January 2016 Debt repayment recap

IT’S THE FIRST DEBT REPAYMENT RECAP OF 2016!!!!
Y’all I am SO EXCITED ABOUT THIS!!!
My goal, by the end of the year, is to be halfway out of debt from where I started last May.
That means I only have TWELVE posts in which to bring my debt down by nearly 40% of where it was at on the last day of 2015.

Can I just say how much I LOVE the way you guys rally around my posts focused on being financially free? When I read someone’s blog and they say they were inspired or challenged by my transparency in my financial posts, I literally want to throw confetti in the air and eat a whole cake (literally a whole cake!) and hug the world. We can do this.

But let’s get on to the fun stuff, shall we??

December 30, 2015

Car: $18,190
Dental Credit: $0
Credit Card #1: $1,566
Credit Card #2: $23

Combined debt of $19,779 

January 29, 2016

Car: $17,638 (-3.03%)
Dental Credit: $0 (after this month, I’m taking it off!)
Credit Card #1: $1,778 (+13.53%)
Credit Card #2: $0 (-100%)

Combined debt of $19,416 (-1.83%)

Here’s what happened this month.

I got a FaceTime call from Lucy and Layla. You know them. They’re these two:IMG_6380They called just to say hello. As we were talking, Lucy said “you’re coming to our house for Valentine’s Day!” To which I laughed and said “No, I am not.” she mentioned it a few times.

Then her mom texted me and said “Lucy said you’re coming for Valentine’s Day??”

and I said “I HAVE NO IDEA WHERE SHE GOT THAT FROM!”

Three days later, I bought a plane ticket to Nashville for Valentine’s Day because LOOK AT THIS FACE:

lucy // stephanieorefice.net

HOW do you say no to that face? Like seriously.

I thought “this is a 3 paycheck month, so I’m fine!”

Wrong. So wrong. Yes, It’s a 3 paycheck month, but there weren’t 3 paychecks in-between my car payments. So the wiggle room I thought I had… was gone.

I’ve figured out where I need to be at the end of each month in order to be halfway out of debt by the end of the year. How lame that I missed my first month’s goal, but so long as impulsive Nashville tickets are kept to a minimum, I’ll be okay. I was only $300 short of my goal this month, which is that extra paycheck I thought I had.

I’m also going to start being diligent about any extra money I earn (through Swagbucks, blogging campaigns, babysitting, etc) goes directly towards paying off my credit card.

To help us all stay accountable and honest about our finances this year, the Final Friday Finance linkup is back. Katie has been so busy with her move to Seattle (I MISS OUR MONDAY BLOGGING DATES!) but Emilie is joining the team. Emilie’s been posting about her finances and debt repayment so it is a no brainer.
finalfridayfinance

We encourage you to link up any posts you have written about finance – even if you’re just stumbling upon my debt repayment recaps for the first time and decide next week to start posting about your finances! Come back here and link up so we can encourage you and celebrate your successes!

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