Sunday, March 1, 2009

March Budget & February Net Worth +$2,240

We're FREE from Credit Card Debt!!!

Just had to start off this status update post with that. We still have a few more debts and months to go before we'll be consumer debt free (everything but student loans and mortgage). Onto the details:

March Expenses:

200 Food
200 Car Gas
214 Car Insurance (6 month premimum)
275 HELOC
55 Cell Phone (LAST ONE!)
95 Life Insurance (story in itself, will discuss more soon)
50 Water (estimate)
120 Electric (estimate)
69 My Student Loan
380 Train Ride

March Paid Items:

1073 Mortgage
203 Mrs Student Loans
40 Natural Gas
51 House Phone
11 Cable
40 Daughter's Health Insurance

We have removed Netflix from the monthly budget, as we have been using the cable more than Netflix and have run out of stuff on DVD we want to watch. We no longer have a cell phone and are awaiting the final bill in the mail to pay it off. Our car insurance for 2 cars is due this month (though they haven't sent us a letter, so we'll be calling them this week). The train ride is a 2 week visit to my in-laws in Colorado with my wife and daughter. I'll be working part-time remotely when I'm out there. The March paid items list are items we already paid that were due in March. My father has given/lent us $2K to keep safe for him until the end of the year, which we used to prepay items (I know, not the best thing to do).

February Net Worth:

Did I let you know we paid off our last credit card? That was a large chunk of our net worth increase this month. We also paid down on our mortgage, student loans, and HELOC. We're continuing to put $128/mo into a SIMPLE IRA at my work. Next month's net worth increase will not be much unless we get 2 rooms filled with renters.

5 comments:

Dedicated said...

Life is just better without credit card debt - right?!

$350 a month seems low for rent. Will you still be able to handle the added costs with another roommate at this level?

Otherwise your household costs look good. I think you have trimmed a lot of fat off. Great Job!

Betsey C. said...

That's huge!!! Credit card debt is an awful thing, especially in these times when credit card companies are messing around and raising interest rates to high heaven, even with their stellar customers. I'm so happy for you!

Sick of Debt said...

The costs for an additional roommate are actually around $50 (additional water and electric). The rest of the utilities are flat rates, so if we have 1 or 3 roommates, they are the same (eg: heat, phone, cable).

Betsey C. said...

Hello! We haven't heard from you, how about an update to let us know how you're doing? How are your seedlings coming along? I started a few seeds in my basement under plant lights. So far so good, I'll plant them out at the end of May. They are mostly annuals, with a couple of tomatoes.

Betsey C. said...

Hey there! Are you guys ok? Give us an update when you have a chance and let us know how you're doing. How's your garden growing?