Friday, April 8, 2011

Financially Fit Friday

OUR TAX RETURN CAME!  Woo-who!  :o)

So far, with our return we have...

  • Paid off another stupidity loan!  ($221/month to snowball into the next loan!)
  • Set aside money to pay for a second vehicle IN FULL.
  • Bought Hubby R some much needed contacts for the year. 
  • Bought $35 worth of extra groceries :o) 
  • Will go out to eat WITHOUT KIDS on Sunday! 
The rest we need to sit down and figure out where it needs to go.  Part of it will go to pay for entry fees for Hubby R's tournaments this year.  We decided that we each get $X to go into our "Fun Money" accounts.  We were very short in this category since I went on maternity leave, so in a way it's paying back the "IOU"s. 

Summary -

Emergency Fund - Stocked
Indiana Fund - Stocked
Colorado Fund ($500 Wanted)- Roughly $30 Right Now, I still have to get to the bank to see my balance.

Next on the list to pay down -

Credit Card - $5668.02
     *If you follow Dave Ramsey, he says no matter what to pay down your next lowest balance.  This is not our next lowest balance, but it's our highest interest rate one.  Now that we've paid off so many loans in the last 2 years, we believe this is a better route to go, where as our other loans have such a small interest rate on them, this is by far the worst "loan" we have.  So...Ready...Set...GO!

Sister C switched her availability to work evenings which will hopefully bring in a lot more money to get that debt gone! 

No comments:

Post a Comment