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.
The craziness that was last month continued this month, and as expected, I didn’t get the chance to make a debt payment. I still havent paid the tax man yet either, though, and I’m just kind of sitting on my hands waiting for a few things. That being said, I’ve made pretty shitty progress since my post whining about how that month was relatively bad in terms of debt repayment progress. This needs to stop, and once things calm down a bit, I think I’ll have enough to knock out my smallest student loan. Here’s to next month where I stay in more, eat food that I’ve already prepared/bought, and save on gas!
I started out with student loans from 3 companies, but now I only have 2 – I paid one off last year. My current target is the federal loan, and I’m hoping to have that paid off by the end of the first quarter of 2011.
Direct Loan $2,826 ($517) –There’s still a possibility that I could reach my goal and pay this off by the end of march. I’ve got some extra checks coming from my old job(s) and I’ve got a check coming from my new job (which I wasnt expecting until May 1). I think I’ll have more money than I’ll know what to do with for a second, but then I’ll direct my largesse at this loan. This all should happen the first week of April.
Great Lakes Loan $12,082 ($102) Just sent my regular minimum payment to this loan. The amount applied to principle seems to change every month – which is totally lame. This is the last loan marked for payoff.
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: $17,112 ($293): Just made the regular monthly payment on this loan this month. This one I’m going to try to pay off by the end of the year. This truck took a beating during the commutes that I made to my jobs, but is still in solid shape. Even though Im not driving it that much and don’t feel like it will need any repairs anytime soon, I’d like to pay this off and watch my cash flow increase by 300+ per mont.
I’ve also decided to track my health goals for the year. My goal was to go to the gym a 4 days per week. Last month, I got to 4 days a week 1 week, then the other weeks I made it 3 days. I’d like to get more, obviously and I hope that will change this month.
Week of Feb 27: 3 Days
Week of March 6: 2 Days
Week of March 13: 6 Days (!!!)
Week of March 20: 3 Days
Goal Visits: 16
Total Visits: 15
This month was a little sparse at the beginning as I was wrapping up a few projects at my old job and I was working a bit more than I would have normally, so I didn’t get to the gym as much. Now that I work in town, I’ve replaced one hour from my commute with a trip to the gym. I’m trying to become a morning gym person, and it seems to work about half of the time. Hopefully that will pick up and I’ll get a routine established.
How did you fare this month in finances and your yearly goals? What sort of things are you going to do next month to keep working towards them? I’ve done well so far, but it’s going to be time to evaluate my progress soon.