Tuesday, August 18, 2015

First Month Totals

I think I understand why people just stay in debt.  This is not easy!  If anyone tells you that it is, they are lying and you should slap them :)

I knew that this would take time and patience.  Time I have no problem with, patience is what is going to kill me!  I think I look at my excel sheet about 1,000 times a day like it is going to change.  Sad news: it doesn't!

The exciting parts are as follows:

1.  You pay a debt off
2.  You get to celebrate that paid off debt

Well August we paid off three debts so is that three celebrations :)

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Monday, August 17, 2015

Life Update

Life has changed SO much since the last time I wrote!  I am married now to the love of my life and the most amazing man I have ever met.

We have decided we are going to become debt free so we sat down and entered all of our information into a free excel sheet that I found online.

We choose to do the avalanche method.  That is where you pay off your highest interest rate cards first.  Here is a snap shot of our plan.


No. Month Snowball Additional Citi #2 Citi #1 Discover  Chase Captial  Marriot  Loan  Car      END BALANCE
  Aug-15                         51937.81
1 Sep-15            -    500.00 275.00 88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  50761.41
2 Oct-15            -    500.00 275.00 88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  49567.35
3 Nov-15            -    500.00 275.00 88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  48355.26
4 Dec-15            -    500.00 275.00 88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  47124.80
5 Jan-16            -    500.00 275.00 88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  45875.59
6 Feb-16            -    500.00 275.00 88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  44607.24
7 Mar-16            -    500.00 275.00 88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  43319.36
8 Apr-16            -    500.00 275.00 88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  42011.58
9 May-16            -    500.00 275.00 88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  40683.47
10 Jun-16 97.63   597.63 156.37 88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  39355.61
11 Jul-16 254.00   754.00                   -  88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  38007.04
12 Aug-16 254.00   754.00                   -  88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  36637.25
13 Sep-16 254.00   754.00                   -  88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  35245.81
14 Oct-16 254.00   754.00                   -  88.00 25.00 100.00 230.00 191.00 350.00                   -                    -  33832.29
15 Nov-16 332.42   421.58                   -  420.42 25.00 100.00 230.00 191.00 350.00                   -                    -  32396.21
16 Dec-16 754.00                     -                    -  842.00 25.00 100.00 230.00 191.00 350.00                   -                    -  30938.37
17 Jan-17 754.00                     -                    -  842.00 25.00 100.00 230.00 191.00 350.00                   -                    -  29459.91
18 Feb-17 754.00                     -                    -  842.00 25.00 100.00 230.00 191.00 350.00                   -                    -  27960.48
19 Mar-17 754.00                     -                    -  765.83 101.17 100.00 230.00 191.00 350.00                   -                    -  26439.69
20 Apr-17 842.00                     -                    -                    -  758.25 208.75 230.00 191.00 350.00                   -                    -  24897.50
21 May-17 867.00                     -                    -                    -                    -  953.37 243.63 191.00 350.00                   -                    -  23336.81
22 Jun-17 967.00                     -                    -                    -                    -                    -  1197.00 191.00 350.00                   -                    -  21758.02
23 Jul-17 967.00                     -                    -                    -                    -                    -  1197.00 191.00 350.00                   -                    -  20162.47
24 Aug-17 967.00                     -                    -                    -                    -                    -  1197.00 191.00 350.00                   -                    -  18549.95
25 Sep-17 967.00                     -                    -                    -                    -                    -  1197.00 191.00 350.00                   -                    -  16920.25
26 Oct-17 967.00                     -                    -                    -                    -                    -  1197.00 191.00 350.00                   -                    -  15273.17
27 Nov-17 967.00                     -                    -                    -                    -                    -  1197.00 191.00 350.00                   -                    -  13608.48
28 Dec-17 967.00                     -                    -                    -                    -                    -  419.89 968.11 350.00                   -                    -  11925.98
29 Jan-18 1197.00                     -                    -                    -                    -                    -                    -  286.28 1451.72                   -                    -  10231.33
30 Feb-18 1388.00                     -                    -                    -                    -                    -                    -                    -  1738.00                   -                    -  8529.99
31 Mar-18 1388.00                     -                    -                    -                    -                    -                    -                    -  1738.00                   -                    -  6822.56
32 Apr-18 1388.00                     -                    -                    -                    -                    -                    -                    -  1738.00                   -                    -  5109.01
33 May-18 1388.00                     -                    -                    -                    -                    -                    -                    -  1738.00                   -                    -  3389.32
34 Jun-18 1388.00                     -                    -                    -                    -                    -                    -                    -  1738.00                   -                    -  1663.47
35 Jul-18 1388.00                     -                    -                    -                    -                    -                    -                    -  1669.43                   -                    -                  - 

















So yes it will take us some time but I will keep everyone updated :)
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My Other Business

www.scentsy.com/nicoletaylor
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