June 5th, 2020 at 01:15 am
or #8 since the refi.
Well, another regularly scheduled payment has been made. The new principal balance is $29,270.38. So glad to be under 30k!
Since the previous regularly scheduled payment, I managed to pay an extra $907.46.
The last payment date has moved up to 7/3/27; that is 7 years and 1 month to go if from this point forward I pay only the regular monthly payments.
My "5th Wheel Amortization" page has been updated, if you care to take a peak.
5th Wheel Loan
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June 2nd, 2020 at 02:06 am
May was a 3 paycheck month for me so I had a little extra income to work with. I planned that I would transfer in $50 from a sinking fund for a birthday gift. "Buffer" is the starting amount in checking and not much "other" income was expected.
3 paychecks means 3 cash withdrawals during the month. We have been buying groceries mainly in our little town, rather than driving down to a larger town with lower prices but more shoppers. SB and I agreed I would kick in an extra $100 for groceries. However, with gas prices low and not going anyplace but to work and back, I have been consistently spending less cash than budgeted.
I did finally get around to switching back to Ting. So far, all is going fine. I am hoping to enjoy a lower monthly phone expense.
Sinking fund deposits went exactly as planned. Spending from sinking funds included my great-grandniece's birthday gift (just a check for her savings account) and a vet bill for Bella. She had another ear infection. It's a good thing I started tucking a little bit away for her expenses, and now that fund is all but wiped out.
I had planned to send $2,392.57 of extra principal to the 5th wheel loan, and am pleased to report I managed to send $2,564.54.
I have a niece who is very active in cat rescue and she reported on Facebook that she could really use some food donations. So, I purchased $26.13 worth of cat food for her use. (She has a wish list on Amazon, which does make the process simple.)
The month ended with $1,637.60 in checking.
I had wanted to end the month with $1,637.58 in checking. That's my 1k buffer, a $230 sinking funds transfer scheduled for 6/2/20, and my monthly 5th wheel payment of $407.58 which happens automatically on 6/3/20.
All in all, a good month financially.
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