Month 5... where do I start. I thought we were doing well this month but a check in with the numbers says not so much.
We're down $581 from last month which brings us to:
Being the one in control of our finances, this month my mind has been elsewhere as I wrap up my graduate degree. Though our repayment amounts over the last few months have been inconsistent and somewhat under par in terms of our planned debt repayment, we're still very much on track to our goal of paying down $15,000 this year.
A few other things contributed to our more minimal debt repayment this month like a research trip that ended up costing about $200 and weather days (about 3) and the Family Day Holiday meant reduced pay for DH and less money for debt repayment beyond minimums.
I did submit our tax return this week using Turbo Tax and it looks like we will be getting back a decent amount which should be reflected in next month's update. Using Turbo Tax, submitting for DH and I ended up costing about $75. Mo commented on last month's post suggesting I check out other free software packages which I fully intended on doing but again - my mind was elsewhere and somewhat regrettably I chose convenience over budget. Last year we had an accountant and paid somewhere between $120-$140 so we've cut that in half this year. Next year our taxes will be simpler, I will have more time, and I will 100% be using the free software. Baby steps, right?
April will start off with my paycheque reflecting my recent pay raise which will be committed toward debt repayment. So Spring time, here we come!
I'm also really excited to welcome some new readers to the blog. Sarah from Sleeping is for Losers recently gave a shout out to us for "The Mission". Please leave comments/blog links! Lets help each other achieve financial freedom.