Every time I look at our EF, it reminds me that it is only 29% what is really should be. Sitting currently at 5K, we are hoping to have it at 7K by December 31, 2012. It should be at 17.1K for a FULL 6 month EF.
As I look back at the year, I can see why it has been stagnant, and I feel slightly better. This year we have paid for the following large purchases/ expenses/ prepayments in cash:
$10,400 = Windows for Phase 1 – 4 of 5 for the house.
$3,100 = Auto related, taxes, licenses, repairs
$3,000 = Additional total prepayments to auto loan.
$4,000 = Disney World Vacation
That is a total of $20,500 paid.
The auto loan was originated December 2011 for $14,300. We have managed to pay off 41% of that to date, yes, 10 months into a 4 year note! I hope to find some money to have it paid down to 50% by December 31, 2012. If we don’t add any additional to principal it will be at 47% by then.
What seems like slow progress at a quick glance…
October 24th, 2012 at 06:43 pm
October 24th, 2012 at 08:11 pm 1351105875
October 24th, 2012 at 11:53 pm 1351119182
October 25th, 2012 at 04:49 am 1351136957
Give yourself a big pat-on-the-back. Keep up the good work!
October 27th, 2012 at 07:19 pm 1351361976
Jerry