Friday, September 19, 2014

Where the debt stands

$57,820.61 stands between the Shireman family and debt freedom. 

$22,552.54 - Sallie Mae Student Loan
$18,279.67 - Home Equity Line of Credit
$16,988.40 - American Education Services (AES) Student Loan

While we have made huge strides toward our goal, we are so far away from where we want to be.  After 3 years of budgeting, sacrificing and worrying I have totally thrown in the least this month (or this whole summer).  I'm yearning for October and the feeling of a fresh start.  Hopefully we will not have to deal with unexpected car repairs and life's endless stream of miscellaneous expenses.  More importantly, my attitude is key for how well our family stays on budget.  Garrett will occasionally throw a monkey wrench in the works but honestly I'm more likely to feel entitled to a dinner out, an activity with friends or a little shopping spree for my baby girl.  Starting October 1st we're going to redouble our efforts to save as much money as we can to prepare for my possible upcoming unemployment (January 2, 2015).  If we can amass $10,000 in our emergency fund then we'll start throwing any extra income towards the smaller of 2 AES loans. 

Happy fall to all!

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