January update

I am a huge Dave Ramsey fan, and following (mostly) his 7 babysteps to financial success. Babystep #1 is $1000 emergency fund. It was funded, but then we haven't been following a budget lately, Christmas happened (so NOT an emergency). So I had to move our EF over to checking to cover the mortgage and the Homestudy check this month. Shouldn't have happened, but it did. So time to build it up again. Blech.

This was in September:

So our financial planning goals are to be debt free. We are working on it, and I am going to try to keep a progress report. So, not including the house, we have outstanding debt of $56,055. This encompasses a van, student loans totaling almost $40K, and a $2K on a credit card. So there is the truth of our debt and hoping to get rid of it all asap.

So I am now posting a more detailed totals list.

Emergency fund: $130; Goal: $1000

Perkins Student loan: $270
Credit Card: $899
Rae's Sallie Mae Loan: $7915
Jason's Sallie Mae Loan:$31519
Van loan: $14312
Total debt :............$54915

So it is an improvement, at least. Heading in the right direction. Not 'gazelle intense', but babystepping.