Monthly Financial Checkup

It's the end of the month, and a long month at that, so I wanted to report how we did on our debt snowball. We paid 10% of our income to my school loans! Yes, 10%! And that's not it (yet)! First of all, we were able to do this because this was a 3 paycheck month. Because we are so used to living on 2 paychecks a month, the plan was to use the third paycheck for the debt snowball, which we were able to do. However, because it was a third paycheck month the last paycheck came near the end of January and we needed to keep some money out for February bills and budget. (We're still working on the whole cash flow thing.) So, when the next paycheck comes we'll be able to put another big chunk toward our debt snowball! (And we're keeping track of how much we are "lending" to February).
I must say, at first I was bummed, because I really wanted it to be more, but Greg really put it into perspective for me, telling me we should celebrate because we put in X amount of money, and X amount of money really is a lot, and he's right. It is a lot of money AND (I just had to figure this part out now) the 10% of our debt snowball pays off 11% of my school loan, so that is happy news.
So, how did you do this month?

Monthly Financial Checkup Addendum

Already God is honoring our debt snowball! Greg got a check in the mail from one of our health care providers because he overpaid a bill! When does that ever happen?!? And since this is extra money, right away it's going into the checkbook, only to be taken right out to pay off more of my school loan. Isn't that awesome? Isn't God awesome? Woo hoo!

Monthly Financial Checkup

It's a new month and a new year, and if you remember from this post each month we are going to report on how well we did on paying off my school loans. I am happy to report that in December we put 2% of our income towards our debt snowball! Now, before you gawk at 2% thinking that just sounds measly, to put in in perspective it is more than a date night out would cost us. Plus, 2% is better than nothing! I doubled checked my school loans (I have 2 of them) and we believe we can pay the one off by June, so we are working towards that! And of course, we know that nothing is too difficult for God, and we trust He is going to help us along the way get to that goal!