August Debt Freedom Wrap-Up - 17 Weeks Left!
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|Fri, 08-31-2012 - 11:19am|
I am so stoked to report that the debt avalanche for this month was...$3,900.00!!! This was not including our montly budgeted debt payment of $500. The avalanche funds came from an extra paycheque and surplus of combined income after regular expenses paid.
And to think we managed this in less than a full month because I officially began the challenge on August 13th! For those not in the loop, the DF and I decided to pay off my remaining debt by December 31 2012.
Debt balance Aug 1 = $16,622.21
Debt balance Aug 31 = $12,267.21
I am already projecting that September may not be such an exciting avalanche month as we have some wedding related expenses to pay for.
However the universe has been rewarding us since we made this huge commitment to debt freedom as my DF has been getting work contracts to the point that he has to say no to some because of overlapping dates. I also got a unexpected refund of $760 that will sent to me by cheque shortly. My final paycheque from work that I'll get mid-September will have more money on it than I anticipated because I forgot I still had 7 vacation days left. I also found an error on the monthly billing amount of my new consulting contract which resulted in my getting more money per month - $15 more/month so not much buy hey I'll take it!
In short, August was a HUGE success!