The need to tighten up our budget has become very clear in recent weeks - I broke my foot and will be off for two months before returning to work!
I am reasonably assured that hubby and I are not too extravagent in the "variable expenses" department, but we definitely do have to curb our phone usage and eating out. I am going to track my "progress" in these areas for a little extra visual motivation.
Phone usage: 2 hours
Eating out: none
Overall Financial Footprint:
STUDENT LOAN DEBT: $8000/paying off at a rate of $500 monthly (%8.5)
CREDIT CARD DEBT: $2000/paying more than the minimum, roughly $200 monthly (%18.5)
Hubby is another story:
2 lines of credit owing a total of $18,000 at %13 interest.
Outstanding amount on vehicle of $10,000.
A total of 38K between us!!!
I really want to have my cc and student loan debt paid by August 2007.
The car debt will remain for another two years, but I hope to have hubby's combined debt also down to 10K by August 2007. I think we can do it.
A little project for my blog.
October 27th, 2006 at 10:21 am
October 27th, 2006 at 02:29 pm 1161955797
Be good to yourself and keep that foot up! And watch out for those other people's feet!
October 30th, 2006 at 03:01 am 1162177270