Debt Free by 30 Progress – May 2017

Here is our debt free by 30 progress for May 2017!

Some bloggers have income reports, I have my debt report 🙂

Debt free by 30 progress – May 2017

debt free by 30 progress may 2017

As of May 1, 2017, we are $50,391.86 in debt – a $1,213.33 decrease from April 2017!

We’ve made a small dent in our debt free by 30 progress in this first month. It’s not exactly where we need to be, but it’s a great start I think.

Debt free by 30 progress – May 2017 breakdown

Here is our breakdown of our debt for May:

debt free by 30 progress may 2017

Per the chart above, our debt breakdown as of May 1, 2017 is as follows:

  • Car loan – $6,871.30 (down from $7,233.56 last month)
  • Credit cards – $20,390.82 (down from $21,055.37 last month)
  • Student loans – $23,129.74 (down from $23,316.26 last month)

 

Here’s a breakdown of our debts on an account level:

debt free by 30 progress may 2017

Debt free by 30 progress – May 2017 updates and notes

  • Juan received his yearly bonus last month, so we put that to good use (see next bullet point)!
  • We’ve completely eliminated Credit Card #1 last month! This is great because last month I predicted that we could only throw an extra $200 to our avalanche. Instead, we made it work and we’ve paid off the $500+ balance on CC#1! Woo hoo – bye Felicia 27.99%!
  • As far as side income goes, we haven’t really started quite yet. However, this month we are planning on selling a bunch of our clothes and other items around the house online. Probably on eBay, but if you’ve got a suggestion on where we could sell that you find is better than eBay  – let me know in the comments!

All in all – so far, so good. Paying off Credit Card #1 entirely was a great motivation boost! Also, I know exactly what we need to work on (cough SIDE INCOME cough).

Let’s do this!

AMDG,
Lisa

6 Comments

  1. Athena May 9, 2017

    Great job paying off that debt friend!

    Reply
  2. Awesome progress, Lisa! I love the spreadsheet as well : )
    DC @ Young Adult Money recently posted…15 Ways You Can Make Money From Your Computer Right NowMy Profile

    Reply
    • Lisa E. May 6, 2017

      Thanks DC! You know I love me some spreadsheets, too haha

      Reply
  3. John Higgins May 6, 2017

    Thanks for putting your progression up like this – I always find these types of post super interesting :))

    Reply

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