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Small progress toward debt goal

April 18th, 2012 at 12:54 pm

I sent $100 to NT's student loan just to make sure we covered the interest for the month. $56 went to interest, so the remaining $44 was applied to principal.

That's $865 down, $1135 to go. We have two regular student loan payments that will knock about another $185 off of principal.

Obviously, not going to make the April goal unless some miracle happens in the next two weeks. I held back most of the money I would be putting to this goal, to make sure we could cover all the other upcoming expenses without taking too much out of the EF.

If things go REALLY well this next month, I might even be able to cashflow all the non-medical expenses without borrowing from the EF. I will need to take money from the medical fund, but I keep those funds (mentally) separate from the EF, so it's not as painful.

But things would have to go VERY smoothly to avoid siphoning from the EF.

The $4500 check to the lawyer came out of our account this week, so we lost that big cushion that was there for over a year. We won't be able to "float" on that and pay things early; will have to wait until we actually have the funds in checking. Not a problem, but it will take some adjusting, since I'd gotten kind of blase about it.

1 Responses to “Small progress toward debt goal”

  1. creditcardfree Says:

    I've been working with a similar float in the last year and it does work nicely. Smile

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