Archive for July, 2008

State of the Debt, Summer Begins ‘08

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dump the debt
Creative Commons License photo credit: Daveybot

Spring ends, summer begins, more debt goes to the great beyond. Isn’t it a wonderful thing? ;)

Yet another month of incremental debt killing. While I could have boosted the damage done to the final tally a bit by using returns from my expanding online marketing side business, right now I’m comfortable using the funds to reinvest in what’s been working. Maybe next month I’ll throw the excess at the debt, but for now having the ability to use the play I have in that side business’s cash flow to experiment has proven useful.

Likewise, I’m sure we could have trimmed more, but going over our spending versus the budget it looks like we did a little comfort spending in June. In the end, it is just money, and we needed a little cheering up more than we needed to knock a couple hundred more off the total, so c’est la vie. Speaking of, we are still waiting to hear on medical bills associated with our loss. Since we have a pretty substantial deductible, unless medical procedures have gotten cheap all of a sudden, the ol’ total is almost certainly going to suffer a brief reversal soon.

Anyway, for those into specifics, here ya’ go:

  May 31′08 Jun 30′08 Change
EVERYTHING We Owe
Credit Card Debts
Chase $18,643.04 $18,349.69 ($293.35)
Other Debts
Home Mortgage 38,612.33 38,563.50 (48.83)
Low Energy Loan 14,676.04 14,552.41 (123.63)
Line of Credit 23,912.89 23,493.91 (418.98)
TOTAL Liabilities $95,844.30 $94,959.51 ($884.79)