If you recall last month (or maybe you don't...it's really not a big deal) we didn't meet our goal for the amount that we would like to pay each month toward our debt. Life happened. We dusted off our initial disappointment and moved on knowing that God is leading this and we are just following along. During the month of January K was able to pick up a lot of overtime. A LOT. I averaged out his hours and he ended up working 80 hours/week last month. That is TWO full time jobs. That guy is insane. I have never been more thankful for his job and the fact that he LOVES it. Especially since he is spending so much time there this year! haha! Let me tell you, if we had tried to do this three years ago we would have failed...miserably I might add. We wouldn't have known how to stay connected when he is basically at work for two thirds of the time and home for one third. God's timing is always perfect.
Anyway, because of the perfect storm of K working his tushie off coupled with a light bill month, meaning we have a few bills that come every other month or quarterly and this month was one of only two times this year that all of those bills weren't due, (Again, God's timing is perfect) we were able to pay off our American Express in FULL. IN FREAKING FULL. SO GOOD!!! We also have what we call a "debt jar." That is everything extra cash-wise that comes in goes into that jar. For example, my work money, a reimbursement check from K's work for a class, any extra money left over from our cash budgets all get tossed into the jar. We had two months worth of money in there because I forgot to deposit it last month (And maybe I was just holding onto it because I am lame) so yesterday I was able to take that money and make a payment for $211.77 to the principle on my car. Woohoo! Here's how the numbers look for us now after February:
- New Debt Total: $15, 496.20!
- Amount paid off since we started: $6, 910.90!!!!
- Amount paid off since last month: $5, 819.01!!!!
So that is where we stand this month. It was a really good month! Months like this will balance out the ones where we aren't able to pay off as much. Please remind me of that when I am whining about one of those times. :) Thank you in advance!!
Have a great weekend friends!