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It All Adds Up

February 7th, 2008 at 10:53 pm

So, out of curiosity, I took a look at how much I owed last year on the credit cards vs how much we still owe.

And I got depressed when I saw the numbers.

Last year: We owed 15,000
This year: We owe 10,000

And I thought, that's it? 5000 is all we've managed to pay off? What the heck did we move to Alaska FOR?

But, then I started really thinking about it.

Yeah, 5000 doesnt sound like much, especially with how much money we're currently making - but we had a baby. We moved. We traveled this summer.

AND.

We managed to put almost $3000 in savings for our next moving adventure.

So, while we didnt get out of debt, which I was really hoping for, we did make a dent. And we've got a good emergency fund.

And a baby.

So, hey, not too bad. Not bad at all.

4 Responses to “It All Adds Up”

  1. thriftorama Says:

    Reducing the balance by $5,000 on a credit card is really great considering how much of each month's payment is usually eaten up by interest. Besides, you managed to pay down almost $500 a month. That's pretty good. You should be proud!

  2. JanH Says:

    I think it is pretty awesome! You knocked a third of it down!

  3. merch Says:

    Nice!!! Keep the focus.

  4. Rachael Says:

    Absolutely not bad at all. Looking good!

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