Saturday, March 3, 2012
The Numbers May Seem Off A Bit...
After I updated my financial status earlier this week, I took another look at the numbers. I thought they may seem off to those who read my blog regularly. On average, we send about $3K +/- per month to our creditors, so why would it take 5 months for us to pay down the seemingly small amount of debt we currently have?
Well, there are a few reasons and none of these are included in the status update numbers -
1) Taxes. We believe we owe $6K in taxes this year.
2) We booked our celebration trip and wanted to pay for it in full when the bill came in, so that pushed things out a little bit.
3) My hubby has some back child support due that I haven't been sharing on my blog.
Actually, I've never shared that my husband has a child from his previous marriage. That's right, I'm a step-mom :) Unfortunately my hubby fell behind on his payments when he wasn't working full time and has been trying to catch up. Now that we are married and I consider this debt one of our joint obligations, I've put this on our list of items to pay off quickly. I'd rather not get into exact figures here, but it's included in the overall bunch of bills that will be PAID IN FULL by the end of July. Now that my hubby is working full time, this shouldn't be an issue again in the future.
There, that's everything.