Money & Frugality

Our Money Makeover Challenge #9 | November 2018 Debt Snowball Progress Report + December’s Goals

November was yet another disappointing month overall.  We’re just trying to do the best we can until I receive my first paycheck and can regain momentum.

DEBT SNOWBALL

We were able to pay $250 total toward our debt in November.  However, we added $2,886.42 total to the Chase credit card (mostly for childcare and expensive maintenance on Ashton’s vehicle that not even a starter emergency fund would’ve covered, though it would’ve helped.  And the worst part is that we need even more maintenance done … on both vehicles).

Debt Snowball Ledger

Ashton’s Chase Credit Card
$2,092.50 Start amount
$145 + $2,886.42 Payment amount
$4,833.92 Balance remaining
401(k) loan #2
$4,965.02 Start amount
$105 Payment amount
$4,879.94 Balance remaining
Total Debt as of 12/01/18 $9,713.86

DECEMBER 2018 GOALS

  • Contribute $645+ towards the credit card.
  • Remain current on the second 401(k) loan, which is automatically deducted from Ashton’s paycheck at $26.25 per week ($105 total per month).

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