I just got paid today (I love direct deposit, means I get my money a day early), so I crunched the numbers for both our March budget AND for what we had leftover in February. We were actually UNDER budget by $271 in February! Holla! I put $200 toward student loan #1 and put $71 in savings. Then, I figured out March's budget, and even after paying my husband's car registration and budgeting for my sister's baby shower, I had another $200 to the loan and $191 to savings (on top of the minimum payment amount for the loan).
In total? I put $630 toward my husband's student loans today. Whoo-hoo! The total for loan number one is under $1600. We're in the home stretch (well, for the first of his loans that is). My goal is to have that first loan paid off by the end of April.
Even better news? My husband got a part-time job (he's in school, so part time is perfect right now) and I got a tutoring gig for three hours a week. Our income is going up, which means we can save and pay off debt even faster!
Yay!!!! :)
ReplyDeleteThis is great progress! You and your husband’s hard work are finally paying off. And with extra income from your husband’s part-time job and your strict planning of your budget, there’s no doubt that you’ll pay off your debt in no time. Cheers!
ReplyDeleteCharlena Leonard @ WeidnerLaw