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June update

July 4th, 2007 at 03:31 pm

DH and I were out of town for pretty much the last week and a half of June so we didn’t do to well keeping track of our spending. While we went home (Oregon) for a weekend we didn’t really spend any money—-one of the perks of being with the parents. Last weekend we went off for our 1 year anniversary and we spent quite a bit of money, but almost all of it was covered by a gift from our best man. This month we also moved quite a bit of money around that also messed with our budget numbers. We opened Roth IRA accounts with Vanguard and maxed them out. So no hard numbers to post, but we did good this month.

Yesterday I did our normal monthly checking account drain. Since I did in the beginning of July, and July is an odd month, all of that money went to pay off our cars—$1,500! This paid off a huge chunk out of my car loan, about 18%. We also put $125 to our dining room account and $125 toward our 2008 Roths. Frankly I was happy that we were putting that much toward the car, but at the same time I was a little nervous about not specifically putting any money away toward savings. But come August, we’ll be saving all of it. So it will all work out in the end. Besides, if something catastrophic happens, we still have our EF and down payment savings accounts we can raid.

So I am really excited to see the balance of the cars continue to fall. Even if we only pay the minimum balance from here on out, we have already saved a year-and-a-half of payments!

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