Another month has gone by!
I feel it was successful, if not short. I can’t believe how fast the time is going by!
This month marks some changes to my plan. I’m going to have some upcoming expenses that will require me allocating funds to savings that weren’t there before, so I’ll be focused on that for a few months as opposed to knocking down debt with the gusto I have been accustomed to!
On that note, here’s what happened in February (plus a little of January- oops! ?):
Total debt paid: $7500
Total savings added:$5000
Total savings in banks as of 3-4: $13,000
Total debt as of 3-4: $95,500
Normally, I keep our savings at $5000 for emergencies and would take another $7k and put it right towards the loan, but for now, I’ll be making much smaller payments on these.
My goal is to drastically increase the savings over the next 3-4 months and then I’ll get back to the debt once I’ve paid off some upcoming major expenses.
What are your goals this month?