consider myself resourceful so I got to work last week and started getting more items listed in my Etsy shop and pushed these listings on my Instagram page and by then end of the week I had made up that $733.00. Yes 14 listings sold!

So I did it! $1500 in debt paid this month and I increased our savings to $500. Both goals met.

At the end of Week 8 we are at $32,343.54 for debt amount and $500.00 in savings. That’s a decrease of $733 in debt and $60 increase in savings.

Here’s the breakdown for the month of August:

  • Week 4 – $33,843.33
  • Week 5 – $33,376.54
  • Week 6 and 7 – $33,076.54
  • Week 8 – $32,343.54

Since re-starting our debt paydown in July we have paid off a whopping $2756 in debt. We still have an enormous amount of debt to pay off and we will probably always have some kind of debt but the two credit cards we have need to go for good. That’s the ultimate goal.

Goal for September is $1200 in debt paid off and another $100 in savings. I am shooting a little lower this time because we have school taxes to pay this month.

Next update September 6th! – 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.

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