Sorry for the short absence. I am still figuring out my new normal, and part of that has led to a good ole fashion down-in-the-dumps period. Lovely. Add in some Sassy problems, some hard discussions about Bossy and some frustration....and I just haven't been in the mood.
Wanna talk numbers? I know a few of you are curious. I am still paying January bills, so I thought I would break it up and talk about the bills that are already paid for the month and the future plans for them. I am just going to call these February 1 numbers, since they won't change before then.
Mysti's Car - $2,203.58
The credit union removed the on-line option that lets you make a principal only payment. Boo. I made a small "overpayment" using the updated system, and it only applied it to the next payment and indeed split the amount between principal and interest. There went my rounding....unless I want to call every month and make a $2.57 payment and have it principal only.
It doesn't matter that much because this loan only has 9-ish more payments (the 10th payment isn't a full payment and we have a plan to eliminate the 10th payment)! Doesn't feel like I have had this car for 4 years but I have, and we are almost at the end of the loan. Fantasy has this paid off by summer but until I am steadily bringing in a paycheck, that isn't an option. Once we are free of this loan, that is $230 that will be available for other stuff, which may be extra on the house loan since it is at the same credit union, or may be CC. That will get determined as we get closer to the pay off and we see what our budget is at that point.
One more payment and the total is officially in the one thousands. Yay. Then it is 5 more payments (4 if we can pay $60 by then) and we are below $1,000. We are almost there.
House loan -$20,760.90
This is the loan we took out in October for $22,000. The first $9,400 paid off the retirement loan, and the remainder went toward the house at closing. The "nice" thing about this loan is that with a payment of $435 a month, the total drops into a new thousand every 3 months or so. It helps with the mental game.
The interest rate is 6.99%. The CC has a higher rate, so extra money should go toward the CC, but again.....the mental game. This loan still ties us to CT, so for us, there is a higher motivation to get rid of it. We will see how it goes. Nothing is getting extra right now, and we are still 9-10 months away from my car being paid off, so this Fall we will assess where we are at.
We did all we could to avoid this loan, but at the end of the day....it was the only way to help generate the $18k cash we needed for the house (we had $6,900 already put aside from selling stuff, tax return last year, etc). This loan above all others has really emotionally effected me. It should represent the start of the next chapter of our life. Instead, it represents our short comings. Until it gets down to $9,400....where we were before....it will weigh on me.
I am toying with (again, mental game), separating this loan into 2 parts for tracking purposes. It is completely arbitrary. Basically, I would put the $9,400 in one category (which is true consumer debt, since the retirement loan was a consolidation of consumer debt) and the remainder in another category (house, moving, whatever). I know at its heart, it doesn't matter....right now, the mental game is really where its at for me. Its a game....I know it is a game. No need to tell me that.
So there are a few numbers to wet your appetite. Student loan and G-man's car get paid on Monday....so that update is coming. And CC gets paid over the next 2 weeks. Are we having fun yet?