Proverbs 22:7

The rich rule over the poor, and the borrower is slave to the lender.

Saturday, August 28, 2010

Only 4 Digits....EXCITING!

$9,984.46. That's the amount that is left to pay on Jonny's car. The consolidation loan at $320 a month has been paid in FULL!

If we continued to pay only the minimum payment on the car, it would be December 2013 before it got paid off. This is completely unacceptable, and we are going to snowball this amount by as much as we can. Christmas doesn't look like it's going to our modified new goal is February 22,2011 - our 2 year FPU-aversary.

I'm not going to lie - that is going to be HARD to do...because of the house situation, our sinking funds account got raided, and some of those bills are going to be due before too much longer. I actually need to reconfigure our sinking funds accounts, but I just haven't been able to do that just yet.

I'm still not quite certain on our new monthly budget with the new house, and utility expenses, but here's a best guess so far:

Church                             330
AXiD                               10
Mortgage/Tax/Ins                   613.76
ADT Security                       28.99
AT&T Land Phone                    35
Water                              50
Trash Collection                   16.95
Cooks Pest Control                 37
Alabama Power                      175
Cable TV/Internet                  85
Sprint Cell Phone                  143
Food & Household                   400
Gas & Oil                          350
A Blow                             200
J Blow                             200
Car                                276.11

Disclaimer: The totals do not list our entire monthly income, and this budget is not $0 based....I still have extra to spend, but if I don't find somewhere else that I need it, it will be snowballed to the car. I've also left out paycheck allotments to our savings account and sinking fund accounts which fund our life insurance, car insurance and tags, and home repair expenses.

We're more than 3/4 done!!!! Only 4 digits left in our non student loan/mortgage debt. Jonny's working hard to find a full time, or a better part time job/internship with a CPA firm this fall. Please keep him in your prayers. His military benefits income will go away once he graduates, and so we'll need to be able to replace that income with a job in order to start paying on the student loans at that time.... I'm slightly stressed about repaying the student loans, but not as bad as I would be if I still had all this other consumer for that, I'm grateful.

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