by Beks
We had a pretty good month for our savings account.
My Debt
Original Debt: $38,495.86
Added Debt: $1,781.50
Total Debt: $40,277.36
Paid: $31,842.70
Remaining: $8,434.66
Cash Savings: $1,700.00
Broken Down
Auto Loan 1: $0.00
Credit Card: $0.00
Student Loan: $8,434.66
Auto Loan 2: $0.00
Vet Loan: $0.00
*Just to clarify, the Cash Savings is in addition to our emergency fund*
Beks is a full-time government employee who enjoys blogging late into the night after her four kids have gone to sleep. She’s been married to Chris, her college sweetheart, for 15 years. In 2017, after 3 long years working the Dave Ramsey Baby Steps, they paid off more than $70K and became debt free. When she’s not working or blogging, she’s exploring the great outdoors.
Congratulations! Amazing progress.
Whatever happened to Tricia’s updates? I haven’t seen one in months.
Keep up the good work!
I love the inspiration your blog gives me for my own journey. Thank you!
Just curious, why are you adding to savings above and beyond your emergency fund if you still have outstanding debt?
I think it’s a good idea to increase savings. Babies are very expensive. We has our first child last June and never anticipated that he’d e allergic to milk and would require formula that costs over $300 a month. Yikes!
Nikkira I agree, babies are expensive and teenagers are worse 🙂
Ponyryd – Since we aren’t sure how much our hospital bills will be, we’re saving cash just in case. Also, I will be staying home for 12 weeks. Only 6 are covered on my insurance plan so we have to cover for the missing paychecks from savings.
Joanna – Unfortunately I’m not sure. I miss her too!
Hi Joanna – Tricia here 🙂
I still hang around and follow Bek’s journey, but I haven’t written an update in a while. Sometimes I forget (it’s the last Friday of the month for my updates) or I don’t have much to say. Words seemed to flow better when I could talk about anything 🙂
I’ll try to get an update ready for the end of this month.