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Debt Update - 9/2/16

September 7th, 2016 at 04:52 pm

Although our total debt only went down $668.76 in the last two weeks, we had some great celebration marks! This is the 5th update in a row that we have went under the next $1000 mark for total debt! And our two smallest debts both went under the next $1000 mark, love seeing those numbers go down! I am pretty sure our streak of getting under the next $1000 mark will end at 5...we would have to go down $929.14 for the next update and I think it will be about $700, oh well it was a great run and maybe we will get a windfall and knock something down more!

We are in full rummage sale mode. My Mom came up and helped me sweep and spray out the garage, first time since we moved in last year that the garage has actually been cleaned out. We started getting tables organized and set up planned. We are planning on having it the weekend of Sept. 23rd. If you have read my blog at all you know our rummage sales are major events (last year we made over $8.8K at one, and most of our items are $1-$3....we move some SERIOUS inventory!). I am nervous as the town I live in now only has about 3000 people.....where I lived before I am sure more people came to the rummage sale then live in my whole town now! Hopefully all the planning, cleaning and marking is worth it.

I overdrew my checking account over the holiday weekend....I had deposited 3 rent checks totaling $2450.00 on my banks mobile app on 9/2, only one withdrawal was set up to go out for $350.00 and then when I checked my balance today I was overdrawn by $112 I checked the history and the deposits weren't there, I quickly realized the deposits had gone into my savings account rather then checking...apparently I fat fingered it. I called the bank and a 2 min convo fixed my $32 OD fee. I love my bank!

Celebrations for this update:
-Total debt went down $668.76 in the last 2 weeks!
-Mom Loan went under the next $1000 mark!
-Store Loan went under the next $1000 mark!
-Total debt went under the next $1000 mark!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $10,998.42
Mom Loan #2 $25,781.13
MO Mortgage $86,640.44
My Mortgage $155,680.00
Our Mortgage $252,829.46
Total = $531,929.14

Down $668.76 in the last 2 weeks!!

Starting total was $587,351.27
$55,422.13 paid off since 6/19/15 (including downpayment on house).

We have $500 in a savings account to pay off the Mom Loan, so the amount we still owe that is $25,281.13.

1 Responses to “Debt Update - 9/2/16”

  1. CB in the City Says:

    Is there a larger town nearby? I hope you can draw customers from a larger circle. But probably once you do it, you'll be famous, and draw from far and wide next year!

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