Each month we will share a monthly debt update to document our progress and use it as a way to reflect and keep us accountable and motivated. March was an exhausting month. They all seem to be these days. But what keeps us going is the opportunity to actually have options…eventually. So we keep pushing, keep making these debt payments because we see the progress. And it is so motivating.
Let’s get into it. Below is our monthly debt update.
What We Did Well
Our focus is still on track and we are doing a great job at holding each other and ourselves accountable.
What We Can Improve
I am in no way suggesting that we are doing this thing perfectly. We are not, because we are imperfect people. But we’ve got our heels so deep in the sand and we are extremely focused. Same as last month, nothing to add.
At A Glance
13% of the total debt paid.
The Breakdown
| Account | Starting Balance | Current Balance |
| Vehicle | $2,832.30* | $0 |
| Rental Property #1 | $41,455.52* | $0 |
| Rental Property #2 | $51,290.16* | $50,291.23 |
| Primary Residence | $282,163.00 | $277,047.71 |
| Total | $377,740.98 | $327,338.94 |
Focus Debt – Rental Property #1
Sometimes looking at the big picture can be discouraging, so we like to focus on one debt at a time. It makes this large debt pill just a bit easier to swallow. The current snowball is Rental Property #1 and it is PAID IN FULL!!
Wins
• Milestone – Rental Property #1 is paid off. We received our escrow refund check in the mail and our zero statement from the bank. It’s official. We celebrated with some takeout and sighs of relief. We squirrelled away a few dollars for a future treat we are planning and Sean got a haircut. LOL.
Our Goal Tracker!
How are you doing with your financial goals? Update us, we’d love to cheer you on!
With Intention,
Sean and Simone
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Congratulations!!
I’m proud of the both of you. It’s is so motivating to witness virtually and in person.
Thanks so much, Shonda! And we appreciate your support. It feels great to have this one done. On to the next. 🙂 Thanks for reading and commenting, we appreciate you!
Whoop! Whoop! Congrats on paying off that 1st rental property! It’s amazing how you can accomplish your goals when you break them down in not-so-scary increments!
THANK YOU!!!! Breaking it up has definitely made it more palatable. Hopefully, we don’t get too relaxed and keep this thing going. Thanks for reading and commenting, we appreciate you!
Congrats on the milestone! That’s a big deal! Its great that you take us along for the ride with you guys. Really inspirational.
That has to feel so good, I can’t even imagine. Yeah I’d say that’s worthy of a haircut.
Thanks, Noel! Feels amazing. But we moved on to the next goal so quickly, the feeling has already subsided. LOL. But a haircut never felt so good.
We are happy to have you along with us on this journey. It’s a long one, so hope you hang in there with us. Thanks for reading and commenting. We appreciate you!