Friday, August 19, 2011

Paid off Fourth Debt!!!

July had a lot happening with our budget. I Paid the Second and last payment for our property taxes and also paid our house insurance. We had saved all year for both and came in almost perfect. We were only $90 short, which we just added to July's budget.

We had the opportunity to work a lot of overtime which helped this months budget. At the end of the month we were only a few dollars short of paying off our fourth debt, the last 401K loan. So we moved some stuff around in our budget and saved a little less in a category and was able to pay off the 401K loan. We ended up paying 2193.75 extra on our debt in July.

It felt good to pay it off and only have one debt left. But if you look at our bank accounts they don't look too good right now. After spending all we had saved for taxes, insurance, and vacation this year. The bank accounts are look very small. Having money in the bank just makes you feel more secure. Oh well, that is was we saved it for, and the process of saving worked out great. Now it's time to start saving for next years Taxes.