STARTER EMERGENCY FUND
We started this month with $100 in our emergency fund. We only managed to save $60, but we also had to withdraw $60 during the third week of November for a copay to have my wisdom teeth removed. We were unable to contribute to our fund the fourth week. So, by the end of the month, we were back at our starting balance of $100.
Emergency Fund Ledger
We paid a total of $831.95 toward our debt in November. Unfortunately, we only decreased our debt balance by $244.81 because I decided to continue to use my credit card. Though, I did shred it today since it has served it’s purpose to increase my credit score.
Capital One Credit Card Ledger (my first and last credit card)
|$200||Credit limit, secured with $49|
|=$80.27||New credit limit|
|$119.73||New debt balance|
Debt Snowball Ledger
|Amber’s Capital One Credit Card|
|$113.16||Start amount ($200 max credit limit)|
|$119.73 (FAIL)||Balance remaining|
|Ashton’s Google Pixel XL|
|Amber’s Google Pixel XL|
|401(k) Loan #1|
|Ashton’s USAA Vehicle Loan|
|401(k) Loan #2|
|Total Debt as of 12/04/17||$12,259.99|
DECEMBER 2017 GOALS
Emergency Fund: Continue to save $20 per week.
Debt Snowball: Eliminate Capital One credit card debt; maintain the minimum payments for the other debts, of course.
My credit score started at 599 (below average) and increased to 627 (average) after the second payment on my credit card. My goal credit score is 0, like Dave Ramsey, after we’re debt free and buy our first home.