March by the Numbers

3 months in.

Extra debt paid off in March – chipping away at the HVAC – $2,293

I’m not sure we will be able to maintain this pace for all of 2012!  Not in regards to keeping our budget tight (that is a requirement) but more in terms of we are running out of things to sell. 🙂

Our extra income this month was very nice.

Craigslist Sales: $580

Refund from our old home loan Escrow: $842

Totaling $1,422 extra dollars of income.

We stayed in budget (actually were under) in the food department.  I’m convinced this will be the most difficult category to stay in bounds on.  It takes a lot of planning, knowing when we have dinners out coming up and setting aside the amount we’ll need. It takes away a lot of spontaneity, but so far, we are managing.

This month we were able to go out to eat with some family that were in town yesterday, and tonight, I’m going to a birthday party.  Here the last day of the month, and food money is available. It’s hard work for sure, but it feels great.

One other note – while doing all of this, we are also setting aside money for things like Christmas gifts, and car repairs.  We stick them in the savings account.  This morning I noticed a whopping $1.06 in interest!  Not a lot, but wow – it sure feels great to have interest working in our favor for once!

So the final numbers for the month:

Total Debt paid in March: $2,779*

Since 1/1/2012 – Total Debt Paid off: $10,641*

*For the purpose of Baby step 2 we are not factoring in our home mortgage

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2 Comments

Filed under budget, by the numbers, debt

2 responses to “March by the Numbers

  1. 1. Food is always our most difficult item to keep in budget.
    2. Until I clicked on the link, I thought baby step was referring to something else, lol.
    3. Our only debt we have left is one doctor bill and some student loans.
    4. Keep at it.

  2. 1. I hear ya on the food bill! Ugh.
    2. Nope – Baby step means nothing super special. 🙂 Though it means fun things for other Bauslaugh’s these days.
    3. Nice work to you as well! I saw the Credit Card payoff status update this week. I imagine that feels fantastic!
    4. Thanks for the words of encouragement.

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