EMERGENCY FUND/SAVINGS
We exceeded our emergency fund goal by $300 this month! We started with $3,070 and have saved a total of $500: $125 on the 6th, $25 on the 20th, and $350 on the 30th. We now have a balance of $3,570!
We started with $250 in our Christmas sinking fund and have saved a total of $100: $25 on the 6th, $25 on the 13th, $25 on the 20th, and $25 on the 27th. Our balance is now $350.
We started with $200 in our 10th anniversary sinking fund and have saved a total of $100: $25 on the 6th, $25 on the 13th, $25 on the 20th, and $25 on the 27th. We now have a balance of $300.
|
June 2019 |
Emergency Fund | Christmas |
10th Anniversary |
| Starting Balance | $3,070 | $250 | $200 |
| 6th | $125 | $25 | $25 |
| 13th | $0 | $25 | $25 |
| 20th | $25 | $25 | $25 |
| 27th | $350 | $25 | $25 |
| End Balance | $3,570 | $350 | $300 |
| Goal Met? | Exceeded! +$300 | Yes | Yes |
DEBT SNOWBALL
We started with $4,318.49 in debt (401k loan) at the beginning of this month. $26.25 is deducted from Ashton’s paycheck every week to repay this for a total of $105 paid this month. We now owe $4,230.80.
June 2019 Amortization Schedule
| Payment Due | Payment Amount | Interest | Principal | Balance |
| 3rd | $26.25 | $4.36 | $21.89 | $4,296.60 |
| 10th | $26.25 | $4.34 | $21.91 | $4,274.69 |
| 17th | $26.25 | $4.32 | $21.93 | $4,252.76 |
| 24th | $26.25 | $4.29 | $21.96 | $4,230.80 |
JUNE GOALS
Savings
Emergency: $50 per week. As mentioned, we won’t be able to save as much until September, because summer break is still in full effect and summer camp is expensive.
Christmas: Continue to save $25 per week.
10th Anniversary: Continue to save $25 per week.
Debt Snowball
Remain current on the second 401(k) loan, which is automatically deducted from Ashton’s paycheck at $26.25 per week ($105 total per 4-week month).
