Debt Payoff Progress for July 2013

turtleIt’s interesting as I write this near the end of August because even though I know July wasn’t a total disaster, I am dreading the August report for two main reasons.  First, we had to evict that tenant, and the cleanup is massive and expensive.  Later I will do some more explaining and post some pictures.  Second, I ended up breaking my arm which means that I am taking a pay cut during the month of August meaning any progress on debt payoff is impossible.  I am pleased that we have been able to keep food on the table and make some headway on the rental house.

Let’s look at the numbers:

February 1, 2013:  $204,682.21

March 1, 2013:  $202,074.40

April 1, 2013:  $200,241.22

May 1, 2013:  $201,650.44

June 1, 2013:  $197,517.24

July 1, 2013:  $194,888.81

August 1, 2013:  $193,577.18

As you can see, there was not a lot of progress on debt repayment during the month of July.  However, I will note that our net worth did increase more than that so we did head in the right direction.

Of course, breaking my arm on July 29th has turned out to be a big problem.  It slowed progress for the month of August on getting the house turned over and having any extra funds to put toward the rehab.  I am hoping to be back to work soon and get on track, but I suspect that it will be a few months to get it all back in gear.