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Reached March goal! Debt goal for April

March 31st, 2010 at 03:22 pm

My credit card payment hit and $140 went to principal. That means we passed the March goal of paying off $1130, with a total of $1221 paid toward debt.

I also booked our plane tickets for the Virginia trip in late June. $1059.66 including trip insurance for three nonstop tickets, leaving and returning at reasonable hours (didn't think we could handle a red-eye on our first trip with baby AA). I'm OK with that amount. I checked out UK fares for August but couldn't find an acceptable flight for under $1400 per person! Soo, think I'll hold off and desperately hope that rate goes down. Especially since we'll probably also purchase an infant fare so we don't have to hold AA on our laps for 8+ hours...

I decided what to do with the extra money AS brought in plus the flex spending and unplanned-for paid parental leave that NT informed me about. I'm putting aside some for vacations, so I now have $1000 spending money for Virginia and $3300 for buying UK tickets (really hope that'll be enough). We're accumulating funds in the UK checking account to buy rental car, hotel room or whatever else we decide on the make the UK trip more pleasant. So as long as we find affordable airfare, I consider our trips to be fully funded.

I also put some of the extra money into our dwindling medical and baby expense fund. Well, the part that sits in our checking account was dwindling; we still have a large chunk in savings, but I don't want to touch that as long as we can cashflow our expenses. So I made sure we now have $1000 sitting in checking for those expenses.

I had $1225 left over that's immediately available (some money will come later, as it came from adjusting NT's predicted future paychecks), so I'm sending that off to the credit card. Which makes our April debt payment target much more exciting than it was going to be:

Our April goal is to pay off at least $2190 of debt.

Beginning balances:
Credit card/personal: $8,222
Home/mortgage: $287,730
Education: $75,392
TOTAL HOUSEHOLD DEBT: $371,344

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