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June 2017 Debt Repayment

June 30, 2017
AUTHOR: Emilie
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Welcome to June’s debt repayment update where I show you the progress I made on paying off my debt over the last month.

If you’re new to Burke Does, you may be wondering why I would want to share these very real and personal numbers on the blog. You can simply skip to the next section if you’re not new here.

This all started soon after college when I tried to build my first budget and had no idea how to do that. While it too me a while, I did successfully start budget and get a grasp on my debt. In January 2016, I shared my financial status. At the end of the year, I shared my Financial Year In Review. I try to be as transparent as possible in my successes and my failures. We’re just real here, no fluff or BS here.

June 2017
May June Change Percent Change
Car Loan (USAA) 14866.31 14617.03 249.28 1.68%
ECSI 7825.17 7764.77 60.40 0.77%
Upstart 3026.61 2658.89 367.72  12.15%
Combined Debt 25718.09 25040.69 677.40 2.63%
Traditional IRA 1566.91
Roth IRA 8165.08
Combined Retirement 9731.99

Not. too. shabby.

Overall, not a bad month.

My mouth has been incredibly expensive lately and it’s complicated but basically I’ve just decided to avoid the whole situation right now. I just can’t go get the work and end up putting myself into more debt for it. I need to have it liquid before I go back to the dentist.

Ignoring that, I had a family member start paying me back on a significant amount of lended money. It’s small payments of $50/week (roughly $200/month) but every penny count when life has been killing me lately.

Notice that I added retirement? Well, I finally rolled an old 401K and Roth 401K into my Betterment account, so now I’ve got it all in one place. I think that once the Upstart loan is paid off, I might consider rolling the Traditional IRA to a Roth IRA. No decision there. As a friendly reminder, I’m not contributing to retirement right now as I’m focused on paying off my debt.

I also had a small change of plans. When I set my goals out for the year, the plan was to go to my cousin’s wedding in Brasil in September. In March, I said that I wouldn’t be going because I knew that the numbers just wouldn’t work. Well, a couple of weeks ago, I signed up for Scott’s Cheap Flights (just the free version). Trips to Brasil are generally $1000 + bags. Last weekend, I snagged a flight from Orlando to Rio for $464 Round Trip! Isn’t that insane?! It’s less than half of what some of my family members paid. I will book a round trip flight to Orlando with Southwest points I’ve accumulated, so I’ll likely pay $20 more. This was still such a deal. I’ll still need to set aside close to $1000 for the trip.


If it sounds like I’m kinda waffling right now it’s because I am. There’s just a lot going on and yadda yadda yadda (insert rest of excuses here). Maybe I’m experiencing from fatigue but the intensity and focus is definitely waffling.

Here are the priorities. I’m hoping that setting these will help set the ground work to being back on the wagon.

  1. Set aside $1000 cash for September trip to Brasil.
  2. Set aside $1500 for dentist appointments.
  3. Pay off Upstart loan!

How’d you do this month? Anything special come up?

2017 Financial Goals

  1. Build emergency savings fund to 4K.
  2. Be financially prepared for Ricardo’s Wedding ($2000 by August) and FinCon ($1500 by October).
  3. Pay off 20K of debt [Current running total $7,275]

Current Debt-Free Date: November 2018.

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