It has been quite some time since I have worked on this series. I can not tell you why except that I have been spending most of my time with my children. Since I went on a hiatus for a while I had quite a few ask if I can update. So on this snowy March morning with everyone including the husband home... Sure!
To recap we had a rather big list to get through. Unfortunately we did not get to all as we had hoped. We had one vehicle needing new tires and this year the bill seems to be all on me with dental work.Trust me I wish it was not! I have to say I absolutely love how dental insurance does not cover most of the dental work. At this point I could go on and on about dental insurance but I will spare everyone.
On the other hand we are very happy in what we did get accomplished!
If you remember back we were trying to pay down several things:
Mr. Knight's credit card: The highest balance ever on it was $17,500.00. Oh yes it is PAID! Saves $350/month or $4200/yr!
My car! I finally called them last week and paid it entirely off! PAID! Saves $155/month or $1860/yr!
* Along with paying off my car we had the insurance dropped from full collision to liability. That went from $104/month down to a whole $25! Saves $948/yr!
All in all by paying off these things we are now saving $579 per month or over $7,000 year!
* We also paid off some medical collections that would still have an impact over the next year or so. They were mine from long, long time ago when I did not have insurance. So that section of my credit is cleared up yay!
What we are still working on:
The Military Star Card. We really wanted to pay this down. It is not a big deal, it is not at it's maximum but it is over our 35% ratio that we do not want. We have been paying on it monthly.
My Student Loan. I am going to start paying on this again in April. Once again not a huge deal just wanting to pay it off!
You will see these balances and payments because I have decided to continue showing our progress. In addition I will be adding new things like savings and vacation funds. This year should be very interesting!