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Home > Debt Update from 9/4/15

Debt Update from 9/4/15

September 15th, 2015 at 07:39 am

Due to the house closing, wedding, and the BIG rummage sale I am late on posting this update. This is our update as of 9/4/15.

The BIG rummage sale went great, estimate of sales as of right now is $8500.00 (that is for the whole sale, not just for me). We made over $1000 just on snacks! I will post details on the sale once we have all of the sale sheets compiled.

Now onto cleaning the new house, moving in, and cleaning out the MO's old house for the rent moving in on Oct 1.....so that means we only have 2 weeks to get all of the moving and cleaning done!!

Celebrations for this update:

-The store loan is finally under $14K!
-We have opened a separate savings account to use for paying back the Mom Loan and we have over $1K in it!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Loan from Mom $14,499.17
Store Loan $13,899.53
HELOC $29,815.81
MO Mortgage $88,712.74
My Mortgage $159,400.00
Our Mortgage $256,500.00
Total = $562,827.25

Starting total was $584,391.18.
$21,563.93 paid off since 6/19/15 (including downpayment on house)

We have $1025.00 in a savings account to pay off my Mom, so the amount we still owe her is $13,474.17.

4 Responses to “Debt Update from 9/4/15”

  1. Butterscotch Says:

    Congrats on all the progress! Is "MO" your husband?

  2. livingalmostlarge Says:

    What's the mom loan and store loan and heloc from? Good job on paying down the house.

  3. Lena Says:

    Stupid question-how is a rummage sell different than a yard sale? You always do so well with it!

  4. Banker Gurl Says:

    MO - MY ONE! Smile
    Mom Loan is a loan my mother gave us to payoff a bunch of high interest credit cards that MO had when we combined finances. She is only charging us 4% interest so that helps a lot with getting stuff paid down. We are hoping to have that loan paid off in 1 yr (Sept 2016).

    Rummage sales and yard sales are the same thing, I think it's just a dialect thing (like pop or soda). Smile

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