June Recap – Happy 6 month Anniversary and the Three-Legged Goat
Fact is, I’m not happy with the way June turned out, financially, and I’m having a bit of a pity party. We had some extra expenses, and thus were only able to make the minimums on our credit card payments, so our additional debt payoff numbers are really low. 🙁
It’s feeling again this month like we’ll never, ever get out of debt, and I’ve spent the majority of the last several days pouting to myself about it.
Here are the numbers:
$466.24 on groceries for our family of six. Our all time high for the year. 🙁 One reason for this: we’re sick and tired of the basics and splurged a bit. Hoping July will be better.
$210.63 on gas for my car. This topped even our last year numbers of $205 a month average, but I kind of expected this with all of the grad parties, Father’s Day, and an extra trip down to the cities for Rick’s retirement party (he left his part-time firefighting/EMT job of 23 years – woohoo!!!)
$58.91 on entertainment. Not bad for a family of six. If we can stay here, or about here, each month, I’ll deal with it. Last year we averaged $175 a month, so it’s a huge improvement, and I’ve decided to just be happy with it and not put so much pressure on myself to have this number at zero.
$247.24 on pet costs and toiletries. This is higher than our goal of $200, but it was all necessity stuff so we’re not going to beat ourselves up over it.
Rick’s gas consumption was higher than normal too – over double, because his POC commuter car was out of commission and he had to take the pickup to work for several days.
We also had $157 in gift costs due to a birthday, Father’s Day, several grad parties and a baby gift for dear friends of ours. Ouch, but we did budget well and use discernment here, so I’m accepting it.
A $308 propane tank fill and $90 in DIY car repair costs also graced our budget this month. :-(.
Paydown on Mortgage: $527.43
Principal paydown on CC#1: $74.64
Principal paydown on CC#2 $172.08
Principal paydown on CC#3 $40.00
Total paid toward debts for June: $814.15
Total paid toward debts for 2013……………………. $4930
CC #1: we paid $80.92 in interest this month on this card.
CC #2We paid $77.36 in interest this month on that card.
CC #3: Still at zero percent interest on the entire balance – yea!
Interest paid on mortgage: $945.29
Total interest paid for June $1103.57
Total interest paid for 2013 ………………………… $6783.41
Yes, we’ve given away nearly $6800 so far this year to banks and credit card corporations. Can you think of better things we could have done with $6800? I know I can. So, how much free money have you given away to corporate giants this year?
Also frustrating to me is that we’ve paid much more in interest than we have in principal this year so far, to the tune of $ $1853.41
This has got to change for the second half of the year.
But as I contemplate (read: whine about) our situation, I can’t help remembering Cat’s story about the three-legged goat.
The other day, Cat posted a picture on her Writing Wrap Up that really got me thinking. The picture of the three-legged goat, who has yet to be named, speaks profoundly of likely the most important life lesson regarding getting out of debt:
Stop Making Excuses
You see, while three-legged goat could easily be sitting on the sidelines somewhere, complaining about how difficult it is for him to walk and keep up with the other goats, he’s not! TLG has chosen to just buck up and get it done.
Is it harder for TLG to walk than it is for the other goats? Probably.
Does it take him longer to get where he’s going than it does for the other goats? I’m guessing “yeah”.
Does he have to put in more effort than the other goats to accomplish his goals? Likely he does.
But TLG obviously realizes something that so many of us humans fail to face:
It’s better to run the race and finish last than to not run the race at all.
My husband and I often feel like the TLG. We’re in a massive amount of debt right now, and are slowly, and I mean s-l-o-w-l-y working our way out. (The man who removes a mountain starts by carrying away small stones, right?)
We’re just ending month six of our journey, and we’ve got a LONG way to go.
It’s not easy, but it’s worth it. I know in my heart that it is. I know by the sheer amount that our peace has increased simply because we started the journey.
The hardest things in life are often the most worthwhile. (take a look at the picture in this post and that’ll give you a good idea of what Rick and I feel like every day).
Now, in the spirit of the three-legged goat, it’s time to focus on more positives: Our total 2012 spending for gas, groceries and entertainment was $15,360
Total spent on gas, groceries and entertainment for the first half of 2013?
$3896.65 This means that we are on track to spend roughly $7793.30 for the total of these costs in 2013.
That’s a savings of over 49%!!!
ON A HIGH NOTE, we are VERY excited to have reached our 6-month blogiversary!!!! We have made so many good friends in you all, and we have learned SO much from your comments and blog posts by those of you who also blog. I know for a fact that we would not be as far along as we are without all of your support – thank you SO very much, from the bottom of our hearts. 🙂
Our progress may be slow, but we ARE making progress. Do we feel like giving up? Yeah, most days we do. I’m constantly having discussions with myself about how much longer I’m going to put up with this struggle before I call the debt consolidation teams or the bankruptcy lawyer.
But in the end, we feel like we just have to keep trying. We can’t give up just yet, and neither can you. Together, we can get delivered from the bondage of debt – won’t you join us?