As expected, the HELOC was paid off as part of our primary home refi. So that brought our overall debt payment down by a lot, but not the actual goal of $30k extra for the year. The refi is great because we changed to a 15 year mortgage and lowered the rate. I doubt we'll ever have to refinance again.
The Venture card was also ending it's 0% in March, so we moved $25k over to another card that has 3.99% until next April. That makes a monthly payment of $1975 to pay it off in full on time.
So in March, we only paid off $1988. That makes a total quarterly payoff of $6538 which is less than the $7500 goal.
Going forward, because we're paying it off on time, we shouldn't have a problem meeting the quarterly goal, which is updated to $5925.
The plan is to build up savings to $60k. The current world situation is showing that we don't have enough saved to be comfortable (only 2 months if we bare bones the budget). That's where the tax refund went as well as the cashout from the refi. The goal there is to save $5k per quarter. We beat that by a bit in Q1. Yearly goal is $20k which I think like we'll hit.
Stay safe everyone. We're hunkered down at home trying to balance home school and work. It's an interesting balance.
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