State of the Debt, Summer Begins ‘08
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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) |
bluetooth said,
Wrote on July 10, 2008 @ 3:37 am
Oh ho the debts are skyrocketing day-by-day indeed particularly the credit card debts. I liked your blog very much and so I am bookmarking your blog. Here it is: http://www.mister-wong.com/user/anderson365/
MLM Leads said,
Wrote on July 14, 2008 @ 4:35 pm
oh my thats a lot of debt… now i dont think i ever wanna buy a house :S
-Jessica
iPhone 3G said,
Wrote on July 17, 2008 @ 9:51 am
OMG, so much debt, all around us lol. Funny picture, wish I could bin my debt!
Mikel said,
Wrote on July 18, 2008 @ 4:18 am
Heck, who doesn’t have debts these days anyway?
I, for one is heavily in debt with a lot of CC companies. lol
Ohio Health Insurance Plans said,
Wrote on July 25, 2008 @ 8:10 pm
If you can qualify…a home equity loan or a line of credit may trim some of your interest expenses.
Ed
Garden flags said,
Wrote on August 1, 2008 @ 2:02 pm
Thank you very much for the great information…This is an important thing to get right
Instant Loan said,
Wrote on September 28, 2008 @ 8:06 pm
Thanks for posting. Managing debt is greatly important.