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Monthly Progress Report (#6)



I can't believe it - it's almost June! Which means it's time for another monthly progress report! That's right, it's been a full half year since my very first progress report. Time sure does fly.


Now let's see where we are now!

May has had it's ups and downs. I've probably spent more than I should but I think I've made some progress on my debt payoff too. My renovations have been pushed back because of all of the rain we've had, so I won't lie, a little bit of extra time (and interest) has helped on that front.

It's been great to benefit from holding on to the money a little longer but, on the other hand, I'm pretty much bursting at the seams to start the renovations. So if it could STOP RAINING that would be great. I mean really, really great! But since I can't control the weather, we'll see what happens..

Like usual, I'm not sure where these numbers will end up until I write this post, but I'm cautiously optimistic about May.

Let's start with taking a look at my debt:

Mortgage: $148,800 
Car Loan: $8,300
Student Loans: $4,500
Credit Cards: $2,900
Grand Total of Debt: $164,500


My student loan balances

It's not great but it is an improvement over last month. I'll take it. And I'm seriously psyched those credit card balances are back in the $2,000 range. It still rounds up, but hey, it starts with a two! I'm a glass half full type of person!

Those renovations may have been pushed back a little bit which has given me more time to figure out my shortfall situation, but unfortunately, I still do have a shortfall.

Renovation fund requirement: $1,400
New Grand Total of Debt: $165,900

My debt balances improved by $1,200! And that renovation fund requirement is starting to look more and more doable. Maybe I can get down under the $1,000 mark by the time the Northeast US monsoon season is over? Just maybe.

Unfortunately, that's all the good news I have. Another month has passed without any changes in my savings balances at all.

Here's a quick look at the savings side of things:

Savings account: $2,000
P2P Lending account: $300
Investment account: $150
Grand Total of Savings: $2,450

So overall, my financial health has improved $1,200 during the month of May. With any luck June will be another good month! I'm proud of the fact that my renovation fund requirement has kept getting noticeably smaller and smaller. It's so nice to see real progress.

I'm hoping by the time I write my June progress report we have some serious renovating going on! Here's hoping for a very, very dry June!

Has it been crazy rainy where you are? Has it gotten in the way of any plans or are you cool with the wet weather?

QuickEdit
Broke Dolly
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