No. of Recommendations: 23
Hey folks, nothing too exciting going on over here. Just wanted to come in and report some small progress. Thanks for reading / commenting.

Last update:

Here are the numbers from the last update [July 2010]

ING E-Fund $ 3550.60

Debt Balance APR Min
Discover $10288.45 10.24% $165
BofA-CC $ 3582.62 9.99% $59.00
CU-CC $15115.40 6.24% $400
CU-Auto $13490.62 5.99% $449
Student Loan $ 2690.17 2.75% $195.45
RoomsToGo $ 1301.31 0% $30
Citi $ 7210.00 0% $69
Totals $53678.57 ?.?? $1367.45

And here are my new numbers, as of today:

ING E-Fund $ 2317.00

Debt Balance APR Min
Discover $ 3283.99 10.24% $140.00
BofA-CC $ 3342.21 9.99% $ 58.00
CU-CC $14308.21 6.24% $355.00
CU-Auto $11952.59 3.25% $449.00
Student Loan $ 1356.29 2.75% $195.45
RoomsToGo $ 950.00 0% $ 50.00
Citi $ 6490.00 0% $ 85.00
Totals $41683.29 ?.?? $1332.45

Some notes:

-E-Fund took a small hit to pay for DF's air conditioner repair back in September. She repaid the loan, but I chose to send her repayment to Discover instead of back in to the e-fund [or spending it on crap I don't need]

-Only SEVEN payments left on my 10 year student loan. Wow. This will also free up another ~200 to send to other higher interest debt. Momentum.

-I have been tracking all my accounts, debts + assets, on and including the blue book value of my vehicle, savings and retirement accounts, I am amazed to share with you that my "net worth" is quickly approaching the black! Just 2 years ago, I was hovering around $50 thousand in the red. Today, I am looking at ($6,634) - this is a big motivator for me to stay the course. Once I cross in to the black, each payment I send off is increasing my wealth. I can't say I know what it's like to have a positive net worth. This will be a first for me. Gotta love graduating with a chunk of debt.

-We have been pretty good about sticking to the budget. No slip ups, though we did pay cash for a mini getaway to the mountains [~3.5 hrs from here] back in October. We got creative for xmas gifts this year and spent almost nothing. Literally under $100 total. We spent more on groceries during our breaks. Our families understand and have been very supportive.

-DF continues to be amazing with her support in tackling this debt. We've also discussed foregoing a home purchase even beyond the repayment terms here. We will plan to fund a wedding and honeymoon [frugal style] and revisit the house plans/options in a couple of years. Besides, we are quite comfortable in our spacious apartment and are practically stealing it at what we pay each month. I know some of you will take issue with the idea of renting being any kind of deal, but it's working for us now.

Thanks for taking the time to read any or all of this. Cheers.
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