June 2013 Monthly Review

June was a big month for us, as we did a whole lot of work on the house.  We had a home energy audit, which pulled forward a lot of spending.  After the audit, we decided to pull the trigger on insulation for the attic and the walls.  The utility will be covering about 60% of the costs of our insulation, but we still have to pay about $1,400 for it.  The insulation, as well as the new windows that we got, made june a hugely expensive month for us, but we still were able to pay down quite a bit of debt.

We are trying to work both ways on our home value, by making improvements to increase the value as well as pay down the loan quickly as possible. I am not sure how long we are planning to continue improvements, but we have started another project (building a room in the basement) that of course immediately went sideways.

Debt:

These are all of our 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.  I’m married now, and 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 $114,754  ($1,084) – Same monthly payment here.  We are quickly drawing down the balance off with our regular payments here, but obviously are looking to get rid of this ASAP.  I called about doing a refi into a 10 year rate with a 3.00% rate, but was traveling too much to act on it before the rates jumped last week.  That was probably our last chance, so we are fine with it where we are.  Doing the refi as quoted also could have put us in a vulnerable position if something went sideways, so it wasnt a sure thing we were going to do it anyway.

Student Loans

Great Lakes Loan $ 8,152 ($561) This is what we’ve been focusing on lately, after we paid off the truck loan, and now we are starting to see some big movement here. We changed the payments to $600/month, and that will get rid of this quickly.

Total Debt: $122,906  ($1654)   

 We are down about 1500 bucks this month, which should be where we are going to stay for a while.  We are slowly paying down debt, but arent saving quite as much as either of us would like. I think we will work on that once the student loan is paid.

Health Goals

The death race was in june, and it was nice to finally be in vermont and ready to apply all my training.  I ended up dropping out after about 30 hours, and I had a great time. I have not made a decision on next year, but I’m still considering it.

Goal Workouts: 30

Total Workouts: 30

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