April 2011 Monthly Review

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.

Well, let the excuse making continue.  I figured that once I switched jobs, I’d be pretty easy for me to start throwing heaps at my debt.  Unfortunately that has not come true yet, (though I have spent considerably less this month than in months past) it needs to come along soon.  I blew one of my goals completely out of the water (as in missed) and it looks like my long term goal of paying off the truck isn’t really going to be happening either.  With my optimistic calculations, I was supposed to have the direct loan paid off by now, and this month would mark the first large payment to the truck.  Unfortunately, I’ve had HUGE (for me, anyway) tax bills that have derailed my debt payments 2 months running.  Hopefully that wont happen next year though, because I now work in a state with no income tax, and I changed my federal withholding when I started my new job, so I’ll probably be looking at a refund next year (hopefully  a small one).  I do have a bit of money sitting in my savings for a debt payment, but I’m going to wait until may to make it.  Hopefully it will take a big dent out of the remainder of this loan.

Student Loans

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 $2,461 ($365) – This loan is like steve urkel, it just will not go away.  I’ve had it with it’s games though, and ill on a mission in may to eat everything in the pantry (and the freezer) in an attempt to save some dough at the grocery store.  This is reminding me a lot of the credit card ups and downs I had.  I was able to pay them off, but about 4 months later than I estimated.  Not a big deal though, they are gone either way!  This has another payment coming soon.

Great Lakes Loan $11,999 ($83)  Just sent my regular minimum payment to this loan. This loan is finally under $12,000!  Even though that’s still a lot of money, I’m pretty excited about passing this small milestone – it felt like it was stuck in the 12’s for-ev-er.

Truck Loan

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: $16,827 ($285): 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 (though it doesnt look likely).  The truck hardly ever gets used now, so it mostly just sits in the drive and takes me to the gym every morning – though I’m thinking of biking to the gym (It’s only 4 miles) when it warms up.  That should help keep the miles off.

Health Goals

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. Now that I’ve worked in town for a full month, I’m absolutely killing this.  I go 5-6 days per week before work in the morning and it’s awesome!

Week of March  27: 4 Days
Week of April 3: 3 Days
Week of April 10: 6 Days
Week of April 17: 5 Days
Week of April 24:  6 Days

Goal Visits: 16
Total Visits: 24

I think that I may need to up my goal visits on this one.  It’s nice to report that I’m blowing something out of the water, but I’ll probably up this for next month.  I got roped into doing a triathlon this summer (my first) and also will be doing quite a bit of hiking as well.  I’ll need to keep in shape, at the very least.  Also – I’ve been putting on a bit of weight as well, so I’m happy about that.  (I got very close to punching a new hole in my belt!)

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.

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