Wednesday, March 9, 2011

No Progress

In the past month, we haven't really made any more financial progress.

We spent a lot more on vacation than we had budgeted. We delayed in booking the trip, so prices went up a bit over what we had expected. We also splurged a bit while we were there. We had set aside $1000 for travel & accommodations, and had planned to spend an additional $500 while there. We ended up spending close to $2500 in total. We charged everything, and we'll pay off the trip this month.

We had a few extra bills this past month, including our annual homeowners association dues. The combination of vacation and the extra bills meant that we only paid the minimums on the remaining credit card debt.

We're still saving up for the down payment on the new car, setting money aside for car insurance on the new car, saving up for more home renovations, continuing to pay down credit card debt. Although I'd like to continue building up our emergency fund as well, and pay extra on other debts (car, student loan, mortgage), there isn't enough to do any of those until at least mid-summer.

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