No huge changes here this month – we’ve started more aggressively paying down our student loan and putting the new-to-us car idea as a secondary goal. Since we have two cars, and we don’t drive that much compared to the “average” driver (less than 10000 and closer to 5000 miles per year for each car, generally), we’ve decided that even if one of them does something drastic, we’ll have options to consider before having to make a decision. So the bigger share of our $800 snowball goes to the debt ($500) and the lesser share to the car fund. For now.
I made the $500 payment to the student loan this week, bringing the total of that debt to $8529.00. This brings the total amount we’ve paid off since June 2007 to $27922.71, which means we have paid off 76.6% of our original debt, illustrated on my NCN Network Chart. I am hoping to send a little more to the student loan this month as well, but that will depend on how many hours I tutor and teach taekwondo – the economic slump cuts into those some. Holding the emergency fund steady at $2500 is my main goal for the month and that looks like it is definitely possible, but hopefully a bit of snowflaking can happen as well. Goal for June: Under $8000!
In other news, we went bowling through the Kids Bowl Free program I mentioned, and at least here, it is not a scam, it was really free, all the shoe rentals were free (we bought the family pass for my spouse and I to bowl) and we had a lot of fun. And we’re doing it again tomorrow. After which I will share some news about Capital One I received today. I think we have a decision to make about them, even though we don’t owe them anything.