Home > Making Slow Progress

Making Slow Progress

August 16th, 2023 at 09:24 pm

Hi there… I know it’s been a while, but like happens to everybody, life got busy. My daughter was a senior and graduated last year plus it was her last year of dance, so we had a lot to do. I am also a teacher and the summers are always busy… but in the best possible way!

I am back to work now, so in some ways our life is going to slow down.

The last time I posted our debt we had $19,167.74 in debt. It has decreased, but not by as much as I would have liked. Our debt today stands at $14,867.79, so a total decrease of $4,299.95. And interestingly, $1000 of that came in the last month. I can’t wait to get our debt down below $10,000. I’m hoping maybe by the end of the year as we have some good months coming up as far as debt payoff goes.

In September, I will get a small paycheck for some work that was performed in July and August. I will split it in half, half will go towards debt and half will go into our savings. September is also a three paycheck month for The Husband so we are able to send more to debt with that. A little over half of his extra paycheck will go to some various expenses we have to cover and savings and a little under half will go towards debt.

In my last debt update (months ago) I was excited because our minimum payment was finally under $500. On our next statement (in literally a month) our minimum payment should be under $400 as this month’s minimum is $400. We just keep plugging away knowing that slow and steady wins the race. I have to keep reminding myself that we didn’t get into debt overnight so won’t get out of debt overnight.

I am happy we are making progress, but I wish our progress was faster! Hahaha!

I’m really hopeful about getting our debt under $10,000 by 2024! I think it’s doable if we are diligent with our spending over the next few months!

2 Responses to “Making Slow Progress”

  1. Wink Says:

    As long as the debt keeps going down you are succeeding. Congrats on your progress, you are doing great!

  2. Amber Says:

    Congratulations to your daughter.

    Also I think it’s great you reduced your debt vs increasing, something is better than nothing.

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