Money Makeover: October 2014

Kicking off October, we’re coming out of a difficult month. September, to put it bluntly, sucked. We fell off our budget pretty badly, due to a couple of bigger celebrations (Kate’s 35th birthday and our 4th wedding anniversary). We spent money we should have been throwing at bills, but we did issue some refunds as part of the closing down of my framebuilding business, and we still got a big chunk of the Citi card paid down. We were also met with some challenges on the health front that are forcing us to spend time/money, so that’s going to slow things down a bit, too.

Starting in the hole: $74,000. (Includes the fancy new minivan.)
Current debt load: $69,000. (Roughly.)

Step 2: Debt Snowball

  • Amazon — done, August 2014
  • Macy’s — done, August 2014
  • Chase — done, August 2014
  • Citi — projected complete payoff in October or November 2014
  • Wells Fargo — projected complete payoff in February 2015
  • Bank of America — projected complete payoff in June of 2015

Emotional State

5/10. I’m not despairing or anything — September was a hard month. October had a bit of a rough start, but we’re still on-budget and going to kick some ass.