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Checking In

August 22nd, 2020 at 09:08 am


Just checking in, I hope everyone is doing well, for me I’ve been trucking along.

We have another storm brewing, 🤦🏽‍♀️🙄, hopefully it passes us by. Yesterday I headed out to the store to pick up a few snacks, other than that I’m doing pretty well with hurricane supplies. Though today it appears as though the storm made a turn, I’m always thinking better safe than sorry, these things can shift at any moment.

Yesterday I paid $300 on the student loan, finally got the balance just under $6k at $5885. This is one of four loans, and I’m so happy to be tackling them finally. For September I’ll be able to pay about $1500 on it.

I also made my first mortgage payment after refinancing, I really want to pay extra on this loan but won’t start doing that until January. I’m thankful for the long term savings.

My emergency fund, finally hit the 6 months worth of expenses saved yesterday. I’m so excited about this, because I’m genuinely nervous about this virus and the impact on businesses. I’m working but we laid off a ton of staff, that we brought back but things look shaky.

I’m so thankful that I worked my butt off to pay off this debt. By doing so my expenses reduced and I was able to save. Rather than needing $2500 a month for expenses, I only need about $1200 a month. I did rounded up to $1500 to include groceries and miscellaneous stuff.

Separate from my EF that covers mortgage payments as well, I also have about 2 months of mortgage (including escrow) payments saved, and about $2k for home repairs.

Though I haven’t hit financial independence I have hit financial peace of mind.

I’m praying things turn around with this virus and economy. One thing I’ve learned, the stock market is not the economy.

In friends and family news, my friend lost her dad to COVID, this is the third person I know who had lost their lives to this virus. Another decided to take a family trip because they needed to get away, well, the entire family was diagnosed and fell very ill, the husband ended up in the hospital for a while, thankfully he’s still with us.

Stay safe everyone

Posted in Emergency Fund, Debt, Family/Friends | 6 Comments »

6 Responses to “Checking In”

  1. East Coast Saver (Wink) Says:
    August 22nd, 2020 at 10:40 pm 1598132439
    1598132439

    I hope the storm misses you but it's always a good idea to stock up and be prepared just in case.

  2. GratefulSaver Says:
    August 23rd, 2020 at 04:01 am 1598151663
    1598151663

    My Mom lives in Puerto Rico and the storm was hammering them with strong winds and lots of precipitation. Be safe.

  3. Amber Says:
    August 23rd, 2020 at 04:13 am 1598152436
    1598152436

    Grateful Saver, I’m praying PR pulls through this.

  4. VS_ozgirl Says:
    August 23rd, 2020 at 06:22 am 1598160129
    1598160129

    Amber you have done so well the last couple of years and you look like you’re really in control of your finances! Congratulations to you, you should be very proud of yourself. Hope the hurricane passes you by.

  5. rob62521 Says:
    August 24th, 2020 at 08:22 pm 1598296977
    1598296977

    You are smart to be prepared in case you have a bad hurricane or storm instead of having to rush out and buy stuff.

    You are doing wonderful in getting things paid off and paid down. That is the key. Keep plugging along and you will make progress. I'm proud of the hard work you have done and the great progress you have made.

    Hope you stay safe and no bad storms hit.

  6. scfr Says:
    August 26th, 2020 at 05:00 pm 1598457631
    1598457631

    Amber, you are an inspiration!

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