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Today, as I’m working from home and enjoying the nice warm spring day, I’m thankful for the beautiful sunshine and the optimistic signs that the COVID-19 onslaught has finally started to turn the corner. Deaths are down, hospitalizations are down, new infections are slowing and the governor of NY is starting to talk about reopening the state.
No, we’re not out of the woods yet. But maybe we’re starting to see a little glimmer of light at the end of the tunnel. Even if it is just a tiny pinprick of light, I’ll take it over the uncertainty and fear that played center stage in my last monthly progress report.
Even the stock market has started to recover with some positive news from Gilead using Remdesivir to treat severely ill patients in clinical trials. Now that is some good news!
And with that, let’s take a look at my debt this month:
Mortgage: $146,500
Car Loan: $5,800
Student Loans: $7,850
Credit Cards: $1,900
Grand Total of Debt: $162,050
 |
| My student loan balances |
Including my renovation fund:
Renovation fund requirement: $9,650
New Grand Total of Debt: $171,700
That’s a $1,550 reduction over the last month! Thanks in part to the stimulus check. Totally weird to receive by the way. Having remained employed I certainly appreciate it and won’t look a gift horse in the mouth but I do hope people that have lost their jobs are receiving the help they need.
But I do want to celebrate two bits of good news with my debt pay down: 1) one of my student loans has gone below the $1,000 mark and 2) my renovation shortfall is below the $10,000 mark. Two huge successes for me! I hope more positive progress like this continues to be made throughout the year.
Now, moving on to savings:
Savings account: $2,500
That’s a $1,550 reduction over the last month! Thanks in part to the stimulus check. Totally weird to receive by the way. Having remained employed I certainly appreciate it and won’t look a gift horse in the mouth but I do hope people that have lost their jobs are receiving the help they need.
But I do want to celebrate two bits of good news with my debt pay down: 1) one of my student loans has gone below the $1,000 mark and 2) my renovation shortfall is below the $10,000 mark. Two huge successes for me! I hope more positive progress like this continues to be made throughout the year.
Now, moving on to savings:
Savings account: $2,500
P2P Lending account: $200
Investment account: $400
Grand Total of Savings: $3,100
I added some more money to my savings and my little investment account this month. With the gains from the last few days I’ve even recovered some of my initial losses. I’m still no where’s near the black but my losses are now about half of what they were at the worst of it. I’ll take it.
It’s been quite a wild ride for me - and I’m talking about a couple of hundred bucks - I can’t even imagine what people with real money in the market must have been going through.
I hope everyone remains healthy and safe. I’m hoping by the time I write my next progress report things are starting to look a little bit more like normal (whatever that new normal may be). Hopefully the good news keeps coming and the bad news stays at bay.
I liked the way I signed off last month and I think I’m going to keep doing so until things are looking up. So, again -
Remember, we will get through this ❤️
