<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Recent Excel Budget Crunch = Excitement
 

Recent Excel Budget Crunch = Excitement

February 24th, 2016 at 08:48 pm

The closing of the sale of my townhouse was today! Hooray! In honor of such a big event, I decided to create a spreadsheet of all my debits and credits to represent the "Before" (all my monthly expenses and income during the ownership of my townhouse) and "After".

Monthly expenses that I will no longer have to pay after today:

$18.92 - Rental Unit Insurance
$28 - Tenant's Water/Sewer Bill
$175 - Homeowners Association Dues
$822.20 - Mortgage + PMI

With the check I receive from the sale, I will be paying off my vehicle and my student loans! This means after that point I will no longer have to pay:

$181.65 Student Loan payment per month
$271.14 Vehicle Loan payment per month

I'm going to have an extra $1496.91 in my bank account each month. Woo hoo!

I'm currently paying $850 in rent (technically $425 since my boyfriend and I split it) and looking to buy a home (again) instead of wasting money on a house I don't own (or like).

I'm pre-approved for a conventional mortgage loan of $250K and extremely happy that I won't have to pay mortgage insurance anymore.

I never thought that I'd be free of my student loans before the age of 30 and I'm beyond thrilled that that time is fast approaching!

7 Responses to “Recent Excel Budget Crunch = Excitement”

  1. Ima saver Says:

    Good for you!

  2. natasha.cornelius Says:

    Thank you!

  3. michelle Says:

    Congratulations!

  4. CB in the City Says:

    Congrats!

  5. natasha.cornelius Says:

    Thanks everyone! Super excited!

  6. MonkeyMama Says:

    Awesome!

  7. creditcardfree Says:

    Congratulations!!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 9.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]