Tuesday, September 4, 2012

Debt Update

This post is a few days late.  On Friday 8/31 I received part of my yearly bonus. We get it paid out twice a year.  It was enough to pay off the kid's school registration and  one of my credit cards completely and have a little left over. That was the plan until Friday.  I changed my mind and decided to pay off several small bills instead. 
Before Friday Debt:
Store Credit Card #1 $196.95
Store Credit Card #2 $122.91
Appliance Store Card $210.00
School Registration  All 3 Kids $483.00 - 8th,5th & 1st. 8th Grade was $290 by itself.
Taxes: $215.96

Dinner Out for Daughter's Birthday. $80.00
This ate up all of my bonus but I figured two credit cards are paid off and appliance store card is down quite a bit. The Appliance Store card still has a balance of $166 and that will be paid off by the end of the month.  I will now start applying all these payments to the Credit Card. After the Credit Card is paid off I have two hospital bills to pay off from my son's surgery earlier in the year. 
School Registration definitely takes a chunk and I wish it wasn't so expensive. Our middle school/High school registration fees are ridiculous.

Debt Still to Pay:
Credit Card: Orchard Bank: $1085.00

Dr Bill $1300.00
Therapy Bill $1400.00
Capitol One Card:$ 1100.00 
Van
Motorcycle
House

We still have a long way to go but I am making a dent in it.

5 comments:

  1. You are doing great and it is nice to be able to have less to pay every month and you feel like you are making progress and you are!

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  2. Isn't that awesome? That's great you get a bonus twice a year; it should make it easier to distribute instead of a 1-time allocation. At least I think so. So congrats! I agree, those student fees are rather steep, uhh.

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    1. It does help but of course we never know what we are going to get until that week. The one in March will go towards next year's vacation. I am starting to get better at budgeting my money so hopefully next year I will be able to budget the school expenses better.

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  3. You're doing great! I can't believe how expensive school registration is, I don't know how some people can afford it!

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    1. Thank You! I am just starting out on getting rid of our debt so I have a long way to go but every bit helps. Yes our school registration is terrible. Just basic fees for our Middle School/High School is $195. That is if your kid is in no extra curricular activities. Band, Chorus, Theater, sports are all under the extra category. That adds $85. We don't have to pay per activity just the flat fee of $85. My daughter is in 8th grade so we had to pay an $10 for graduation. Next year I will have on in Middle School and one in High School.

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