My Journey From Debt

Well, after almost a month of not updating this site, I’m happy to report that there is some significant progress that has been made on my debt. I have made a couple of extra payments on different accounts and also spent some money that I failed to report on here as it happened. I don’t have exact penny by penny amounts to share, but that is something that I want to start doing again soon.

To start with income, between full and part-time income as well as a $0.05 interest payment, I have had $933.23 deposited into my checking account. Of this, $115.50 was spent on gasoline for my vehicle over the course of the last month, $50.00 was transferred into my PayPal account because I purchased a couple spare hard drives on eBay, and $88.60 was spent at NewEgg on some other computer parts.

I also took $140.00 cash from the ATM over the course of the month ($60 once and $40 each of two other times) of which I currently have $60 in my wallet. The rest of it went pretty much to fast food and vending machines. The only other thing I can think of to mention is the $25.00 automatic transfer from checking to savings that happened on payday.

Dining out also affected my checking account directly on a couple of occasions where I used my Debit card to pay for the meal: once for $23.71 and once for $16.75. My Debit card also funded a trip to Wal-Mart during which I spent $14.11. I also made a charitable donation of $25.00 to a really good cause via check.

This pretty much accounts for everything except the checks I’ve written to pay bills since my last update. So, without further ado, here is a listing of those:

$100.00 – Student Loan 1 – Extra Payment
$100.00 – Student Loan 2 – Extra Payment
$282.57 – Car Insurance – Full premium for 6 months
$200.00 – Credit Card 2 – Amount Due $165.00
$100.00 – Student Loan 1 – Amount Due $52.57
$100.00 – Student Loan 2 – Amount Due $65.89
$100.00 – Cell Phone – Amount Due $41.07
$100.00 – Internet – Amount Due $89.07
$125.00 – Landline/Cable TV – Amount Due $111.37

I do need to pay my rent yet for the month, but am waiting until tomorrow when I get paid before I do that. The check is written, but just hasn’t been dropped off yet. I also have my electric bill but it just came yesterday and I haven’t looked at it yet. This will likely also come out of my paycheck that I receive tomorrow.

My progress is getting to be a bit more significant. I have confirmation of a $0.00 balance on my Store Credit 2 account so that will be removed from my accounts and my total debt has gone from $65,084.97 to $64,099.04 over the last month. I know it’s not likely, but hopefully I can keep up this rate of progress!