Well, I said I was going to wait until December to do the next overview, but I thought it best to pull my head out of the sand now. We get our next paycheck on Friday (FINALLY fixed the HR snafu and should see the correct amount, fingers crossed) and want to know where we're starting from. I just finished another heart to heart with my husband and have puffy eyes, but am feeling better and ready to start fresh and tackle things again.

I should say that I pretty much snapped from the pressure this afternoon and stopped our 401k contributions after all, as well as our Freedom Account contributions, just until we have our overdraft paid off. I just need to feel secure in knowing that at least those things are in order. It really stinks, but I feel better (sort of) for the time being.

Anyway, here's the overview...

November 2008

Student Loan #1: $2,312

Student Load #2: $1,425

Bank of America #1: $8,824

Bank of America #2: $7,841

0% Bank of America #3: $4,449

Chase #1: $237

Chase #2: $2,924 ($2,600 at 4% for life of balance)

0% Citi: $1,940

Target: $81

Overdraft: $2,780

401k Loan #1: $710 (Pay off 07/31/2009)
401k Loan #2: $3,918 (Pay off 07/16/2011)

Car Loan: $15,944


DEBT TOTALS

Credit cards & Overdraft: $29,076
Student Loans: $3,737
401K Loans: $4,628
Car Loan: $15,944 (not updated since 8/08)


THE BIG DEBT TOTAL: $53,385

Total Savings: $67
Total Retirement: $43,554 (down about $4k)

So, I'm unchecking the "Get our CC debt to under $26k" and "Pay off overdraft" goals in the sidebar and will probably have to move them to '09. Well, I've faced the music and am ready to start again. That's what you do when you fall down, right? You just get up and keep trying. Thanks for all the support here; it truly helps!

I can't believe it, but it looks like I have hit another goal that I set in August. I had hoped to get the credit card debt to under $26k and after looking at this month's numbers, that goal has been achieved! I usually use the current month's statements (before any payments) for the monthly overview, but decided to factor in last week's extra payments this time. (I was too excited to see how that $1,000 payment would affect things!) Anyway, I was very pleased to see that goal achieved.

I don't have my most recent car loan info in front of me and my student loan #2 info is "temporarily unavailable" online, so I just kept the balances from last month. What does this mean? It means my total debt is, in actuality, even less that what appears below. Oh how nice that is!

Current Debt: September 2008

Student loan #1: $2,372

Student loan #2: $1,575

Bank of America #1: $10,281 (Paid $1,000 towards it last week!)

Bank of America #2: $10,084

0% Bank of America #3: $4,579

Chase #1: $269 (Paid off last week!)

Chase #2: $11 (Paid off this month!)

0% Citi: $2,020

Target: $445 (Paid off last week!)

Overdraft: $2,509 (Paid off last week!)

401K Loan 1: $862 (Pay off 07/31/2009)
401K Loan 2: $4,128 (Pay off 07/16/2011)

Car loan: $15,944


DEBT TOTALS

Credit cards & Overdraft: $25,964 after last week's payments!
Student Loans: $3,947
401K Loans: $4,990
Car Loan: $15,944

THE BIG DEBT TOTAL: $50,828

Here's our current status for August; not the best. We had a few unexpected expenses that threw off our budget and left us with about $1500 more debt. Luckily yesterday we got our homeowner's insurance refund check in the mail and I have sent a third payment to Target this month ($165) and an extra $100 payment to overdraft.

I'm also bummed to see that my husband's 401k lost approximately $257 this month. I know this is one area that I need to learn more about; I sure don't like to see it going down!

Current Debt: August 2008

Student Loan #1
% V, Outstanding: $2,435

Student Loan #2
4.3% V, Outstanding: $1,575

Bank of America
10.24% V, Outstanding: $10,390

Bank of America
9.90% V, Outstanding: $10,211

Bank of America
0% to 03/2009, Outstanding: $4,635

Chase
15.43% V, Outstanding: $261

Chase
10.99%, Outstanding: $10

Citi
0% to 07/2009, Outstanding: $2,060

Target
22%, Outstanding: $445

Overdraft
18.00% V, Outstanding: $1,365

401K
Loan 1, Outstanding: $937 (Pay off 07/31/2009)
Loan 2, Outstanding: $4,233 (Pay off 07/16/2011)

Car Loan
9.90%, Outstanding: $15,944



DEBT TOTALS
Credit cards & Overdraft: $29,377
Student Loans: $4,010
401K Loans: $5,170
Car Loan: $15,944


THE BIG DEBT TOTAL: $54,501

Total Savings: $0
Total Retirement: $46,750

OK, down to the nitty gritty. I have been keeping a personal record of our debt status for a while now. Here is the last one I did for July. Since I did this, we have transferred a some CC balances to 0% cards, but have also charged about $200 to our Target card and have about $700 in overdraft (UGH), but hey 8-8-08 is our turn-around day and things are going to get better from here on out!

Current Debt: July 2008

Student Loan #1
% V, Outstanding: $2,567

Student Loan #2
4.3% V, Outstanding: $1,623

Chase
15.43% V, Outstanding: $4,664

Bank of America
10.24% V, Outstanding: $10,502

Bank of America
9.90% V, Outstanding: $10,315

Chase
10.99%, Outstanding: $2,102

Target
22%, Outstanding: $0

Lowe’s
22%, Outstanding: $0

Home Depot
Outstanding: $0

Overdraft
18.00% V, Outstanding: $0

401K
Loan 1, Outstanding: $1,012 (Pay off 07/31/2009)
Loan 1, Outstanding: $4,336 (Pay off 07/16/2011)

Car Loan
9.90%, Outstanding: $15,944


DEBT TOTALS
Credit cards: $27,583
Student Loans: $4,190
401K Loans: $5,348
Car Loan: $15,944

THE BIG DEBT TOTAL: $53,065