End of Month Update on Financial Situation
When I started this spreadsheet in January the minimums added up to $3920 (If I went back to November it would’ve been worse, but I don’t have complete records of that). Last month the minimums added up to $3177. That’s a difference of $743 per month. When I was trying to pay $3920, I was coming up short and having to go further in debt to pay for other needs like food and gas. There was also a lot of borrowing from one account to pay another. Needless to say there wasn’t anything extra to pay down the debts. That $743 dollar difference makes it a lot easier to pay cash for everything and apply extra payments toward debt.
