This week was the last week of June. Last week of the month means snowball payment and final numbers for the month.
We were able to make a snowball payment to finish off paying the last credit card off. Also, all of our payments processed for the other payments I had made last week so 4 of our cards are currently showing a $0 balance. The 5th card still shows a balance because the payment has not cleared yet, but should by tomorrow.
Our paid-off numbers would have been slightly better if we didn’t have the origination fee for the loan we took out BUT, I am okay with this because I know the savings for the interest are going to be huge for our overall debt payoff adventure.
I have also been playing around in YNAB and I am going to work to slowly push out our age of money. Hubby gets paid bi-weekly and I get paid twice a month. Because of this I plan all of our bills as follows: I get paid on the 15th every month so I make sure with this check that all of our bills except the mortgage are paid through the 15th of next month. With the check I get at the end of the month, I am able to pay the mortgage and the majority of our snowball payment comes from this. With hubby’s checks and tips I also pay off bills and am able to add to the snowball payment.
This month is a month where hubby gets an extra check. So I figured I would take advantage of that and work towards getting all bills paid through the end of the month so I can be one full month ahead on all of my bills. I will probably do this slowly to not slow our debt payoff. I plan to push out bills one day per month until I am able to completely fund next month with this month’s checks. So, next month all bills will be paid through the 16th and that will help us get set up, we will also still be able to make a substantial debt payment, pending any Murphy visits.
I am so excited to have the cards paid off, even though technically the money just got moved somewhere else, we will be saving a TON on interest!
Here’s to another month!
Total amount paid off for June was $560.02!
Let’s have a GIANT July!
