We have decided to stop the gymnastics lessons for the girls. I asked Big Ripples to only pick two extra activities and she chose bowling and guitar lessons. The gymnastics lessons were more expensive than I thought for the fall sessions and it was beginning to be too much.
After we pay all of the expenses on our rental condo, we should have $333 left over each month. This money will be allocated as follows:
Home Repair Savings: $100
Girls Activities: $120
Paying back savings money that we used for down payment: $113 (this could be more it just depends on how much the water bill is.)
My goals for any extra regular income will be to:
1. pay off credit card before interest starts getting charged
2. Build Emergency Fund to $1000
3. Save $2200 for vacation in January
Extra Goal if first 3 are accomplished: This will be a BIG Stretch to accomplish this by the end of 2013. Pay off student loan balance - $1212 (This was my goal before we bought the second condo. I made a huge dent in it the beginning part of the year but haven't been making extra payments since we purchased the investment condo. My interest rate is 7.25% so I need to get rid of this.)
Oh, you're so close to getting rid of that student loan! I'm envious. Hopefully you will be able to pull it off before the year is over.
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