Monday, September 2, 2013

September 2013 Debt Update

With the onset of September, we are thisclose to finishing off our third debt thermometer, which means that we are 60% of the way through our second half of the debt load. I don't have exact numbers right now, but we are definitely under $25,000, probably even closer to $23,000. This is exciting!
Third 10K Chunk, started 1/1/13 fundraising ideas
Fundraising Thermometer
Also, in financial news, Elsie started preschool this year, so we will be able to use the money saved on daycare to continue to pay down loans (after we pay the mere fraction of a cost that is after-school care).

What I am realizing, however, is that when Elsie starts Kindergarten with Oscar on her heels, there will always be something to pay for, so we probably will need to have a sinking fund for school expenses. I admit I've had the thought about whether pursuing preschool will be worth it in the end (from a strictly financial standpoint), or if Oscar will be going to preschool next year given the chance. We'll see.

Next month I will do a summary of what we have paid off in two years!! So exciting!!


No comments: