We went a little YOLO in April – do you guys ever do that with your spending? We’ve got this perfect budget but something unexpected (but “necessary”) comes up. That one unplanned expense leads to more and more because hey, if the budget’s already blown we may as well live it up! Starting to sound familiar?
Anyway, we reigned it in before things got too out of hand and judging by the numbers below I’d say we did pretty well!
Savings: $1162 (actual $1277)
Sinking funds: $75 (actual $75)
Debt payment: $734 (actual $734)
Debt Savings Focus
In April we were focused on putting all available funds into our emergency fund and we were even able to exceed our budget goal!
This brings our total credit card balance to $5,839.56 and our total debt balance (including the Honda loan) to $25,032.10.
My second job will end for the summer this month so we’ll be losing a little income. While we still have it we’re going to loosen up the budget for a couple “quality of life” purchases – namely flowers for the front porch and an outdoor grill.
I want to get back in to selling things on the Facebook marketplace (and decluttering the house) so my goal is to sell five listings this month.
Our total minimum debt payments in May should be $656 and we estimate saving $1002 which would bring our savings to $3508.
Because we are in savings mode I can’t accurately calculate a debt free date but we hope that we won’t be too far off from our last estimate of April 2020!