Financial update--August

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Last month:
Total credit card debt: $6,677.41
Total student loan debt: $33,022.93
Total savings: $500.00
Checking account balance: $403.36

Today:
Total credit card debt: $6,078.91
Total student loan debt: $33,022.93
Total savings: $600.00
Checking account balance: $203.74

So everything is moving in the right direction. I now need to contribute several hundred dollars a month more than I was previously to our joint budget, so my debt repayment is going to be slowed a bit, but I'm also going to start seeing bigger paychecks starting October 1, so I think it will all work itself out OK.

2 Comments

Wow, that's some honesty! I feel you on the student loan debt -- in the past 10 years I've put myself through a BA and MFA. Yikes!

The student loan debt is actually the least bothersome part of it for me. It is deferred right now (until the end of the month, anyway), but when it's not, I pay it off a wee bit at a time and it's fine. It's the CC debt that I really really hate. And the lack of savings.

I am hoping to get the rest of the CC debt taken care of before the end of 2007, though, and then things will start looking different.

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