Financial Year in Review 2020

Here is my annual review on what my balances were since I started tracking: MORTGAGE:

NOV 2016 = 86,735.14

NOV 2017 = 84,213.18

NOV 2018 = 81,699.54

NOV 2019 = 79,499.00 (REFINANCED IN SEPTEMBER – took off 2 years of our balance and $100 off our monthly payment plus the credit union paid the closing costs).

NOV 2020 = 73,000.00

STUDENT LOAN

NOV 2016 = 17,764.25

NOV 2017 = 15,990.72

NOV 2018 = 14,157.47

NOV 2019 = PAID OFF IN AUGUST (I started paying double and triple payments and eventually paid it off lump sum)

CC1

NOV 2016 = 13,928.46

NOV 2017 = 11,564.48

NOV 2018 = 9,759.51

NOV 2019 = PAID OFF IN SPRING (double and triple payments and eventually paid it off lump sum)

CC2

NOT TRACKED IN 2016

NOV 2017 = 8,315.19

NOV 2018 = 0 (Paid Off Balance Transfer back in August)

Goal for 2020: Beef up my emergency savings account to $10,000. EXCEEDED my goal. Current balance is $10,505.00 (thanks to working from home…less expenses).

Goal for 2021: Still to be determined. I will post that in a future entry.

Hopefully this can help those at the beginning of their debt repayment journey that it is possible to get ahead.