You know what you do with debt? You give it "a HA! And a HI-YA! And then a OUU-WA!" (And don't forget to get one last kick in for good measure). We've been doing just this with our debt, though last month our spending felt all over the place (and mostly insane). Our fridge broke in the beginning of the month, spoiling a huge amount of our food, and remained broken for about a week, which meant many one-day meals. This isn't a budget-friendly way to live. By the time we got our fridge back, our grocery budget was already excessive. We had to expand it by approximately $200 by the end of the month, which cut into other areas but we didn't add to our debt...we just didn't pay off as much as we had hoped.
So, let's take a look at our debt....
Last month we owed $37,519.07.
A brief look at Canada reveals an ugly National Student Loan at a beastly weight: $22,887.23
My BC Student Loan is now the second highest debt load at $6087.91 (I *hate* how this one is increasing!!!!! #@$#%$@%$#%!!!!)
The evil credit card is at $5052
Finally, my husband's student loan is $2147
Our new debt total is $36,174.14.
This means we paid off $1344.93 of debt!!
We're rocking this. :) I'm so happy with how we've been working together to get rid of this burden, and we're on track to be rid of it by 2014 December still!
Squirrel and Nest offers one-on-one and small group financial counseling services that aim to give individuals the knowledge and independence they need to get their financial lives in great shape.