Monthly Progress Report #14

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Spring is in the air!

Well, not today exactly. It’s a brisk 30 degrees out there right now - but it has been in the air with a few days reaching the 50s this past week.

It was just glorious I tell ya. Everyone at work has been on a kick to get in shape for summer and I have spent my days browsing for this year’s swimsuit.

I’m waiting impatiently for the weather to officially break. I just love summer (and spring by association). I’m so sick of winter, blah weather and dead looking everything. It’s time for flowers, sunshine and longer days.

At least the longer days are coming soon even if I have to wait another couple of months for true spring weather.

But I’m pretty sure I spend more money cooped up inside during the winter.

I’ll have to look back at some monthly progress reports to test my hypothesis. Speaking of past monthly progress reports, maybe you’d like to check out last month’s?

Spoiler alert: I won nothing in the office Super Bowl pool.

But that’s just par for the course!

Moving on to better things, let’s talk about how my debt pay down and savings have fared over the past month.

First, let’s take a look at my debt:

Mortgage: $147,000

Car Loan: $6,200

Student Loans: $8,350

Credit Cards: $1,800

Nice! That’s $1,100 less than last month.

The biggest difference was a change in my credit card balances. I’ve been working hard on trying to pay one card off and it’s finally starting to show!

I love, love, love when that credit card number is below $2,000.

And now factoring in my renovation fund:

Renovation fund requirement: $10,900

New Grand Total of Debt: $174,250

Alright so not too bad, my total debt went down $1,600 during the month of February.

Now let’s take a looksie at my savings:

Savings account: $2,300

P2P Lending account: $200

Investment account: $350

Grand Total of Savings: $2,850

So obviously a $50 increase is nothing to write home about but at least it’s something.

I’ve said it before and I’ll say it again, I’ll take any positive progress no matter how small it may be. It’s certainly better than the alternative.

With the recent dip in the stock market it seems like my whole office is talking about investing. I would love to add some funds but I don’t have much to spare and who knows if we’re really at the low. If I do buy anything it won’t be much (obviously! I don’t have much..) but maybe I’ll test my luck.

As my boss said, anyone been brave enough to buy this last week?

If you did buy anything I’m curious to know what you did buy and what you’re rationale was for both pick and timing. So please share with me in the comments!

But maybe for now I’ll just stick to trying to keep adding small amounts to my savings and building my emergency fund. Especially with all the recession talk going around.