Hi everyone, glad you’re here. If you’re new, I update with my financial progress at the end of every month to. I track the amount of debt that I have and how much I paid over the course of the month. I’ve also started a to add progress on my health related goals for the year.
Last month, I finally realized that I needed to add credit cards back into the review. This disappoints me heavily, but unfortunately I havent been able to zero the balance out for 4 months (and just thinking about that makes me realize that it’s pretty crazy how they just stick around). I’ve been pretty good with my spending this month (though I did get the last of my plane tickets), so I should have a pretty good amount to toss the way of my card.
Chase British Air Card $2,244 – While carrying debt on this card is no good, at least I got the mileage bonus for it. I dont know how big of a payment that I’ll be able to make on this, but it should be pretty sizeable (hopefully more than 50% of the total balance). I’m still waiting on travel reimbursement checks from my work travel, so that’ll be added to the total as well.
I didnt make any extra progress here, but I just got an email saying they are lowering my payment on my smaller balance student loan to $50 per month from $80. Looks like I’ll have to send in extra payments.
Direct Loan $2,053 ($269) – The focus on this has been put on hold for now. It should resume sometime in the fall.
Great Lakes Loan $11,730 ($93) Just sent my regular minimum payment to this loan. I’m working on this one as well, but it will probably be the last debt I pay off.
This is for my vehicle. I had already started trying to become debt free when I bought this, so I was quite torn as to wether or not to take on new debt while I was trying to eliminate other debt. If you want to read more about it, check here, here and here. Tough decision, but it was in-line with my future goals, and I think I still made the right choice.
Ford Credit: $15,960, ($282): I’ve just been making regular payments to this, but I’m pretty excited to get below the 16k mark. I was going to try to pay off this by the end of 2011, but my priorities have shifted and I’ve had other obligations.
I’ve also decided to track my health goals for the year. I went to 5-6 days per week, and I really was doing good at the first of the month but once the rodeo started, I totally fell off the wagon (though I do a lot of physical labor at the rodeo, i’m not counting it).
Week of July 3 27: 6 Days
Week of July 10: 5 Days
Week of July 17: 2 Days
Week of July 24: 0 Days
Goal Visits: 20
Total Visits: 13
This month was pretty rough, both in terms of finances, health, and just a general balance in life. I booked all of my flights to the East Coast for the bachelor party and wedding, went to Las Vegas for a weekend, did a triathlon, and went to a wedding in Iowa. It was a crazy month, and I didnt get much exercise in or time to myself (In fact, the only weekend I was in town, I had a triathlon and a day of work to do). Hopefully I can change that in August as the weekdays wont be too crazy – though I’ll still have 3 out of state travel weekends. Making sure that I make time for the things I care about and enjoy will be key, but it should be good. One of my trips will be purely relaxation in untouched and unfrequented wilderness, so that should be refreshing.