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.

Posted Under: Debt Tales, Refinancing The Mortgage
This post was written by admin on April 3, 2009 Comments (0)

Random Comments

I started another spreadsheet to track my electricity usage.  My electric company had the last three years worth of bills on their web site, so I was able to compile a lot of past data to compare our current (no pun intended) usage against.  I just recently installed a programmable thermostat and my February bill [...]

Posted Under: Debt Tales
This post was written by admin on March 3, 2009 Comments (1)

Tracking Finances with Excel Spreadsheets

Now that I have gotten very serious about debt reduction, I am constantly making or updating Excel spreadsheets.  I have one that shows every bill for the month sorted by the due date.  I have the columns labeled: Date, Who Owed, Amount Due, Amount Left To Pay, Comments,  and then the dates of the 4 [...]

Posted Under: Debt Tales
This post was written by admin on February 11, 2009 Comments (1)