nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,580
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Post by nidena on Mar 4, 2022 13:24:46 GMT -5
UPDATE: nidena: 3/4/2022 $18,071.08 (8/22/2007 $223,361.20 N453,503,NE648,NPT25)
The rain gutters are $1200 from being paid off which means that I'm $1200 away from having just the vehicle ($16,871 at .99%) and the mortgage ($108,338.71 at 2.75%) as debt. I paid off the desk that I ordered in December and put on the Visa.
I have my tax appt on Apr 1st and that will confirm or disprove the Turbo Tax estimates that I owe both Federal and State. If I owe, then that will delay the rain gutter payoff but only by a month or so and the promo period isn't over until Aug so I have three months of wiggle room.
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jdnstl
Familiar Member
Joined: Dec 21, 2010 10:21:56 GMT -5
Posts: 949
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Post by jdnstl on Mar 5, 2022 13:23:32 GMT -5
UPDATE
| Feb 20 22
| Mar 5 22 |
| Auto Loan -
| 23,785.29
| 23,508.95
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| Student Loans –
| 34,628.63
| 34,488.75
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| TOTAL -
| 58,413.92
| 57,997.70
| Difference of $416.22
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| EF/Savings –
| $4,500.00
| $4,600.00
| Difference of $100.00
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jdnstl: 03/05/22 $57,997.70 (2/4/22 $58,544.29 PB276)
Total ptd - $546.59 Percent ptd – <1% My second monthly payment to the SLs posted at the end of the month, as well as my first car payment. It’s still less than 1% paid off – so that doesn’t look too good. But paying over $500/month in principle to both loans will get these paid off much faster. Race on!
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nidena
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Post by nidena on Mar 6, 2022 15:30:42 GMT -5
TheOtherMe, I hope all is good with you and your family after that tornado yesterday.
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TheOtherMe
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Post by TheOtherMe on Mar 6, 2022 18:49:35 GMT -5
Thankfully that wasn't close to me. We only got rain, hail, thunder and lightning.
The deaths occurred in the area where I went to college for my bachelor's degree. I'm also seeing a lot of damage in the area of Des Moines where I grew up. My cousin lives in the area where some houses were destroyed. I hope she is okay.
Thanks for thinking of me.
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ners
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Post by ners on Mar 8, 2022 6:00:31 GMT -5
Race 2 Update
3940.80 (4/21/2018 $12,161.07 R172)
Currently on pace to hit stretch goal.
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movinonup
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Joined: Feb 7, 2013 7:44:03 GMT -5
Posts: 318
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Post by movinonup on Mar 8, 2022 17:49:24 GMT -5
update - movinonup: 02/01/2022 $567,933.73 (02/12/2013 $309,217.65 NE100) NYEF = $105,101.13 My numbers are from the beginning of the month. Sorry, this is the first chance I had to post my numbers from February 1. Hopefully my March 1 numbers get posted soon after the beginning of next month. -movinonup I think I remember you posting that your EF is for home improvements or something but why not knock out some of those 20+% balances like CC #6, #7, and #8? That would be three fewer payments each month. I still have a fear of finding myself without enough to pay my contractor off in full. I owe him $75K that I will have to pay as soon as I get my CO. I also have to pay the fee for the CO, which will be another few thousand dollars. My closet system is not included in the $75K. There is one other item that I will have to pay for, which can be a few thousand (3-5 I think). It's really CC#1 and CC#3 that are costing me money. The rest are either regular monthly spending or currently at 0% interest. I should probably just pay the balance on CC#3. -movinonup
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chiver78
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Post by chiver78 on Mar 9, 2022 11:17:07 GMT -5
update! still plugging along. minimums on the first two, then I wiped out what didn't fit on the BT to the SMCU card, and paid down a little on the projects card. I'll be paying a little more down on that one before I start attacking the Citi card next month with the full snowball. the Citi resets to an absurd rate in January, and this balance will be gone by then. creditor | start | previous | today | 1st National | $24,168.63 | $16,123.30 | $15,893.41 | Citi #1 | $12,826.10 | $9,433.03 | $9,297.68 | SMCU | $11,958.93 | $0 | $11,546.81 | Citi #2 | $4,394.29 | $0
| $0 | BofA #2 | $7,820.39 | $0 | $0 | BofA #1 | $11,813.71 | $12,938.98 | $0 | American Express | $12,520.02 | $0 | $0 | Chase | $9586.41 | $0 | $0 | Discover #1 | $16,553.65 | $0 | $0 | Discover #2 | $14,278.26 | $0 | $0 | BCU | $12,304.92 | $0 | $0 | total | $138,495.31 | $38,495.31 | $36,737.90 |
chiver78 3/9/22 $36,737.90 (5/9/20 $138,495.31)
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TheOtherMe
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Post by TheOtherMe on Mar 9, 2022 11:47:18 GMT -5
I am impressed with what you have done in a little less than 2 years. I can't let myself put even as much as your now balance as credit cards because my pension wouldn't support ever paying them off. You make good money so keep plugging away.
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chiver78
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Post by chiver78 on Mar 9, 2022 11:54:51 GMT -5
thanks so much, that's so nice to hear honestly, this is why I was so resistant to the posters telling me to file bankruptcy back then. this was totally fixable, if I pulled my head out of my ass and got some traction in the paydown (thank you, house sale...). I'd be lying if I didn't also admit that WFH for the past 2y has been a huge part of it as well, between what I'd spend to get myself to the office and what I'd pay for walkers/daycare for the pups while I was away. I don't intend to even get close to my current balance once all of this is gone. ETA: I should also add - my credit score was already back in the 760s as recently as when I opened the JetBlue card for travel purposes and closed a matching available balance. those hits dropped me back to 730 or so. whatever, it will bounce back again.
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debthaven
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Post by debthaven on Mar 9, 2022 12:31:49 GMT -5
chiver78 you'll also have this year's bonus(es?) and maybe a tax refund? I agree with TheOtherMe , you really have done a fabulous job! Will you be able to keep working from home long-term?
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chiver78
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Post by chiver78 on Mar 9, 2022 12:58:22 GMT -5
hi debthaven, bonuses, yes, but I don't know what those will be yet. I intend to use a chunk of them to pay down the projects card, and maybe stick some in high-interest savings to have a better EF than the $1k sitting in my basic savings account. I definitely want to set myself up better as far as money management practices, since what's left won't take all that long to pay off. maybe another year? (I'm including the non-racing stuff in this time estimate). I need to learn something other than "my hair is on fire and I don't know where to start!". tax refund was ~$400 from Federal and I owe the state $100ish that I still need to pay (note to self...), but I may need to file an amended return later b/c I forgot about the ESPP thing I did for a few months last year. a 1099-B arrived after I'd already gotten the Fed refund. idk, the CPA has the form, and will look at it after April 15th, b/c I'm technically all set for now. in any case, the Fed refund was fun money in my eyes, for that small an amount. I'm using it to book a room in Boston to go to a charity wine tasting event with a friend. we did this event every year before COVID, and this year it's back. game on, let's drink for the kids. I will still be able to WFH for the majority of the time, yes. my group is classified as "hybrid" and we don't have permanent desks in the office anymore. because 3.5 of the 7 of us aren't local to the office (I'm in the same state, but not very close to the new office) our in-person time is going to be 1wk/month. either I'll bring the pups to mooch/M, or my mom will stay here with them for the week, and I'll grab a cheap/points hotel room nearby and just stay for the weeknights. 4 nights at a hotel is still cheaper than what my commute had been costing me. and depending how I play my cards, I *might* be able to expense it like the 3 guys from out of state can. I don't know how things will go long-term, but that's the plan for now anyway.
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debthaven
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Post by debthaven on Mar 9, 2022 13:12:48 GMT -5
Sounds like a good plan chiver78 ! I wouldn't go crazy with the EF for now, but having 3K or 5K is a good idea.
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chiver78
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Post by chiver78 on Mar 9, 2022 13:17:40 GMT -5
yup, that's what I was thinking, too. currently, there's $1k in the basic CU savings (earning 6.17% interest!) and another $1k in the high-interest account. that's where I had stashed the house proceeds while I waited to buy the current place. but I feel like I should have more in there, even while I'm paying stuff down.
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TheOtherMe
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Post by TheOtherMe on Mar 9, 2022 17:22:37 GMT -5
My Emergency Fund does not have enough in it either but I have other sub accounts, like regular savings, Cat Fund, and Eyeglasses Fund. The Money Market is where my inheritance is at a pitiful interest rate.
The shower project will come from the Money Market.
I try to cash flow trips. Doesn't always work but can usually pay off in 3 or 4 cycles.
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chiver78
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Post by chiver78 on Mar 9, 2022 18:54:32 GMT -5
yup, that's the plan moving forward - cash flow the trips. but, I'm running all of it through that CC and paying off. 6x miles on JetBlue purchases (my first choice airline for domestic travel) with higher than 1% for some other stuff. and the promotion when I opened was if I paid the annual fee and spent $1k in the first 90 days, I get 70k miles in my FF account. that landed a couple weeks ago with the trips I've booked on the card. 🤷♀️. so far, I've been zeroing this one out each paycheck. I might just start using this as the daily spender instead of the other one I've been zeroing out each paycheck as well.
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chiver78
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Post by chiver78 on Mar 10, 2022 21:49:54 GMT -5
and here we go, planned paydown goes out the window in the short term planned spring projects include more stone work, the other half of driveway paving, and the installation of an outdoor shower. tonight I sent $600 to mooch for the biggest piece of hardware for that outdoor shower, as cash projects sometimes go. so I'll be adjusting the snowball paydown for March accordingly...
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TheOtherMe
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Post by TheOtherMe on Mar 11, 2022 9:34:25 GMT -5
I hear you on projects chiver78 In the two months I have been selecting materials for the bathtub to shower remodel and the contractor and tile installer coming to measure and re-selecting tile because the first one was prohibitively expensive, prices have gone up. I'm probably going to pay twice what I had wanted to pay but I'm going to go ahead and do it. This is being funded by the inheritance I received from my parents and I feel that is a good use of that money. I have tried to spend those funds on things like this and not to cover any months when I'm a bit short to pay off credit cards. As far as I know, this is the last project--unless necessity dictates a new HVAC system.
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jdnstl
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Post by jdnstl on Mar 13, 2022 13:57:41 GMT -5
Looking for input from the group....
My student loans are at 4.71% interest. I have some empty cards offering 0% for 18 months with 3% transfer fee. I would not be able to fully transfer all the funds, only about $15k out of almost $35k. The difference between 3% and 4.71% isn't much... would you play the transfer game with this high amount?
TIA!
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Rukh O'Rorke
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Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,020
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Post by Rukh O'Rorke on Mar 13, 2022 14:06:18 GMT -5
Looking for input from the group....
My student loans are at 4.71% interest. I have some empty cards offering 0% for 18 months with 3% transfer fee. I would not be able to fully transfer all the funds, only about $15k out of almost $35k. The difference between 3% and 4.71% isn't much... would you play the transfer game with this high amount?
TIA! I wouldn't. But are these private or federal loans? There are so many safeguards for student loans, like forebearance and deferment in cae of crisis.
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jdnstl
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Joined: Dec 21, 2010 10:21:56 GMT -5
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Post by jdnstl on Mar 13, 2022 14:16:14 GMT -5
Looking for input from the group....
My student loans are at 4.71% interest. I have some empty cards offering 0% for 18 months with 3% transfer fee. I would not be able to fully transfer all the funds, only about $15k out of almost $35k. The difference between 3% and 4.71% isn't much... would you play the transfer game with this high amount?
TIA! I wouldn't. But are these private or federal loans? There are so many safeguards for student loans, like forebearance and deferment in cae of crisis. These are federal. They are the highest interest rate and I am not carrying credit card debt. Maybe I should look at an amount that I know can be paid off before the expiration of the offer?
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chiver78
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Post by chiver78 on Mar 13, 2022 16:44:23 GMT -5
Looking for input from the group....
My student loans are at 4.71% interest. I have some empty cards offering 0% for 18 months with 3% transfer fee. I would not be able to fully transfer all the funds, only about $15k out of almost $35k. The difference between 3% and 4.71% isn't much... would you play the transfer game with this high amount?
TIA! I wouldn't. But are these private or federal loans? There are so many safeguards for student loans, like forebearance and deferment in cae of crisis. plus, there are avenues of refinancing student loans that would go out the window if you move to a CC. have you explored refinancing the student loans? I've been getting mailers from SoFi, for instance, even though my remaining debt isn't SLs. their literature sounded like they offer better rates for refinancing SLs than personal loans, and the rates they soft quoted me for a personal loan to consolidate my CCs was still pretty solid.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Mar 13, 2022 16:50:16 GMT -5
Forgot about the refi options.
And with inflation above the interest rate, makes sense to refi on a longer term if necessary.
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movinonup
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Post by movinonup on Mar 14, 2022 17:50:34 GMT -5
update - movinonup: 03/01/2022 $564,811.48 (02/12/2013 $309,217.65 NE100) NYAccount | Standard Interest Rate
| Monthly Interest
| 02/12/2013
| 02/01/2021 | 03/01/2022 | Balance Reduction Since Last Update
| Total Balance Reduced
| Percentage Reduced
| LOC | 18.24% | $0.00 | $3,500.00 | $0.00 | $0.00 | $0.00 | $3,500.00 | 100.00% | CC#1 | 18.99% | $85.36
| $20,688.08
| $7,200.00 | $7,100.00 | $100.00 | $13,588.08 | 65.68%
| CC#2 | 16.99% | $0.00 | $(8.16)
| $13,600.00 | $13,200.00 | $400.00 | $(13,208.16) | 0.00%
| CC#3 | 19.99% | $39.56 | $10,300.00
| $2,800.00 | $2,700.00 | $100.00 | $7,600.00
| 73.79%
| CC#4 | 16.99%
| $0.00 | $9,135.05
| $218.15 | $187.63 | $30.52 | $8,947.42
| 97.95% | CC#5 | 10.99% | $0.00 | $4,910.22
| $0.00 | $44.48 | $(44.48) | $4,865.74
| 99.09%
| CC#6 | 22.99% | $0.00 | $1,239.00 | $2,074.17 | $1,779.17
| $295.00 | $(540.17) | (43.60)% | CC#7 | 20.99% | $0.00 | $0.00 | $2,125.85 | $1,315.67
| $809.28 | $(1,316.57) | 0.00% | CC#8 | 22.99% | $0.00 | $0.00 | $1,686.36 | $1,351.36 | $335.00 | $(1,351.36) | 0.00% | SL#1 | 3.50% | $13.75 | $23,021.50
| $4,627.88 | $4,454.59 | $173.29 | $18,566.91 | 80.65%
| SL#2 | 6.80% | $0.00 | $4,748.54
| $0.00 | $0.00 | $0.00 | $4,748.54
| 100.00%
| SL#3 | 6.55% | $0.00 | $2,533.57
| $0.00 | $0.00 | $0.00 | $2,533.57
| 100.00% | MTG | 3.875% | $1,389.59
| $220,170.76 | $533,601.32 | $532,677.68 | $923.64 | $(312,506.92)
| (141.94)%
| Auto
| 4.24%
| $0.00
| $8,979.09
| $0.00
| $0.00 | $0.00
| $8,979.09
| 100.00%
| Total
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| $1,528.26
| $309,217.65
| $567,933.73 | $564,811.48 | $3,122.25 | $(255,593.83) | (82.66)%
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EF = $105,146.95 My numbers are from the beginning of the month. I'm a week earlier than last month. My credit card balance dropped below $30,000 for the first time since at least May of 2011, when I started tracking my monthly high/low balance! Things will slow down a little bit now since the side job that I've had since January just ended. -movinonup
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ners
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Post by ners on Mar 17, 2022 21:55:10 GMT -5
Update Race 1
62,531.68 (1/3/2011 $97,382.42 MPT5)
On pace to hit stretch goal.
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Minnesotagirl7
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Joined: Dec 27, 2010 11:43:59 GMT -5
Posts: 1,793
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Post by Minnesotagirl7 on Mar 18, 2022 8:04:25 GMT -5
Update! | 3/18/2020 | 2/22/2022 | 3/18/2022 | Total Difference | Mortgage | $403,476.12 | $279,452.66 | $250,000.00 | $153,476.12 |
Diff Last Post | $29,452.66 | Total Amt Pd | $153,476.12 | Total % Pd | 38.0% |
Minnesotagirl7 [6]: 3/18/22 $250,000.00 (3/18/20 $403,476.12 C220) Today is the 2-year wirr-iversary for this race, and my 13th(!!) year overall. I wanted to make a big update this month, and with some extra help from DH, we did! Mortgage is down to $250k, and we've paid off over $150k. Vroom, vroom!
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Minnesotagirl7
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Post by Minnesotagirl7 on Mar 18, 2022 14:14:25 GMT -5
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debthaven
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Post by debthaven on Mar 18, 2022 14:45:51 GMT -5
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Rukh O'Rorke
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Post by Rukh O'Rorke on Mar 18, 2022 20:49:32 GMT -5
Update Race 162,531.68 (1/3/2011 $97,382.42 MPT5) On pace to hit stretch goal.
that's fantastic ners!
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
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Post by Rukh O'Rorke on Mar 18, 2022 20:50:40 GMT -5
Update! | 3/18/2020 | 2/22/2022 | 3/18/2022 | Total Difference | Mortgage | $403,476.12 | $279,452.66 | $250,000.00 | $153,476.12 |
Diff Last Post | $29,452.66 | Total Amt Pd | $153,476.12 | Total % Pd | 38.0% |
Minnesotagirl7 [6]: 3/18/22 $250,000.00 (3/18/20 $403,476.12 C220) Today is the 2-year wirr-iversary for this race, and my 13th(!!) year overall. I wanted to make a big update this month, and with some extra help from DH, we did! Mortgage is down to $250k, and we've paid off over $150k. Vroom, vroom! woot woot!!
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muffyinthered
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Post by muffyinthered on Mar 23, 2022 14:54:52 GMT -5
MuffyintheRed#2 03/23/2022 $165,788.91 (06/22/2020 $175.394.16)
Amount paid off- $810.45
CU Savings - $25,660.44
It was a decent month. We paid off our new couch, that I wasn't racing. We also put a deposit down on a face for our yard. God knows when it will be installed. But we are on the list and they will let us know when it is our turn!
Everything is getting more expensive, which everybody is feeling but even harder on us people that are retired. Can't wait for warmer weather. Here in Wisconsin it is still cool most days and we are even expecting snow on the weekend!
Everybody take care and enjoy the sunshine if you have any!
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