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Home > Reached June debt goal! July goal set

Reached June debt goal! July goal set

June 27th, 2014 at 01:49 am

AS's student loan payment hit, with $137 going to principal. That takes us to $926 of debt paid for the month, exceeding the $900 goal.

Our total debt is $238,322: $227,597 in mortgages and $10,725 in student loans.

With the home deal, we'll be taking on a ton of new debt, but it's going to happen on July 31 at closing. So I think I'll treat July as a regular month of debt payment, and then start August with a new debt total that we can start to pay down.

Since we're just paying minimums for the time being, the July goal is another $900 of debt paid.

Nothing much happened on the home front today. I did tentatively schedule the floor guy for mid-July, but that's about it. Still waiting on broker for the list of things we need to provide for loan approval, the seller to write up the promissory note, and my other contractor to schedule his time to do bathroom/kitchen/etc. Hoping to get some movement on all fronts tomorrow!

3 Responses to “Reached June debt goal! July goal set”

  1. creditcardfree Says:
    1403830398

    Have you considered listing your property before any repairs? My friend was going to redo a bathroom and listed the property to include repairs. They had an offer, lower than expected, but didn't want the repairs done. This saved my friend the headache of dealing with repairs. You might ask your Realtor. I only mention this (maybe again) because I think it would eliminate the stress of dealing with the contractors.

  2. ceejay74 Says:
    1403831354

    I've thought about it a bit, but there are two rough places right now listed at $40K below what we owe in our mortgage, and the rest that are in good shape are listed at slightly above our mortgage. So it does seem worth it to put in $7K-$9K of work and get it into the higher tier. I mean it's a gamble; you never know. I am thinking we'll list it before the floors are done and mention that it's getting done shortly, so we don't have to wait for the floors to be done, in case the other contractor finishes up well before that.

  3. creditcardfree Says:
    1403831729

    I think that is a good idea to get it listed, but still plan to do the floors. I'm sure the buyer will appreciate having it done before they move in! I know I would. It will be interesting to see how fast yours sells. Any word from the realtor on that?

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