Retirement Loan: $13,460.50
As I stated previously, we adjusted the terms of this loan in October 2014 to allow a greater cash flow in anticipation of G-man's move to NC. Previously this loan was going to be paid off in April/May 2016, and it is now April/May 2017, based on the current repayment of $221 per paycheck (26 checks a year). Previously it was $380 per check.
Student Loan: $22,474.73
This loan is the last on the list of priorities of repayment. It always has been. We pay $229 a month for this loan. I *think* I am out of deferment or forbearance time for these loans, so even though we are dealing with some income fluctuation, I am not sure there is much I can do. If we get to the point where we have to find a place to reduce...I will call and ask. The worst they will say is no.
Credit Card: $9,998.97
Mysti's Car: $5,150.00
At $230 a month, and a very low interest rate....this loan just gets chipped away each month. It is scheduled to be paid off in November 2016. I have started this little habit of paying an extra dollar or two to the principal to round the number off. I just like the zeroes at the end.
G-man's Car: $3,500.00
This loan started at $6,000 at the end of October 2013 (first payment was November 2013). So in 14 months, we have paid off 41.7%, and this was scheduled to be a 5 year loan (even though we never planned on taking that long). This loan was done as a personal loan due to the age of the car (2001 Camry), so it also comes with a hefty 9.99% interest rate.
This is our starting number. The question mark for 2015 is if this will STAY this way. Bossy's supplies are on a 100% financial waiver that expires in February. We will reapply for assistance, but there is a chance that we could lose the waiver, or have it reduced. At that point...this number is going to go up. Other medical and dental procedures will hopefully be covered by insurance and our FSA. But we also have put aside extra to cover costs once the FSA is used up.
Lastly....our EF. It is currently sitting at $3,000. My EVENTUAL goal is to have this at 5k. (In my perfect world, there will also be an account that has 6 months of expenses, but that is so far down the road, I don't really think about it).