Financial Update for June 2011

So far 2011 has been quite a struggle, but things are finally looking up for Mr. A’s business. We’ve done some reassessing of business practices and found some areas that needed tweaking, and it seems to be having a positive effect.  Mr. A is gaining slowly with his business, and we expect he will finish out the year with a profit as he has every year since starting this business.  Summer is typically busier for Mr. A, and business has been picking up nicely. Most of his customers are repeat customers, and word of mouth customers and we are thrilled to see this occurring.

We had to take an owner’s draw from his company in the month of June for $500 and $400 in July to meet our personal budget.  So far our sinking funds are holding steady.  Next month auto insurance is due so I need to check around and make sure we’re getting the best deal. Speaking of cars, the price of gasoline has been slowly dropping. It’s still over $3 a gallon, which is just awful.  I have been buying my gasoline at Costco and using my American Express card to get additional savings.

We are still working on our credit card debt.  In May I reported it was at $13,333.03 and we’ve continued to pay down on the debt.  Everyone month I brace myself for some major thing to happen which we might not be able to absorb financially, but so far so good. The credit card debt at the moment is:

$12,600.00.

I’m very relieved to report it is still going down. Of course I would like to be able to hit it much harder, but I’ll be happy for progress in the down position.

Some have asked in the past how much interest we are paying on a monthly basis and that is: $114.44.  Our payments in June for the three remaining cards came to $386.  It sure would be nice to be able to put that money toward the mortgage, instead of credit card debt!

Thank you to those of you who are using my Amazon link to shop through.  In June I received payment for $34.30 and this was applied directly to the credit card debt.

The Market on the Move vegetable box deal ended in June and is supposed to start back up in the fall. I’m really hoping this year I can figure out how to defeat the gophers in my garden… Mr. A has suggested I move my garden to our abandoned turkey pen.  That might be a good idea, it does seem the critters don’t venture into a new gardening area until it has been around for a season or two. The only problem is I need to have all new beds dug, and also there is no watering system in that area.  It would take a mighty long hose to reach. Mr. A has been so busy I don’t know if he would have the time to dig those for me, and the ground is so hard out here that it’s not really practical for me to attempt it.

I am starting to get anxious because I have not filed our personal income taxes yet.  I need to get that put together, I do have until October 15th, but it will be here before I know it the way time flies.

Thanks for stopping by!

 

 

 

OUT OF DEBT AGAIN is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to AMAZON.COM. OUT OF DEBT AGAIN is an affiliate for several companies and may be compensated through advertising and marketing channels. This post may contain affiliate links.

Be Sociable, Share!

Related posts:

6 comments to Financial Update for June 2011

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CommentLuv badge

Splyced Hosting