December 2012 Monthly Review

I just realized that in the end of the year fracas, I have forgotten to do my december monthly review.  In the november monthly review, I noted that we were doing well in the bathroom.  I wish I could say that the same was still true – we’ve had to take a few steps back since then.  To make a long story short, we screwed up the tile backer around the shower, and we had to tear out what we put in so that we could get everything done right.  Of course, this is frustrating, but thankfully it’s one of the few relatively major setbacks that we’ve had on the house as a whole.

Debt:

These are all of my debts.  Right now, that includes a vehicle loan, a mortgage and 1 student loan.  When I started, I had 3 credit cards, 3 student loans and no vehicle loans.  Everything that I’m still paying off now (with the exception of the student loan) has been incurred since I’ve tried to become debt free.  Funny how that works out, eh?

House

Mortgage $ 118,538 ($1069) –  This is lower than normal because we have already paid januarys portion.  Im writing this on the 9th, and just noticed the year-to-date amount of interest paid on the note.  It’s over 300 bucks, which works out to something crazy like $37 per day!  We are paying $37 a day for the “opportunity” of borrowing money to live in this house!  That is totally nuts, and really makes me remember why I hated debt so much back in the day!

Student Loans

Great Lakes Loan $ 9,351 ($739)  When I logged in to see the balance and record it here, I was unsure of what was going on.  I sent in my regular payment, but somehow the loan balance shrank by 7x what it normally does.  I’m still not 100% certain why this happened, but I think it has to do with being 3 years into repayment and not missing a payment – which the lender said they’d forgive a few months interest or something.  I dont remember all the details, but it’s a welcome bonus!

Truck Loan

Ford Credit: $4,381 ($306): This has now entered top notch status on the debt repayment plan at the SLB household for 2013.  We are looking to have this paid off by the end of Q2 in 2013, at the latest.  I’ll elaborate more in the goals, but hopefully this will go away, as well as the higher insurance needed to maintain a vehicle with a note on it.

Total Debt: 132,270 34, 384  (2,114) – This is the highest total in a long time, partially because of the late entry and making 2 house payments, and partially because of the lender forgiveness after 3 successful years without a late payment.  This has nothing to do with extra effort that we made in the month of december.   

Health Goals

This seems to have gone in the other direction from last month.  I was doing well, then I wasnt, and now I’m back on track.  I ran a 5k on thanksgiving day and had fun, but I didnt do much in terms of actually working out this month.  I think when I register for my next race (which i’m planning on doing in a week or so) I should have sufficient motivation to get off my hind end.

Goal Workouts: 20

Total Workouts: 12

Food Challenges: These have ended for the year, and went well.

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