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Reckoning

August 14th, 2012 at 01:46 am

I've been a little bit down on what I see as our lack of progress this year on getting the debt gone. I did a reckoning at the beginning of the year of what we'd paid off last year, so I thought I'd sit down and add up the numbers and see what we've really paid off this year so far. This doesn't include the car loan because I don't have the beginning numbers for the year and can't go look it up because it's no longer owned by the same bank it was at the beginning of the year.

Anyway:

$20228.79 Credit Card Balance at start of year
-14135.56 Balance Now
------------
$_6093.23 Amount Paid Off for Good

$18544.28 Mortgage Owed at start of year
-16432.02 Balance Now
--------------
$__2112.26 Amount Paid Off for Good

$87,000 0% Loan from Mom at start of year
-81,000 Balance Now
---------------
$__6000 Amount Paid off for Good

So I have actually paid off $14,205.49 so far this year not including the car loan (which I think is around $3000 to $3500 paid off this year). I guess we are making better progress than I thought. Still doesn't stop me from wanting it gone yesterday, but makes me feel a little less like we've accomplished nothing this year. And there are still 4.5 months to go.

4 Responses to “Reckoning”

  1. Shiela Says:

    I've been feeling the same with our mortgage lately, it seems like we been stuck at $120K mark. I just want to be under that so bad right now but with DH's job being shaky at the moment we have to keep the cash until we know for sure.

  2. creditcardfree Says:

    You are doing really great considering the medical bills that have come your way recently. All paid in cash! Great job!!

  3. LuckyRobin Says:

    That is true. I forget that even though I have had extra medical bills to pay this year, we didn't have to put it on the cards, we were able to pay for it in cash. That's something.

  4. Looking Forward Says:

    You are doing AWESOME! Big Grin

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