As the journey continues to be financially smarter, I decided it was time to evaluate some numbers. The key to righting the ship is to increase income and reduce expenses, correct? We’ve had a few adjustments along the way and I thought it was high time to take a look and see how much of an impact it makes on a montly basis. So here goes:
Increase in income (just me):
- Ass Coordinator – $45
- MFR Runs – about $150
Decrease in expenses:
- Health insurance co-pay – $148
- Property Tax Escrow – $178
- Cell Phones/Internet – $60
- Cable – $20
Total monthly Impact: (drumroll please……………) $601
That’s a lotta dough 🙂
*This doesn’t include the decrease in NSF and overdraft fees. On December’s bank statement I noticed that our bank added a section to include fees for the month and total fees for the year. Let’s just say i was astonished to see that we lost an average of $500/month on the aforementioned fees. That is a lot of dough. Gone. For nothing. It’s expensive to be broke. We have not had a single fee since that discovery.
That explains why I’ve been able to slowly get caught up on our monthly payments. The increase in income from hubby certainly helps too. But that money hasn’t really started to come in yet. It feels GREAT to be able to actually pay bills again!
Now if we can just finish up that loan mod…
We are well on our journey to finally, FINALLY achieve prosperity!