July & August Update - Starting New

I am back with a few changes! July was just a bad month for me because of the vacation trip and it completely threw me off the loop with my whole debt progress - just as predicted. But I am now fully determined to get the debt payments out that I think I went a little gazelle intense.  

Current Debts:

Below is the breakdown of my debt progress… I think (I hope) I am still on track for the July 2016 payoff date! 

Name	Jun-14	Jul-14	Aug-14
Personal Loan	8,976.00	8,662.00	8,346.00
Student Loan	6,970.00	6,869.00	6,688.00
CC #1	6,542.00	6,424.00	6,200.00
CC #2	634.00	1,275.00	200.00
CC #3	-	840.00	-
TOTAL	23,122.00	24,070.00	21,434.00

How was I able to pay off $2,636* in a month?

CC#3 Story – Paid off $840

 I am NEVER going to book another hotel from hotels.com again!

A gist of what happened - J and I were not able to check in the date because of weather related issues. There was NO WAY for us to get back to the mainland since ALL flights were cancelled. I kept explaining this to the reps (yes, plural) at hotels.com - and its either I was placed on hold for how long and I even felt like the manager didn't believe the story. Feeling defeated I googled what else I can do because I didnt want to pay that 'extra' amount. Thank goodness CC#3 was there to the rescue (Ok, its AMERICAN EXPRESS - I think they deserve a shout out on my blog) absolutely no explanation needed. I disputed almost $300 of the charges from my July and got the funds back into the account almost the next day. That was how I was able to pay off that CC by August!

CC#2 Story – Paid off $1075

 The vacation completely threw me off the loop and for this – it was a good thing!

Originally my automatic deposits are broken down by :

• 10% Main Savings
• 20% Credit Union Checking
• The rest is on my main checking account

But pre-vacation, I changed the 10% to deposit to be sent to my Credit Union Savings instead. I saw a pretty nice sum (4 paychecks later) on the savings account and decided to just pay off most of the credit card debt from that.

The rest of the $721 went to… 

Were paid to my Personal Loan, Student Loan and CC#1…. +/- interest rate charges.

	Rest	Aug Paid	Interest
Personal Loan	316.00	396.00	(80.00)
Student Loan	181.00	200.00	(19.00)
CC #1	224.00	300.00	(76.00)
TOTAL	721.00	896.00	(175.00)

July Ending Debt: $24,070 || Paid: $2,636 || August Ending Debt:* $21,434

Weekly Spending:

The $150 weekly goal, I realized, will not work for me... However, I will still aim to keep around that amount and I will still enter my expenses weekly under this group

I am just going to focus on paying $500 bi-weekly (+/- $1000 a month) to my debt total 

Pending Expenses:
Christmas is almost here! 120 more days and 8 more paychecks to go. I cant really calculate what I will be spending the next couple of months, but here's what I will be expecting to spend money on.

• End of August - Birthday season is coming up for our group of friends. It starts this week!
• September - Continuing the b-days and festivities
• October - Trip to visit friends out of state
• November - Car Registration due!
• December - Christmas Funds are completely depleted to pay off debt. Time to restart again! *sigh*

I am sure there will be more changes. 

*This update is for Week 7 | 8 | 9 | 10 | 11 | 12