July 2008

July 29th, my husband lost his job, so things are going to get sticky for a bit. Thankfully, we have a budget and have for 18 months been living without using credit cards. Here is the summary for how we did financially in July:

Current Balances
1) Bank of America (Credit Card) - $7,401.00 - 18.99% - $193 min payment
2) Firstmerit Bank (Eric's Car) - $8,683.25 - 6.5% - $399.96 min payment
3) Bank of America (Credit Card) - $20,865.98 - 16.24% - $504 min payment
4) National City (Home Equity) - $24,103.75 - 5.50% - $109.21 (interest only payment)


TOTAL DEBT = $61,053.98
Reduction this month = $1,002.09
TOTAL REDUCTION = $22,610.79

Savings
Savings Balance = $4,063.77
Changes this month = ($88.53)
+46.10 to Emergency Fund
-60.00 for Quarterly Water Bill
-283.47 for Brakes for Eric's Car
+50.00 to GWO Fund
+150.00 to new Furniture Fund
+8.84 to Moving Fund