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January

January 31st, 2025 at 11:19 am

Things are getting tougher, rising prices, job losses, and growing frustration, and we're only one month into the year. I don't like the direction things are heading, but this is our reality.

 

I'm tying up a few loose ends and will share a financial update soon. Overall, January went well, I avoided new debt while paying down existing balances.

About 18% of my income went to debt (mostly student loans, mortgage, and credit cards), 17% to savings, and the rest covered bills and expenses.

I did have a $500 car repair, but otherwise, I stayed on track.

 

Posted in Debt | 3 Comments »

3 Responses to “January ”

  1. anonymous Says:
    January 31st, 2025 at 04:16 pm 1738340217
    1738340217

    It is awesome that you are making progress. And no matter what anyone says about whether it is better to pay down debt more or save money, either one is progress. So, you got this! Keep going! Big Grin

    I myself actually money leftover right before payday in the amount of $65.18. It went straight to a debt today. I will send more to that debt later. I will also put some in savings and set aside money for home repairs.

  2. rob62521 Says:
    January 31st, 2025 at 08:09 pm 1738354196
    1738354196

    Good for you on staying on track. If what we are seeing is the "new normal" I think more and more people will be tightening their belts and looking for the successful ways you employed to get rid of so much of your debt.

  3. mumof2 Says:
    February 3rd, 2025 at 03:32 am 1738553568
    1738553568

    Yah for being able to stay on track when the prices are rising

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