As of last night my Emergency Fund is complete!! Due to some poor planning last month (i.e. forgetting to budget for gas expenses for trip home) I did not complete the emergency fund prior to the end of the month. Yesterday was pay day which allowed me to move around some money in this month’s budget to complete the ER fund!!
Which means Baby Step #2 is under way! This is where I start paying debt off! By the end of summer I hope to have the following paid off:
US Bank Credit Card: $1,194.43
Chase Credit Card: $2,440.72
Joe C. Davis Student Loan: $2,654.62
I will start paying every extra penny towards the US Bank Credit card until it’s paid off while paying the minimum payment on the others. When the first is paid off, all those funds will go towards the second one.
By the end of the year, I will have completed those three debts and then will have a made good headway in the first of my two large student loans!
Freedom, here I come.