This post was supposed to be up yesterday but I totally spaced. I guess I think April now has 31 days. Luckily, that's not the case. Nope, it's officially May! We've made it through April and (hopefully) all those April showers.
Besides getting closer and closer to summer, we're another month down and you know what that means - it's time to check up on my progress throughout last month!
Before we get into the nitty-gritty, take a peak at last month's progress report.
Ok, now that you're all caught up, let's get down to the details!
April hasn't exactly been great for my spending. There have been a few unexpected expenses that arose and needed to be taken care of so I expect my credit card balances to be pretty bad this month. I HATE carrying a balance on my credit card. I try to pay them off month to month. Seriously. Every month.
But sometimes life happens and it doesn't exactly go as planned.
Besides my credit cards, I'm not really sure where everything is in the grand scheme of things but I know I haven't saved much, I've spent more than I wanted to and I paid down very little debt. So April isn't looking great.
Let's start with taking a look at my debt:
Mortgage: $149,000 (this feels like some sort of small milestone!)
Car Loan: $8,500
Student Loans: $4,550
Credit Cards: $3,150 (ugh, I knew this number would be high!)
Grand Total of Debt: $165,200
 |
| My student loan balances |
Totally disappointing that debt number is bigger than last month.
The real exciting news is that renovations are expected to begin on my house this month! The not so exciting news is the budget deficit I’m running.. but, hey, if the US government can do it! Just kidding. I’m totally freaking out. But I have a game plan to make up the difference. Which is take on more debt. Yeah, I didn’t say it was a good one.
Renovation fund requirement: $1,900
New Grand Total of Debt: $167,100
Unfortunately my debt total went up $50. But, big picture here, $50 isn’t so bad. I was expecting worse. And hey, we’re all bound to have a bad month here and there! This is definitely a bad month with some backwards progress but at least it’s minimal backwards progress.
Since my savings balances haven’t changed at all, here’s a quick reminder of what they look like:
Savings account: $2,000
P2P Lending account: $300
Investment account: $150
Grand Total of Savings: $2,450
Alright, it’s been a rough month and I’m not happy about it. But it’s a new month. There’s no time to dwell on my bleak April. Nope. Moving on.
Here’s hoping that May is a killer month and my debt balances go down! With any luck maybe my savings will get a little boost too!
Alright, enough talk about money - I’m super excited about the renovations! The weather has been a bit rainy so I’m anticipating a little bit of a delay. But hopefully the renovations will be in full swing for my next progress report!
Yeah, May is going to be a good month! Do you have anything exciting going on this month?
No comments:
Post a Comment