- Starting Balance: $41,181.09 (Dec 1 ,2012)
- End Balance: $40,948.55 (Dec 31,2012)
- Paid Towards Loans: $410.97
- Interest Paid: $168.51
- Principle Paid: $242.46
So a couple things didn’t go as planned this month… solely due to my bad calculations. Miscalc #1: I planned to pay an extra $500 this month from my holiday bonus – but I forgot to plan that I didn’t get it until the end of the month and after paying for holiday gifts, I wouldn’t get that payment out until January. Miscalc #2: All the extra $$ I had for the $300-$400 extra loan payment I was gonna make on loan 1-08 that I’m trying to play off by end of January had to be held off because I had to pay my credit card – which housed all the holiday gifts. I ALWAYS pay off my credit card in full every month, so everything that had to be addressed first. So, although I only paid the minimums this month, it’s leading up to a big month for January.
Short Term Goals Oh, did you see, my loan balance is under 41K !!! I think I’ll really be excited when it breaks 40K. Hopefully that’ll be at the end of this month. My first short-term goal is to payoff loan 1-08 by the end of this month. That loan is the smallest of the high interest loans. The faster I pay that off, the less I pay in interest. There is $1244 left on that loan… it’ll be a stretch to pay it off this month, but I’m sure as heck gonna try!!!
What I Learned Don’t underestimate taxes. When I factored in my holiday bonus, I forgot that our oh go gracious government takes 25% of it… before the state and social security touch it. So instead of the 1K I was expecting, it was a mere $600… almost HALF of what the real bonus was. Bummer. Luckily, we stuck to our holiday budget, and that made such a difference, because I still have a nice chunk to go towards loans this coming month.
Rewarding Myself I’ve been playing on www.Saveup.com and this month I won a $10 off coupon to Shoebuy.com. Woop-de-doo, right? Well, that’s what I thought until I put two and two together. I’ve been searching for new running shoes, and hey, I could use that coupon! Score! I have to research which ones I want and decide how much $$ I want to part with for them.. but I REALLY need new shoes. The tread on mine are gone and I slip around at Zumba, so I’ll have to suck it up and spend a little for um.
- $500 extra to Loan 1-08 (mailed today!)
- $40/wk. to VSAC Loans
- $750 extra to Loan 1-08 (I need to meet this # to pay off the loan. No idea how I’m gonna make that happen… I ran the numbers and it’s almost impossible. Maybe I can start selling some stuff on CL or EBay?)
Have you used CL or Ebay to make some extra cash? Is it worth trying? I have doubles of lots of stuff and unused things that I could sell and not miss them.