May 2018 Debt Repayment Recap

This is SO LATE! I literally got alllllll of these details and numbers all ready and APPARENTLY I forgot to actually post this. I’m eye rolling SO HARD right now.

This month we did a pretty good job of paying off debt. Nothing super great, but I see that we’re nearly at 23% of our debt paid off this year and our goal is to have paid off 33% this year so we are doing really well. I wish I could say we were working extra hard and scaling back, but we’re really just coasting right now.

I think once we’re on to Justen’s car, it’s game. on. because #1. that number doesn’t fluctuate, and #2. freeing up his car payment will give us so. much. more. money in our monthly budget (the payment isn’t insane, but it’s our 3rd largest set payment behind rent and my car).

But first the Southwest card has just become a beast, because it just keeps going up and down. I 100% understand why Dave Ramsey says to CUT UP your credit cards because it’s so hard to get on top of right now. It’s connected to my essential oils account and my Southwest travel account and a bunch of small recurring payments (like hosting, Netflix, etc) and I’ve never gone in to change those. We’ve had a few unexpected expenses come up that we’ve put on the card and then I use my Poshmark money to pay it down each month, but it’s hard when those unexpected expenses are huge. So anyway. Even though that’s sometimes really frustrating, I’m just remembering that we’re so on track for hitting our goal and I don’t need to be disappointed that I’m not on track to be an overachiever, lol 😉

May 2018 Debt Repayment Recap

Southwest CC: 394.57 278.25 {-29.48}
Stephanie’s Phone:  706.43 0.00 {-100%}
Justen’s Car:  5248.73 5060.18 {-3.59%}
Stephanie’s Car:  13,136.83 12,899.31 {-1.80%}

Total:  19,186.56 $18,237.74 {-4.94%}

2018 Total Payoff: $23,661.40 $18,237.74 {-22.92%}